Tesco Corporation (TESO) Receives Daily Media Impact Score of 0.03
Media stories about Tesco Corporation (NASDAQ:TESO) have been trending somewhat positive on Sunday, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing 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 0.03 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 45.2908506883358 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- When it comes to US stocks, growth trumps quality (timesofoman.com)
- Town centre car park to be closed as improvement work continues (thestar.co.uk)
- Frank’s International (FI) Names Michael Kearney as President and CEO; CEO Douglas G. Stephens Departs (streetinsider.com)
- Frank’s International names new CEO (ogfj.com)
- Frank’s International CEO departs after less than a year (bizjournals.com)
A number of equities analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Tesco Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Seaport Global Securities reissued a “neutral” rating on shares of Tesco Corporation in a research note on Wednesday, August 9th. FBR & Co set a $7.00 price target on shares of Tesco Corporation and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Cowen and Company decreased their price target on shares of Tesco Corporation from $9.00 to $6.00 and set a “market perform” rating for the company in a research note on Monday, June 5th. Finally, ValuEngine downgraded shares of Tesco Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $6.50.
Tesco Corporation (NASDAQ TESO) opened at 5.45 on Friday. The company’s market capitalization is $254.81 million. The company has a 50-day moving average of $4.48 and a 200-day moving average of $5.44. Tesco Corporation has a 1-year low of $3.70 and a 1-year high of $9.65.
Tesco Corporation (NASDAQ:TESO) last released 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 consensus estimate of ($0.24) by ($0.01). The company had revenue of $40.10 million during the quarter, compared to analysts’ expectations of $41.01 million. Tesco Corporation had a negative net margin of 47.72% and a negative return on equity of 18.21%. Tesco Corporation’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period last year, the firm earned ($0.39) earnings per share. Equities analysts expect that Tesco Corporation will post ($0.94) EPS for the current fiscal 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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