TGC Industries (TGE) Jumps: Stock Rises 6.6% - Tale of the Tape

By Zacks Equity Research,

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TGC Industries Inc. ( TGE ) was a big mover last session, as the company saw its shares rise by nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend of the company as the stock is now down roughly 3% in the past one-month time frame.

The company has seen one negative revision in the past one month and its Zacks Consensus Estimate moved lower over the same time frame, indicating there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday's move higher lasts.

TGC Industries currently holds a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.

However, some better-ranked stocks in the oil field services industry include Schlumberger Limited ( SLB ), RPC Inc. ( RES ) and Exterran Holdings, Inc. ( EXH ). All these carry a Zacks Rank #2 (Buy).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
Referenced Stocks: EXH , RES , SLB , TGE

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