Tesco Corporation (TESO) Receiving Somewhat Positive Media Coverage, Report Shows

News articles about Tesco Corporation (NASDAQ:TESO) have trended somewhat positive recently, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tesco Corporation earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media coverage about the oil and gas company an impact score of 46.2550796995536 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

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

Several research firms have recently issued reports on TESO. Zacks Investment Research cut shares of Tesco Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Seaport Global Securities reiterated a “neutral” rating on shares of Tesco Corporation in a 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 report on Wednesday, August 16th. Cowen and Company set a $5.00 price objective on shares of Tesco Corporation and gave the company a “hold” rating in a report on Friday, October 6th. Finally, ValuEngine cut shares of Tesco Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $6.00.

Tesco Corporation (TESO) opened at 4.775 on Thursday. Tesco Corporation has a 12-month low of $3.70 and a 12-month high of $9.65. The stock’s 50 day moving average is $5.01 and its 200-day moving average is $5.06. The company’s market cap is $223.25 million.

Tesco Corporation (NASDAQ:TESO) last posted its quarterly earnings results on Tuesday, August 8th. The oil and gas company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.01). The company had revenue of $40.10 million during the quarter, compared to analyst estimates of $41.01 million. Tesco Corporation had a negative net margin of 47.72% and a negative return on equity of 18.21%. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.39) earnings per share. Analysts predict that Tesco Corporation will post ($0.94) earnings per share 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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