TGC Industries Inc.
) 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
Some better-ranked stocks in the same space include
Compressco Partners, L.P.
Exterran Holdings, Inc.
Willbros Group Inc.
). All these stocks carry a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research?
Today, you can download
7 Best Stocks for the Next 30 Days
Click to get this free report >>
EXTERRAN HLDGS (EXH): Free Stock Analysis
COMPRESSCO PTNR (GSJK): Free Stock Analysis
TGC INDUSTRIES (TGE): Free Stock Analysis
WILLBROS GROUP (WG): Free Stock Analysis Report
To read this article on Zacks.com click here.