Tesco Corp. (NASDAQ:TESO) was up 6% during trading on Tuesday . The stock traded as high as $7.25 and last traded at $7.21, with a volume of 143,286 shares. The stock had previously closed at $6.80.

Separately, Zacks Investment Research cut shares of Tesco Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, March 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $10.75.

The stock’s market capitalization is $269.41 million. The stock’s 50-day moving average price is $6.83 and its 200 day moving average price is $7.37.

Tesco Corp. (NASDAQ:TESO) last posted its quarterly earnings data on Tuesday, May 10th. The company reported ($0.46) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by $0.11. During the same period last year, the company earned ($0.08) earnings per share. The company had revenue of $35.50 million for the quarter, compared to analyst estimates of $42.86 million. The firm’s revenue for the quarter was down 61.3% compared to the same quarter last year. On average, equities analysts forecast that Tesco Corp. will post ($1.61) EPS for the current year.

An institutional investor recently raised its position in Tesco Corp. stock. Dimensional Fund Advisors LP boosted its position in shares of Tesco Corp. (NASDAQ:TESO) by 1.1% during the fourth quarter, according to its most recent Form 13F filing 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.

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