TGC Industries, Inc. (TGE) news stock charts
TGC Industries, Inc. (TGE) Investment Summary:
TGC Industries, Inc. (“TGC” or the “Company”) is a Texas corporation primarily engaged in the geophysical service business of conducting Three-D (“3-D”) surveys for clients in the oil and gas business. TGC’s principal business office is located at 101 E. Park Blvd., Suite 955, Plano, Texas 75074 (Telephone: 972-881-1099). History In April of 1980, Supreme Industries, Inc. (“Supreme”), formerly ESI Industries, Inc., formed a wholly-owned subsidiary, Tidelands Geophysical Co., Inc. (“Tidelands”), that acquired certain equipment, instruments, and related supplies from a Houston-based corporation that was engaged in the business of conducting seismic, gravity, and magnetic surveys under contracts for oil and natural gas companies. On June 30, 1986, the Boards of Directors of Supreme and Tidelands approved a spin-off of substantially all of the shares of Tidelands owned by Supreme which were distributed as a stock dividend to Supreme’s security holders. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f14%2f0001104659-08-017689.html#FIS_BUSINESS"www.tgcseismic.com
Founded in 1967
T.G.C. INDUSTRIES INC (TGE:NASDAQ)
LAST $4.28 USD
CHANGE TODAY +0.07 1.66%
VOLUME 76.2K
As of 8:10 PM 03/19/10 All times are local (Market data is delayed by at least 15 minutes).
Snapshot of T.G.C. INDUSTRIES INC (TGE)
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OPEN
$4.25
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PREVIOUS CLOSE
$4.21
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DAY HIGH
$4.35
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DAY LOW
$4.15
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52 WEEK HIGH
05/11/09 - $5.75
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52 WEEK LOW
03/25/09 - $1.76
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MARKET CAP
78.3M
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AVERAGE VOLUME 10 D
51.6K
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EPS TTM
$0.10
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SHARES OUTSTANDING
18.3M
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TGE Does Not Pay Dividends
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P/E TTM
44.3x
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Key developments for T.G.C. INDUSTRIES INC (TGE)
TGC Industries Inc. expected to Report Q1 2010 Results on April 26, 2010. This event was calculated by Capital IQ (Created on March 4, 2010).
03/4/2010
TGC Industries Inc. expected to Report Q1 2010 Results on April 26, 2010. This event was calculated by Capital IQ (Created on March 4, 2010).
Tgc Industries Inc. Reports Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2009
03/1/2010
TGC Industries Inc. reported unaudited earnings results for the fourth quarter and year ended December 31, 2009. For the quarter, the company's revenues were $15.7 million compared to $24.1 million in the fourth quarter of 2008. Revenues declined 34.7% year over year, primarily due to continued diminished demand and a competitive pricing environment for seismic services. The company reported a net loss of $2.7 million, or $0.15 per share, compared to net income of $2.2 million, or $0.12 per diluted share, in the fourth quarter of 2008. Fourth quarter 2009 EBITDA (earnings before net interest expense, taxes, depreciation, and amortization) was a loss of $88,000 compared to $7.6 million in last year's fourth quarter. Loss from operations for the 2009 fourth quarter was $3.8 million compared to income from operations of $3.8 million in the fourth quarter of 2008. Loss before income taxes for the quarter of 2009 was $4.1 million against income before income taxes of $3.5 million for the same quarter of 2008. For the year, the company's revenues increased 4.2% to $90.4 million from $86.8 million in 2008. Full year net income was $1.9 million, or $0.10 per diluted share, compared to $6.9 million, or $0.38 per diluted share, for 2008. 2009 EBITDA was $19.5 million, or 21.6% of revenues, compared to $26.4 million, or 30.4% of revenues, for 2008. Income from operations for the year was $4.91 million against $12.455 million for the year 2008. Income before income taxes for the year 2009 was $3.89 million against $11.525 million for the year 2008.
TGC Industries Inc. to Report Q4, 2009 Results on 03/01/2010
02/8/2010
TGC Industries Inc. announced that they will report Q4, 2009 results on 03/01/2010
TGC Industries, Inc. financial resources
More Recent Financial News About TGC Industries, Inc.
