Shares of Tesco Corp. (NASDAQ:TESO) fell 4.4% on Wednesday . The stock traded as low as $6.93 and last traded at $6.97, with a volume of 313,340 shares traded. The stock had previously closed at $7.29.

Separately, Zacks Investment Research upgraded Tesco Corp. from a “hold” rating to a “buy” rating and set a $7.25 price target on the stock in a research note on Wednesday, July 20th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Tesco Corp. presently has a consensus rating of “Buy” and a consensus target price of $9.06.

The stock’s 50-day moving average is $6.68 and its 200-day moving average is $7.40. The firm’s market cap is $273.73 million.

Tesco Corp. (NASDAQ:TESO) last announced its quarterly earnings data on Tuesday, August 9th. The company reported ($0.39) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.42) by $0.03. During the same period in the previous year, the business earned ($0.21) EPS. The firm earned $33.60 million during the quarter, compared to the consensus estimate of $32.48 million. The firm’s revenue for the quarter was down 54.9% on a year-over-year basis. Equities analysts anticipate that Tesco Corp. will post ($1.55) earnings per share for the current fiscal year.

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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