Somewhat Positive Press Coverage Somewhat Unlikely to Impact Tesco Corporation (TESO) Stock Price
Media coverage about Tesco Corporation (NASDAQ:TESO) has trended somewhat positive on Wednesday, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tesco Corporation earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media headlines about the oil and gas company an impact score of 44.7512780369045 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern’s scoring:
- Tesco Corporation (TESO) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Tesco Co. (TESO) Lifted to “Hold” at Zacks Investment Research (americanbankingnews.com)
- New ‘human scale’ Tesco Extra format increases sales (retaildesignworld.com)
- M&S calls for collaboration over antibiotics use in food supply chains (ethicalcorp.com)
- Tesco Corporation (NASDAQ:TESO) Experiences Heavy Trading Volume (highlightpress.com)
Several research analysts have recently weighed in on the company. Cowen and Company lowered their target price on Tesco Corporation from $9.00 to $6.00 and set a “market perform” rating on the stock in a report on Monday, June 5th. Zacks Investment Research upgraded Tesco Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. ValuEngine cut Tesco Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. FBR & Co set a $7.00 target price on Tesco Corporation and gave the stock a “buy” rating in a report on Wednesday, August 16th. Finally, Seaport Global Securities restated a “neutral” rating on shares of Tesco Corporation in a report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $6.50.
Tesco Corporation (NASDAQ TESO) opened at 4.60 on Wednesday. The firm’s market capitalization is $215.07 million. The stock’s 50 day moving average price is $4.38 and its 200 day moving average price is $5.60. Tesco Corporation has a one year low of $3.70 and a one year 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 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 for the quarter, compared to analysts’ expectations of $41.01 million. During the same period last year, the business earned ($0.39) earnings per share. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. Analysts expect that Tesco Corporation will post ($0.94) EPS for the current year.
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Tesco Corporation Company Profile
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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