Societe Generale upgraded shares of CGG (NYSE:CGG) from a hold rating to a buy rating in a research note issued to investors on Monday, MarketBeat Ratings reports.

Shares of CGG stock opened at $1.94 on Monday. CGG has a one year low of $1.88 and a one year high of $7.67. The company has a current ratio of 0.36, a quick ratio of 0.30 and a debt-to-equity ratio of 0.10. The stock has a market cap of $44.49, a price-to-earnings ratio of -0.09 and a beta of 2.40.

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CGG (NYSE:CGG) last posted its quarterly earnings results on Friday, March 9th. The oil and gas company reported ($1.12) EPS for the quarter. CGG had a negative return on equity of 66.78% and a negative net margin of 39.01%. The company had revenue of $400.70 million for the quarter.

The business also recently declared a … dividend, which was paid on Monday, March 19th. Stockholders of record on Monday, March 12th were issued a dividend of $0.2779 per share. The ex-dividend date was Friday, March 9th. CGG’s dividend payout ratio is presently -6.43%.

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About CGG

CGG SA (CGG) is a manufacturer of geophysical equipment. The Company provides marine, land and airborne data acquisition services, as well as a range of other geoscience services, including data imaging, geoscience and petroleum engineering consulting services, and collecting, developing and licensing geological data.

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