CGG SA (NYSE:CGG) Hits New 52-Week Low at $3.80
CGG SA (NYSE:CGG) shares hit a new 52-week low on Wednesday . The stock traded as low as $3.80 and last traded at $3.80, with a volume of 190 shares trading hands. The stock had previously closed at $3.97.
CGG has been the subject of several research reports. Zacks Investment Research raised CGG SA from a “hold” rating to a “buy” rating and set a $6.50 target price for the company in a research note on Wednesday, June 7th. ValuEngine cut CGG SA from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd.
The firm’s 50-day moving average is $4.55 and its 200 day moving average is $6.88. The stock’s market capitalization is $84.92 million.
CGG SA (NYSE:CGG) last released its earnings results on Friday, July 28th. The oil and gas company reported ($7.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($4.48) by $3.16. The firm had revenue of $349.80 million for the quarter. CGG SA had a negative return on equity of 79.24% and a negative net margin of 47.76%. Equities analysts forecast that CGG SA will post ($17.97) EPS for the current fiscal year.
About CGG SA
CGG SA (CGG) is a manufacturer of geophysical equipment. The Company provides marine, land and airborne data acquisition services, as well as a range of other geoscience services, including data imaging, geoscience and petroleum engineering consulting services, and collecting, developing and licensing geological data.
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