Media coverage about Tesco Corporation (NASDAQ:TESO) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Tesco Corporation earned a news impact score of 0.09 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 44.3262223330666 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the news stories that may have impacted Accern’s scoring:

Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Tesco Corporation from a “sell” rating to a “hold” rating in a report on Saturday. FBR & Co set a $7.00 target price on Tesco Corporation and gave the company a “buy” rating in a research note on Wednesday. Seaport Global Securities reissued a “neutral” rating on shares of Tesco Corporation in a research note on Wednesday, August 9th. Finally, Cowen and Company dropped their price target on Tesco Corporation from $9.00 to $6.00 and set a “market perform” rating on the stock in a research report on Monday, June 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Tesco Corporation presently has a consensus rating of “Hold” and an average price target of $6.50.

Shares of Tesco Corporation (NASDAQ TESO) opened at 4.40 on Friday. The firm’s market capitalization is $205.72 million. The company’s 50-day moving average price is $4.38 and its 200 day moving average price is $6.10. Tesco Corporation has a 12-month low of $3.70 and a 12-month high of $9.65.

Tesco Corporation (NASDAQ:TESO) last issued its quarterly earnings data on Tuesday, August 8th. The oil and gas company reported ($0.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.24) by $0.01. Tesco Corporation had a negative return on equity of 18.21% and a negative net margin of 47.72%. The business had revenue of $40.10 million during the quarter, compared to analysts’ expectations of $41.01 million. During the same quarter last year, the business posted ($0.39) EPS. The company’s quarterly revenue was up 19.3% on a year-over-year basis. On average, equities analysts forecast that Tesco Corporation will post ($0.94) earnings per share for the current year.

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About Tesco Corporation

Tesco Corporation is a provider of technology-based solutions for drilling, servicing and completion of wells for the upstream energy industry. The Company’s operations consist of top drives and automated pipe handling equipment sales and rentals; aftermarket sales and services, and tubular services, including related products and accessories sales.

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