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Last $0.24 USD
Change Today -0.01 / -4.00%
Volume 13.2K
As of 11:30 AM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

tengasco inc (TGC) Snapshot

Open
$0.25
Previous Close
$0.25
Day High
$0.26
Day Low
$0.24
52 Week High
06/23/14 - $0.52
52 Week Low
03/25/15 - $0.23
Market Cap
14.6M
Average Volume 10 Days
38.4K
EPS TTM
$-0.0031
Shares Outstanding
60.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for TENGASCO INC (TGC)

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tengasco inc (TGC) Details

Tengasco, Inc., together with its subsidiaries, engages in the exploration for and production of oil and natural gas in the United States. It primarily holds interests in the oil and gas properties located in Kansas. As of December 31, 2014, the company had 196 producing oil wells, 16 shut-in wells, and 37 active disposal wells. It also operates treatment and delivery facilities in Church Hill, Tennessee for the extraction of methane gas from a landfill for sale as natural gas and for the generation of electricity. The company was formerly known as Onasco Companies, Inc. and changed its name to Tengasco, Inc. in 1995. Tengasco, Inc. was founded in 1916 and is headquartered in Greenwood Village, Colorado.

17 Employees
Last Reported Date: 03/30/15
Founded in 1916

tengasco inc (TGC) Top Compensated Officers

Interim Chief Executive Officer, Chief Financ...
Total Annual Compensation: $255.1K
Vice President, General Counsel and Secretary
Total Annual Compensation: $142.9K
Compensation as of Fiscal Year 2014.

tengasco inc (TGC) Key Developments

Tengasco Inc. Reports Earnings Results for the Year Ended December 31, 2014

Tengasco Inc. reported earnings results for the year ended December 31, 2014. The company reported net loss from continuing operations of $0.8 million or $0.01 per share in 2014 compared to net income from continuing operations of $3.0 million or $0.05 per share in 2013. Included in the 2014 net loss was a $2.8 million ($1.7 million net of tax effect) non-cash impairment of the Company's Manufactured Methane facilities. Net income from continuing operations before effect of impairment was $0.9 million or $0.02 per share in 2014. The company realized revenues of approximately $13.8 million in 2014 compared to $15.7 million in 2013. During 2014, revenues decreased approximately $1.9 million of which $1.2 million was related to decreases in oil sales volumes from 166.2 MBbl in 2013 to 153.5 MBbl in 2014.

Tengasco Inc. Adopts Amendment to the Bylaws

The Board of Directors of Tengasco Inc. adopted an amendment to the Bylaws of the company on November 13, 2014 to be effective immediately. The amendment primarily states that the sole and exclusive forum for certain specified actions shall be a state or federal court located within the state of Delaware.

Tengasco Inc. Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Tengasco Inc. announced earnings results for the third quarter and nine months ended September 30, 2014. The company reported net income from continuing operations of $425,000 or $0.01 per share of common stock during the quarter compared to net income from continuing operations of $535,000 or $0.01 per share of common stock during the third quarter of 2013. The company recognized $3.6 million in revenues during the quarter compared to $4.0 million during the third quarter of 2013. The revenue decrease from 2013 levels was primarily due to a $336,000 decrease related to a $8.70 decrease in the average Kansas oil price from an average price of $99.01 per barrel during third quarter of 2013 compared to an average price of $90.31 per barrel during the third quarter of 2014, a $99,000 decrease in Swan Creek revenues as these properties were sold in August 2013, a $33,000 decrease related to approximately a 300 Bbl decrease in Kansas sales volumes, partially offset by a $50,000 increase in methane facility revenues due to increased facility run time. The company reported net income from continuing operations of $1.2 million, or $0.02 per share of common stock during the first nine months of 2014 compared to net income from continuing operations of $2.3 million or $0.04 per share of common stock during the first nine months of 2013. The $1.1 million decrease in net income from continuing operations was primarily due to a $1.1 million decrease in revenues, a $648,000 increase in production cost and taxes, and a $622,000 increase in general and administrative expense, partially offset by a $241,000 decrease in interest expense, and a $1.1 million decrease in associated income tax expense. The company recognized $11.1 million in revenues during the period compared to $12.2 million of revenues recognized during the first nine months of 2013. This $1.1 million decrease in net revenue was due primarily to a $1.0 million decrease related to the 11 MBbl decrease in Kansas sales volumes, a $396,000 reduction in Swan Creek revenues due to the sale of Swan Creek in August 2013, partially offset by a $218,000 increase related to a $1.90 per barrel increase in the average Kansas oil price from $91.00 per barrel during the first nine months of 2013 to $92.90 per barrel during the first nine months of 2014, and a $64,000 increase in methane facility revenues primarily as a result of increased facility run time.

 

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TGC

Industry Average

Valuation TGC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.1x
Price/Book 0.5x
Price/Cash Flow 7.1x
TEV/Sales 1.1x
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