Press coverage about Tesco Corporation (NASDAQ:TESO) has been trending somewhat positive on Monday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tesco Corporation earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 45.9794363592799 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Tesco CEO was kept in dark over accounting issues, court hears (finance.yahoo.com)
- Christopher L. Boone Sells 3,445 Shares of Tesco Corporation (TESO) Stock (americanbankingnews.com)
- Tesco Corporation (TESO) CEO Sells $35,313.40 in Stock (americanbankingnews.com)
- Tesco Corporation (TESO) Cut to Sell at Zacks Investment Research (americanbankingnews.com)
- Tesco Corporation (TESO) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
A number of equities research analysts recently issued reports on TESO shares. FBR & Co set a $7.00 price objective on Tesco Corporation and gave the company a “buy” rating in a research note on Wednesday, August 16th. Cowen and Company set a $5.00 price objective on Tesco Corporation and gave the company a “hold” rating in a research note on Friday, October 6th. Zacks Investment Research raised Tesco Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Tesco Corporation in a report on Wednesday, August 9th. Finally, ValuEngine lowered Tesco Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $6.00.
Tesco Corporation (NASDAQ TESO) traded up $0.20 during mid-day trading on Monday, reaching $4.20. The company’s stock had a trading volume of 1,002,336 shares, compared to its average volume of 349,214. Tesco Corporation has a 1-year low of $3.60 and a 1-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) EPS for the quarter, missing the Thomson Reuters’ 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 in the previous year, the firm posted ($0.39) EPS. The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. equities research analysts expect that Tesco Corporation will post -0.94 earnings per share for the current fiscal year.
In other news, CEO Fernando Rafael Assing sold 9,293 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $3.80, for a total transaction of $35,313.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 16,640 shares of company stock valued at $63,232 in the last three months. 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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