Last $5.52 USD
Change Today +0.06 / 1.10%
Volume 13.6K
TGE On Other Exchanges
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Berlin
NASDAQ GS
As of 12:20 PM 04/24/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

101 East Park Boulevard

Suite 955

Plano, TX 75074

United States

Phone: 972-881-1099

Fax: 972-424-3943

TGC Industries, Inc. engages in the geophysical service business of conducting three-dimensional (3-D) surveys for clients in the oil and gas business. Equipment and Crews The company is a provider of seismic data acquisition services throughout the continental United States and Canada. As of December 31, 2012, the company operated 14 seismic crews consisting of 9 crews in the U.S. and 5 crews in Canada. These seismic crews supply seismic data primarily to companies engaged in the exploration and development of oil and natural gas on land and in land-to-water transition areas. Its wholly owned subsidiary, Eagle Canada, Inc.’s (Eagle Canada), seismic acquisition services are also used by the potash mining industry in Canada, and Eagle Canada has particular expertise through its heliportable capabilities. The company acquires geophysical data using the latest in 3-D survey techniques. The company introduces acoustic energy into the ground by using vibration equipment or dynamite detonation, depending on the surface terrain and subsurface requirements. The reflected energy, or echoes, is received through geophones, converted into a digital signal at a multi-channel recording unit, and then transmitted to a central recording vehicle. Subsurface requirements dictate the number of channels necessary to perform its services. With its seismic equipment, including computer technology and multiple channels, the company acquires, immense volumes of seismic data that, when processed and interpreted, produce more precise images of the earth’s subsurface. The company owns equipment for 16 land-based seismic data acquisition crews and 73 vibration vehicles. Each crew consists of approximately 40 to 80 technicians with associated vehicles, geophones, a seismic recording system, energy sources, cables, and various other equipment. Each ARAM crew has one central recording vehicle which captures seismic data. The GSR and GSX crews utilize a recorder to manage the data acquisition while the individual system captures and holds the data until they are placed in the Data Transfer Module. The data is then transferred to a CD ROM or data tape which is delivered to a data processing center selected by the customer. Customers The company’s customers are major and independent oil and natural gas exploration and development companies. Competition The company’s primary competitors are Dawson Geophysical Company, Geokinetics, Inc. and CGG-Veritas. History TGC Industries, Inc. was founded in 1967.

 

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CGG SA €12.04 EUR +0.185
Dawson Geophysical Co $28.67 USD +0.41
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Industry Analysis

TGE

Industry Average

Valuation TGE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.9x
Price/Book 1.7x
Price/Cash Flow 6.5x
TEV/Sales 0.6x
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