Tesco Corp. (NASDAQ:TESO)’s share price was down 3.4% during trading on Thursday . The stock traded as low as $6.28 and last traded at $6.46, with a volume of 120,178 shares changing hands. The stock had previously closed at $6.69.

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

The stock has a 50-day moving average of $6.60 and a 200 day moving average of $7.33. The stock’s market cap is $259.59 million.

Tesco Corp. (NASDAQ:TESO) last announced its quarterly earnings results on Tuesday, May 10th. The company reported ($0.46) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by $0.11. During the same period last year, the company posted ($0.08) EPS. The firm earned $35.50 million during the quarter, compared to analyst estimates of $42.86 million. Tesco Corp.’s revenue was down 61.3% compared to the same quarter last year. On average, equities analysts predict that Tesco Corp. will post ($1.58) EPS for the current fiscal 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 filing with the Securities and Exchange Commission. The firm 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 5.90% of Tesco Corp. worth $16,653,000 as of its most recent filing with the SEC.

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.

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