TGC Industries (TGE) Posts Quarterly Results
TGC Industries (NYSE:TGE) announced its earnings results on Monday. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.20, Analyst RN reports. The company had revenue of $21.10 million for the quarter, compared to the consensus estimate of $36.83 million.
TGC Industries (NYSE:TGE) opened at 8.10 on Monday. TGC Industries has a 52-week low of $6.00 and a 52-week high of $10.01. The stock’s 50-day moving average is $8.40 and its 200-day moving average is $8.81. The company has a market cap of $177.0 million and a price-to-earnings ratio of 23.48.
On the ratings front, analysts at Zacks upgraded shares of TGC Industries from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, July 31st. They now have a $9.50 price target on the stock.
TGC Industries, Inc (NYSE:TGE), with its wholly owned subsidiary, Eagle Canada, Inc, (Eagle Canada), is a provider of seismic data acquisition services throughout the continental United States and Canada.
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