Tesco Corp. (NASDAQ:TESO) fell 3.4% on Thursday . The stock traded as low as $6.28 and last traded at $6.46, with a volume of 120,178 shares. The stock had previously closed at $6.69.

Separately, Zacks Investment Research raised shares of Tesco Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. Tesco Corp. has an average rating of “Buy” and an average target price of $10.05.

The firm’s market capitalization is $252.52 million. The firm’s 50 day moving average price is $6.61 and its 200 day moving average price is $7.33.

Tesco Corp. (NASDAQ:TESO) last posted its earnings results on Tuesday, May 10th. The company reported ($0.46) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by $0.11. The business had revenue of $35.50 million for the quarter, compared to the consensus estimate of $42.86 million. During the same period last year, the company earned ($0.08) earnings per share. The firm’s quarterly revenue was down 61.3% on a year-over-year basis. On average, analysts expect that Tesco Corp. will post ($1.58) earnings per share for the current year.

A hedge fund recently raised its stake in Tesco Corp. stock. Dimensional Fund Advisors LP increased its position in shares of Tesco Corp. (NASDAQ:TESO) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,300,177 shares of the company’s stock after buying an additional 25,710 shares during the period. Dimensional Fund Advisors LP owned approximately 5.90% of Tesco Corp. worth $16,653,000 at the end of the most recent quarter.

Tesco Corporation is engaged in designing, assembly and service delivery of technology-based solutions for the upstream energy industry. The Company’s product and service offerings consist primarily of equipment sales and services to drilling contractors, and exploration and production companies around the world.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.