Tesco Corporation (TESO) Earns Media Impact Score of 0.03

Media stories about Tesco Corporation (NASDAQ:TESO) have trended somewhat positive on Friday, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources. 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 news impact score of 0.03 on Accern’s scale. Accern also assigned news articles about the oil and gas company an impact score of 43.834700406255 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

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

TESO has been the topic of several analyst reports. Zacks Investment Research upgraded Tesco Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. ValuEngine cut shares of Tesco Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. FBR & Co set a $7.00 price objective on shares of Tesco Corporation and gave the stock a “buy” rating in a research report on Wednesday, August 16th. Cowen and Company set a $5.00 price objective on shares of Tesco Corporation and gave the stock a “hold” rating in a research report on Friday, October 6th. Finally, Seaport Global Securities restated a “neutral” rating on shares of Tesco Corporation in a research report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $6.00.

Shares of Tesco Corporation (NASDAQ:TESO) opened at 4.85 on Friday. The stock’s market cap is $226.76 million. Tesco Corporation has a 52 week low of $3.70 and a 52 week high of $9.65. The firm has a 50-day moving average price of $4.96 and a 200 day moving average price of $5.16.

Tesco Corporation (NASDAQ:TESO) last posted its earnings results on Tuesday, August 8th. The oil and gas company reported ($0.25) 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 firm had revenue of $40.10 million for the quarter, compared to analyst estimates of $41.01 million. During the same quarter last year, the firm posted ($0.39) EPS. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. On average, analysts forecast that Tesco Corporation will post ($0.94) EPS for the current fiscal 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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