Headlines about Tesco (NASDAQ:TESO) have been trending somewhat negative this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tesco earned a daily sentiment score of 0.00 on Accern’s scale. Accern also gave headlines about the oil and gas company an impact score of 44.6934497129732 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s rankings:
- Ex-England rugby star jailed over terrifying cocaine-fuelled machete-wielding Halloween rampage on Tesco and KFC (thesun.co.uk)
- Former Salford City Reds captain Malcolm Alker jailed for armed robberies at KFC and Tesco (manchestereveningnews.co.uk)
- Ex-England Rugby League star high on cocaine robbed KFC and Tesco while wielding machete (mirror.co.uk)
- Tesco Jury Prepares for Verdict as Accounting Trial Nears End (bloomberg.com)
- KFC and Tesco machete robberies: Ex-rugby star Malcolm Alker jailed (bbc.com)
Shares of Tesco (NASDAQ:TESO) opened at $3.70 on Friday. Tesco has a 52 week low of $3.60 and a 52 week high of $9.65. The stock has a market capitalization of $173.00, a P/E ratio of -2.94 and a beta of 1.17.
Tesco (NASDAQ:TESO) last posted its earnings results on Tuesday, November 7th. The oil and gas company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.01. Tesco had a negative return on equity of 16.27% and a negative net margin of 38.60%. The company had revenue of $40.50 million for the quarter, compared to the consensus estimate of $43.24 million. During the same quarter in the prior year, the business earned ($0.37) earnings per share. The firm’s revenue for the quarter was up 33.2% on a year-over-year basis. equities analysts forecast that Tesco will post -0.94 earnings per share for the current fiscal year.
TESO has been the subject of a number of research analyst reports. Zacks Investment Research raised Tesco from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Cowen set a $5.00 price target on Tesco and gave the company a “hold” rating in a report on Friday, October 6th. B. Riley restated a “buy” rating on shares of Tesco in a report on Wednesday, November 1st. Finally, Goldman Sachs Group upgraded 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 stock. The company presently has a consensus rating of “Hold” and an average target price of $6.00.
In related news, CEO Fernando Rafael Assing sold 7,146 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was 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 of the company’s stock, valued at $689,837.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 40,633 shares of company stock worth $161,340 in the last three months. 1.70% of the stock is currently owned by company insiders.
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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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