TGC Industries Downgraded by Zacks (TGE)
TGC Industries (NYSE:TGE) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Friday. They currently have a $3.80 price objective on the stock. Zacks‘s price objective would suggest a potential downside of 4.04% from the company’s current price.
TGC Industries (NYSE:TGE) traded down 0.76% on Friday, hitting $3.93. 19,908 shares of the company’s stock traded hands. TGC Industries has a 52-week low of $3.69 and a 52-week high of $8.53. The stock’s 50-day moving average is $4.34 and its 200-day moving average is $5.33. The company’s market cap is $86.3 million.
TGC Industries (NYSE:TGE) last announced its earnings results on Monday, July 28th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by $0.11. The company had revenue of $18.20 million for the quarter, compared to the consensus estimate of $27.50 million. Analysts expect that TGC Industries will post $0.15 EPS for the current fiscal year.
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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