News articles about Tesco (NASDAQ:TESO) have been trending somewhat negative on Thursday, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tesco earned a news impact score of -0.01 on Accern’s scale. Accern also assigned media headlines about the oil and gas company an impact score of 45.0791357033717 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
Tesco (NASDAQ:TESO) opened at $3.70 on Thursday. Tesco has a twelve month low of $3.60 and a twelve month high of $9.65. The firm has a market cap of $173.00, a PE ratio of -2.94 and a beta of 1.17.
Tesco (NASDAQ:TESO) last released its earnings results on Tuesday, November 7th. The oil and gas company reported ($0.20) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.01. The firm had revenue of $40.50 million for the quarter, compared to analysts’ expectations of $43.24 million. Tesco had a negative net margin of 38.60% and a negative return on equity of 16.27%. The company’s quarterly revenue was up 33.2% on a year-over-year basis. During the same period in the previous year, the company earned ($0.37) earnings per share. analysts forecast that Tesco will post -0.94 EPS for the current fiscal year.
Several research firms recently weighed in on TESO. Cowen set a $5.00 price target on shares of Tesco and gave the stock a “hold” rating in a report on Friday, October 6th. Zacks Investment Research upgraded shares of Tesco from a “sell” rating to a “hold” rating in a report on Thursday, November 30th. B. Riley restated a “buy” rating on shares of Tesco in a report on Wednesday, November 1st. Finally, Goldman Sachs Group upgraded shares of Tesco from a “neutral” rating to a “buy” rating in a report on Monday, December 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $6.00.
In other Tesco news, CEO Fernando Rafael Assing sold 7,146 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $4.20, for a total value of $30,013.20. Following the transaction, the chief executive officer now directly owns 164,247 shares in the company, valued at $689,837.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 40,633 shares of company stock worth $161,340. Corporate insiders own 1.70% of the company’s stock.
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Tesco 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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