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Last $0.23 USD
Change Today +0.02 / 9.52%
Volume 51.5K
TGC On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

tengasco inc (TGC) Snapshot

Open
$0.20
Previous Close
$0.21
Day High
$0.23
Day Low
$0.20
52 Week High
10/13/14 - $0.51
52 Week Low
08/5/15 - $0.15
Market Cap
14.0M
Average Volume 10 Days
47.1K
EPS TTM
$-0.03
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. Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Tengasco Inc. announced earnings results for the second quarter and six months ended June 30, 2015. The company reported net loss from continuing operations of $76,000 or $0.00 per share of common stock during the second quarter of 2015 compared to net income from continuing operations of $377,000 or $0.01 per share of common stock during the second quarter of 2014. The $453,000 decrease in net income was primarily due to a $2.1 million decrease in revenues, partially offset by a $1.0 million decrease in production cost and taxes, a $257,000 decrease in general and administrative cost, a $53,000 decrease in DD&A, and a $292,000 decrease in associated income tax expense. The company also recognized $1.9 million in revenues during the second quarter of 2015 compared to $4.0 million during the second quarter of 2014. This revenue decrease from 2014 levels was primarily due to a $1.5 million decrease related to a $44.91 per barrel decrease in the average Kansas oil price from an average price of $96.10 per barrel during second quarter of 2014 compared to an average price of $51.19 per barrel during the second quarter of 2015, and a $514,000 decrease related to a 5.3 MBbl decrease in Kansas sales volumes. The company reported a net loss of $591,000 or $0.01 per share of common stock during the first six months of 2015 compared to net income of $802,000 or $0.01 per share of common stock during the first six months of 2014. The $1.4 million decrease in net income was primarily due to a $4.0 million decrease in revenues, partially offset by a $1.2 million decrease in production cost and taxes, a $396,000 decrease in general and administrative cost, and an $895,000 decrease in associated income tax expense. The company recognized $3.5 million in revenues during the first six months of 2015 compared to $7.5 million during the first six months of 2014. The revenue decrease from 2014 levels was primarily due to a $3.3 million decrease related to a $47.58 per barrel decrease in the average Kansas oil price from an average price of $94.22 per barrel during first six months of 2014 compared to an average price of $46.64 per barrel during the first six months of 2015, and a $633,000 decrease related to the 6.7 MBbl decrease in Kansas sales volumes.

Tengasco Eyes Acquisitions

Tengasco Inc. (AMEX:TGC) intends to make acquisitions. Michael J. Rugen, Chief Executive Officer of the company said: "During the second quarter of 2015, we continued to evaluate corporate opportunities, as well as opportunities to purchase acreage and producing properties. We believe we have started to see the beginning of distressed sales by others of producing properties and expect more of these acquisition opportunities to appear as existing price hedging begins to fall off and other producers are forced to deal directly with the realities of the current market. We intend to evaluate taking advantage of those opportunities either on our own or in joint ventures with industry partners."

Tengasco Inc. Announces Financial Results for the First Quarter Ended March 31, 2015

Tengasco Inc. announced financial results for the first quarter ended March 31, 2015. The company reported a net loss of $0.5 million or $0.01 per diluted share during the first quarter of 2015 compared to net income of $0.4 million or $0.01 per diluted share during the first quarter of 2014. The company realized revenues of approximately $1.6 million during the first quarter of 2015 compared to revenues of $3.5 million during the first quarter of 2014. During the first quarter of 2015, revenues decreased approximately $1.9 million of which $1.8 million related to a $49.91 per barrel decrease in the average oil price received from an average of $92.21 per barrel received during the first quarter of 2014 to an average of $42.30 per barrel received during the first quarter of 2015. In addition, the company experienced a $126,000 decrease in revenues related to a 1.4 MBbl decrease in net oil sales volumes from 37.0 MBbl during the first quarter of 2014 to 35.6 MBbl during the first quarter of 2015.

 

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TGC

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Valuation TGC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.3x
Price/Book 0.4x
Price/Cash Flow 15.1x
TEV/Sales 1.2x
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