TGC Industries Reports Fourth Quarter and Year-End 2009 Results
2010-03-03 01:59:34
Quote: Â Wayne Whitener, TGC Industries' President and Chief Executive Officer, said, "We continued to experience reduced demand for our services and a competitive pricing environment during the fourth quarter. Â In response, we continued to optimize our utilization, keeping our crew count aligned with expected demand from our customers, and operated four crews in the lower 48 states throughout the fourth quarter. Â We also operated three crews in Canada for the portion of the quarter subsequent...Read article
TGC Industries Announces Fourth Quarter and Year-End 2009 Earnings Release and Conference Call Schedule
2010-03-03 01:59:33
Quote: What:TGC Industries Fourth Quarter Earnings Conference CallWhen:Monday, March 1, 2010 – 9:30 a.m. eastern / 8:30 a.m. centralHow:Live via phone by dialing 480-629-9819 and asking for the TGC Industries call at least 10 minutes prior to the start time, or live over the Internet by logging onto the web at the address belowWhere:http://www.tgcseismic.comA telephonic replay of the conference call will be available through March 15, 2010 and may be accessed by calling 303-590-3030 using passco...Read article
TGC Industries Reports Fourth Quarter and Year-End 2009 Results
2010-03-02 05:50:30
Quote: Â Wayne Whitener, TGC Industries' President and Chief Executive Officer, said, "We continued to experience reduced demand for our services and a competitive pricing environment during the fourth quarter. Â In response, we continued to optimize our utilization, keeping our crew count aligned with expected demand from our customers, and operated four crews in the lower 48 states throughout the fourth quarter. Â We also operated three crews in Canada for the portion of the quarter subsequent...Read article
TGC INDUSTRIES INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibi
2010-03-02 05:50:29
Quote: Item 2.02.Results of Operations and Financial Condition.
Attached hereto as Exhibit 99.1 is a copy of a press release (the "Press
Release") issued by TGC Industries, Inc. ("TGC") on March 1, 2010, announcing
its financial results for the fourth quarter 2009 and the year ended
December 31, 2009.The Press Release is incorporated by reference into this
Item 2.02, and the foregoing description of the Press Release is qualified in
its entirety by reference to this exhibit.
The Pr...Read article
TGC Industries Announces Fourth Quarter and Year-End 2009 Earnings Release and Conference Call Schedule
2010-03-02 05:50:29
Quote: What:TGC Industries Fourth Quarter Earnings Conference CallWhen:Monday, March 1, 2010 – 9:30 a.m. eastern / 8:30 a.m. centralHow:Live via phone by dialing 480-629-9819 and asking for the TGC Industries call at least 10 minutes prior to the start time, or live over the Internet by logging onto the web at the address belowWhere:http://www.tgcseismic.comA telephonic replay of the conference call will be available through March 15, 2010 and may be accessed by calling 303-590-3030 using passco...Read article
TGC Industries Announces Fourth Quarter and Year-End 2009 Earnings Release and Conference Call Schedule
2010-02-17 02:42:05
Quote: What:TGC Industries Fourth Quarter Earnings Conference CallWhen:Monday, March 1, 2010 – 9:30 a.m. eastern / 8:30 a.m. centralHow:Live via phone by dialing 480-629-9819 and asking for the TGC Industries call at least 10 minutes prior to the start time, or live over the Internet by logging onto the web at the address belowWhere:http://www.tgcseismic.comA telephonic replay of the conference call will be available through March 15, 2010 and may be accessed by calling 303-590-3030 using passco...Read article
TGC Industries Announces Fourth Quarter and Year-End 2009 Earnings Release and Conference Call Schedule
2010-02-09 08:05:05
Quote: What:TGC Industries Fourth Quarter Earnings Conference CallWhen:Monday, March 1, 2010 – 9:30 a.m. eastern / 8:30 a.m. centralHow:Live via phone by dialing 480-629-9819 and asking for the TGC Industries call at least 10 minutes prior to the start time, or live over the Internet by logging onto the web at the address belowWhere:http://www.tgcseismic.comA telephonic replay of the conference call will be available through March 15, 2010 and may be accessed by calling 303-590-3030 using passco...Read article
TGC INDUSTRIES INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhibits
2010-01-19 04:16:14
Quote: Item 1.01 - Entry into a Material Definitive Agreement
Amendment to Credit Facility
On September 16, 2009, TGC Industries, Inc. ("TGC" or the "Company") entered
into an Amended and Restated Loan and Security Agreement (the "Loan Agreement")
for the purpose ofrenewing and extending the Company's line of credit with its
lender, Sovereign Bank, a Texas state bank.In connection with such Loan
