CGG (NYSE:CGG) released its quarterly earnings data on Friday, July 28th. The oil and gas company reported ($7.64) earnings per share for the quarter, missing the consensus estimate of ($4.48) by $3.16, Morningstar.com reports. The company had revenue of $349.80 million for the quarter. CGG had a negative return on equity of 62.43% and a negative net margin of 57.05%.
Shares of CGG (NYSE:CGG) traded down 0.4737% during mid-day trading on Tuesday, hitting $3.9711. The company had a trading volume of 2,976 shares. The company’s market capitalization is $87.89 million. CGG has a one year low of $3.81 and a one year high of $29.70. The firm’s 50-day moving average price is $4.55 and its 200 day moving average price is $6.88.
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Several equities research analysts have recently weighed in on CGG shares. Zacks Investment Research raised CGG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 8th. ValuEngine cut CGG from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd.
CGG Company Profile
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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