What’s Ahead for CGG (CGG) After Today’s Significant Increase?

April 1, 2018 - By Adrian Erickson


The stock of CGG (NYSE:CGG) is a huge mover today! The stock increased 10.10% or $0.21 during the last trading session, reaching $2.29. About 126,353 shares traded or 100.70% up from the average. CGG (NYSE:CGG) has declined 63.05% since April 1, 2017 and is downtrending. It has underperformed by 74.60% the S&P500.
The move comes after 7 months positive chart setup for the $1.32B company. It was reported on Apr, 1 by Barchart.com. We have $2.43 PT which if reached, will make NYSE:CGG worth $79.44M more.

CGG, a geoscience company, provides data imaging, seismic data characterization, geoscience, and petroleum engineering consulting services to the gas and oil exploration and production industry in North America, the Central and South Americas, Europe, Africa, the Middle East, and the Asia Pacific. The company has market cap of $1.32 billion. It operates in Equipment; Contractual Data Acquisition; and Geology, Geophysics & Reservoir divisions. It currently has negative earnings. The Equipment segment develops and produces seismic equipment in the land and marine seismic markets, and offers customer support services.

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