Notable Reporting: What’s Ahead for CGG SA (ADR) After Making All-Time Low?

Notable Reporting: What's Ahead for CGG SA (ADR) After Making All Time Low?

The stock of CGG SA (ADR) (NYSE:CGG) reached all time low today, Nov, 8 and still has $15.66 target or 13.00% below today’s $18.00 share price. This indicates more downside for the $383.87 million company. This technical setup was reported by If the $15.66 PT is reached, the company will be worth $49.90 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 15,703 shares traded hands or 796.80% up from the average. CGG SA (ADR) (NYSE:CGG) has risen 7.83% since April 5, 2016 and is uptrending. It has outperformed by 5.88% the S&P500.

According to Zacks Investment Research, “CGG operates as a Geoscience company. It provides geophysical services and software products and manufactures geophysical equipment. The Company primarily operates in the Americas, Asia-Pacific, Europe, the former Soviet Union, and Africa. CGG is based in France.”

More notable recent CGG SA (ADR) (NYSE:CGG) news were published by: which released: “CGG ADR CGG (US: NYSE)” on February 16, 2011, also with their article: “CGG SA Soars On Buyout Rumor” published on November 19, 2014, published: “22 Stocks Moving In Tuesday’s Pre-Market Session” on November 08, 2016. More interesting news about CGG SA (ADR) (NYSE:CGG) were released by: and their article: “Mid-Morning Market Update: Markets Open Lower; CVS Health Issues Weak Guidance” published on November 08, 2016 as well as‘s news article titled: “Neos to Acquire the Multi-Physics Business from CGG” with publication date: April 29, 2016.

CGG Company Profile

CGG SA (CGG), incorporated on March 30, 1984, is a maker of geophysical equipment. The Firm is a well-known provider of marine, land and airborne data acquisition services. The Firm is a well-known provider of a range of other geoscience services, including data imaging, seismic data characterization, geoscience and petroleum engineering consulting services, and collecting, developing and licensing geological data. The Company’s clients include independent, international and national oil companies. The Company’s business lines include Equipment, Marine Acquisition, Land Acquisition, Multi-Physics, Multi-Client and New Ventures, Subsurface Imaging, GeoSoftware and GeoConsulting. The Firm operates through four divisions: Contractual Data Acquisition; Geology, Geophysics & Reservoir (GGR); Equipment, and Non-Operated Resources. The Contractual Data Acquisition includes marine, and land and multi-physics. The GGR segment includes the Multi-client business line (development and management of seismic surveys that it undertakes and licenses to a range of clients on a non-exclusive basis) and the Subsurface Imaging and Reservoir business lines (processing and imaging of geophysical data, reservoir characterization, geophysical consulting and software services, geological data library and data management solutions). The Equipment segment consists of its manufacturing and sales activities for seismic equipment used for data acquisition, both on land and marine. The Non-Operated Resources segment consists of the costs of the non-operated marine resources, as well as all the costs of its Transformation Plan.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.


Related posts

Leave a Comment