Headlines about Tesco (NASDAQ:TESO) have trended somewhat positive recently, Accern reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Tesco earned a coverage optimism score of 0.03 on Accern’s scale. Accern also assigned news stories about the oil and gas company an impact score of 41.9942240488797 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several analysts recently issued reports on TESO shares. Goldman Sachs Group upgraded shares of Tesco from a “neutral” rating to a “buy” rating in a research report on Monday, December 4th. B. Riley reiterated a “hold” rating on shares of Tesco in a research report on Friday, December 22nd. Finally, Zacks Investment Research lowered shares of Tesco from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. One investment 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’s stock. Tesco has a consensus rating of “Hold” and a consensus price target of $6.00.
Tesco (NASDAQ:TESO) remained flat at $$3.70 during midday trading on Friday. The company has a market cap of $173.00, a P/E ratio of -2.94 and a beta of 1.17. Tesco has a 1 year low of $3.60 and a 1 year high of $9.65.
In related news, CEO Fernando Rafael Assing sold 7,146 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $4.20, for a total transaction of $30,013.20. Following the sale, the chief executive officer now owns 164,247 shares in the company, valued at approximately $689,837.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 21,065 shares of company stock worth $87,128 in the last quarter. 1.70% of the stock is currently owned by company insiders.
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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