ValuEngine Downgrades CGG SA (CGG) to Strong Sell

ValuEngine Downgrades CGG SA (CGG) to Strong Sell

CGG SA (NYSE:CGG) was downgraded by stock analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Friday.

Separately, Zacks Investment Research lowered CGG SA from a “buy” rating to a “hold” rating in a research report on Friday, May 26th.

CGG SA (NYSE CGG) traded up 25.78% during midday trading on Friday, hitting $6.83. The stock had a trading volume of 116,148 shares. CGG SA has a 52 week low of $5.29 and a 52 week high of $30.08. The stock’s market cap is $151.17 million. The company has a 50-day moving average price of $6.48 and a 200-day moving average price of $9.81.

CGG SA (NYSE:CGG) last issued its quarterly earnings data on Friday, March 3rd. The oil and gas company reported ($12.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($3.26) by $9.35. The company had revenue of $328.30 million for the quarter. CGG SA had a negative return on equity of 25.00% and a negative net margin of 38.00%. Equities analysts expect that CGG SA will post ($17.97) EPS for the current year.

A hedge fund recently raised its stake in CGG SA stock. Morgan Stanley boosted its stake in shares of CGG SA (NYSE:CGG) by 25.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,501 shares of the oil and gas company’s stock after buying an additional 3,800 shares during the period. Morgan Stanley owned approximately 0.08% of CGG SA worth $130,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 0.05% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CGG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

To view ValuEngine’s full report, visit ValuEngine’s official website.

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