Somewhat Favorable News Coverage Somewhat Unlikely to Impact Tesco Corporation (TESO) Share Price
News stories about Tesco Corporation (NASDAQ:TESO) have trended somewhat positive on Monday, according to Accern. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tesco Corporation earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the oil and gas company an impact score of 44.6270528092846 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of equities analysts have recently weighed in on TESO shares. Zacks Investment Research raised shares of Tesco Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. Seaport Global Securities reissued a “neutral” rating on shares of Tesco Corporation in a research report on Wednesday, August 9th. FBR & Co set a $7.00 price objective on shares of Tesco Corporation and gave the company a “buy” rating in a research report on Wednesday, August 16th. ValuEngine lowered shares of Tesco Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Finally, B. Riley reissued a “buy” rating on shares of Tesco Corporation in a research report on Wednesday, November 1st. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Tesco Corporation currently has an average rating of “Hold” and an average target price of $6.00.
Tesco Corporation (NASDAQ TESO) traded up $0.05 during trading hours on Monday, hitting $4.30. 928,200 shares of the stock were exchanged, compared to its average volume of 551,961. Tesco Corporation has a twelve month low of $3.60 and a twelve month high of $9.65.
Tesco Corporation (NASDAQ:TESO) last released its earnings results on Tuesday, November 7th. The oil and gas company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.01. Tesco Corporation had a negative net margin of 38.60% and a negative return on equity of 16.27%. The firm had revenue of $40.50 million during the quarter, compared to the consensus estimate of $43.24 million. During the same period in the previous year, the firm earned ($0.37) earnings per share. Tesco Corporation’s revenue was up 33.2% compared to the same quarter last year. analysts forecast that Tesco Corporation will post -0.94 EPS for the current year.
In related news, CEO Fernando Rafael Assing sold 9,293 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $3.80, for a total value of $35,313.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders sold 16,640 shares of company stock valued at $63,232. 1.70% of the stock is owned by insiders.
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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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