TGC Industries (TGE) Crumbles: Stock Falls by 7.5% - Tale of the Tape
TGC Industries Inc. (NASDAQ: TGE) saw a big move last session, as the company's shares fell by over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent uptrend for TGE, as the stock gained nearly 8.8% between Feb 27 and Mar 25.
This slump shouldn't be too much of a surprise to investors, as the company in the Oil-Field Services industry has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
TGE currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the same space include Compressco Partners, L.P. (NASDAQ: GSJK), Exterran Holdings, Inc. (NYSE: EXH) and Willbros Group Inc. (NYSE: WG). All these stocks carry a Zacks Rank #1 (Strong Buy).
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EXTERRAN HLDGS (NYSE: EXH): Free Stock Analysis Report
COMPRESSCO PTNR (NASDAQ: GSJK): Free Stock Analysis Report
TGC INDUSTRIES (NASDAQ: TGE): Free Stock Analysis Report
WILLBROS GROUP (NYSE: WG): Free Stock Analysis Report
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The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.