Agreement, TGC signed an Amended and Restated Promissory Note (the "No...Read article
TGC Industries to Present at the Pritchard Capital Seventh Annual Energize Conference
2009-12-25 02:53:25
Quote: 21 /PRNewswire-FirstCall/ -- TGC Industries, Inc. (Nasdaq: TGE) today announced that the Company will be presenting at the Pritchard Capital Seventh Annual Energize Conference to be held in San Francisco, California on January 6 - 8, 2010. Wayne Whitener, President and Chief Executive Officer is scheduled to present on Friday, January 8, 2010 at 8:50 a.m. Pacific Time (11:50 a.m. Eastern Timewww.tgcseismic.comapproximately 90 days. TGC Industries, Inc., based in Plano, Texas, with branch offices...Read article
TGC Industries Announces the Acquisition of Eagle Canada
2009-11-30 02:28:29
Quote: ("Eagle Canada"), a provider of seismic data and surveying services to the Canadian energy industry based in Calgary, Alberta Canada.TGC Industries purchased all of the outstanding stock of Eagle Canada for a total purchase price of $10.3 million, which was paid from existing cash.Eagle Canada generated revenues of $26.5 million in 2008.The transaction closed on October 16, 2009.Eagle Canada was a wholly-owned subsidiary of Eagle Geophysical, Inc. and Eagle Geophysical Onshore, Inc.Eagle Canada ...Read article
TGC Industries acquires Eagle Canada
2009-11-30 02:28:28
Quote: TGC Industries Inc.has acquired seismic data and surveying services company Eagle Canada Inc. for $10.3 million in cash, the oil and gas services company said Monday.Canada-based Eagle Canada, a wholly-owned subsidiary of Eagle Geophysical Inc. and Eagle Geophysical Onshore Inc., provides the oil and gas industry with seismic acquisition services. Eagle Canada posted a revenue of $26.5 million last year.Plano-based TGC Industries said the addition of Eagle Canada allows the company to gain acces...Read article
TGC Industries Reports Third Quarter 2009 Results
2009-11-30 02:28:27
Quote: TGENews) today announced financial results for the third quarter of 2009.Revenues fell to $16.1 million from $21.6 million in the third quarter of 2008.The Company reported a net loss of $1.7 million, or ($0.09) per share, compared to net income of $1.9 million, or $0.10 per diluted share, in the third quarter of 2008.(All per share amounts have been adjusted to reflect the five percent stock dividend paid on May 12, 2009 to shareholders of record as of April 28, 2009.)Third quarter 2009 EBITDA*...Read article
TGC INDUSTRIES INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Completion of Acquisition or Dispo
2009-11-30 02:28:27
Quote: ("Eagle Canada"), is in the business of providing seismic
data and surveying services to the Canadian energy industry and has its
principal place of business located in Calgary, Alberta, Canada.Eagle Canada,
which is not involved in the bankruptcy proceeding in Houston, Texas, is a
wholly-owned subsidiary of the Debtors.By Order dated October 14, 2009, the
Bankruptcy Court approved the sale of the Eagle Canada stock by the Debtors to
TGC Industries, Inc. ("TGC") and authorize...Read article
TGC INDUSTRIES INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibi
2009-11-30 02:28:26
Quote: Item 2.02.Results of Operations and Financial Condition.
Attached hereto as Exhibit 99.1 is a copy of the press release (the "Press
Release") issued by TGC Industries, Inc. ("TGC") on November 2, 2009, announcing
its financial results for the third quarter of 2009.The Press Release is
incorporated by reference into this Item 2.02, and the foregoing description of
the Press Release is qualified in its entirety by reference to this exhibit.
The Press Release contains "non...Read article
TGC Industries, Inc. Q3 2009 Earnings Call Transcript
2009-11-30 02:28:25
Quote: TGC Industries, Inc. (TGE)
Q3 2009 Earnings Call
November 2, 2009 9:30 am ET
Executives
Jack Lascar – DRG&E
Wayne A. Whitener – President, Chief Executive Officer & Director
James Kevin Brata – Chief Financial Officer, Vice President, Treasurer & Secretary
Analysts
Terese Fabian – Sidoti & Company
[Neal Damon – Wonderless Securities]
[Benny Alexandria] – Pritchard Capital Partners
Presentation
Operator
Welcome to the TGC Industries...Read article
TGC INDUSTRIES INC Files SEC form 10-Q, Quarterly Report
2009-11-30 02:28:20
Quote: (the "Debtors") are
currently debtors in a Chapter 11 bankruptcy proceeding in Houston, Texas.
Eagle Canada, Inc., a Delaware corporation ("Eagle Canada"), is in the business
of providing seismic data and surveying services to the Canadian energy industry
and has its principal place of business located in Calgary, Alberta, Canada.
Eagle Canada, which was not involved in the bankruptcy proceeding in Houston,
Texas, was a wholly-owned subsidiary of the Debtors.By Order dated Oc...Read article
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