TGC Industries Inc. (TGE) saw a big move last session, as the company’s shares fell by over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for TGE, as the stock is now down over 14% since Apr 14, 2014.
The oil and gas company has seen a flat record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
TGE currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the same sector include Exterran Holdings, Inc. (EXH), Flotek Industries Inc. (FTK) and Helix Energy Solutions Group, Inc. (HLX). All these stocks hold a Zacks Rank #1 (Strong Buy).
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TGC INDUSTRIES INC (TGE): Free Stock Analysis Report
EXTERRAN HLDGS INC (EXH): Free Stock Analysis Report
FLOTEK INDS INC DEL (FTK): Free Stock Analysis Report
HELIX ENERGY SOLUTIONS GRP I (HLX): Free Stock Analysis Report
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