NEW YORK, January 9, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including Royale Energy (NASDAQ: ROYL), SAExploration (NASDAQ: SAEX), Sevcon (NASDAQ: SEV), Tesco (NASDAQ: TESO), and TGC Industries (NASDAQ: TGE). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
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Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
ROYL Research Report: ( http://get.analystsreview.com/pdf/?c=Royale%20Energy&d=09-Jan-2015&s=ROYL ),
SAEX Research Report: ( http://get.analystsreview.com/pdf/?c=SAExploration&d=09-Jan-2015&s=SAEX ),
SEV Research Report: ( http://get.analystsreview.com/pdf/?c=Sevcon&d=09-Jan-2015&s=SEV ),
TESO Research Report: ( http://get.analystsreview.com/pdf/?c=Tesco&d=09-Jan-2015&s=TESO ),
TGE Research Report: ( http://get.analystsreview.com/pdf/?c=TGC%20Industries&d=09-Jan-2015&s=TGE ).
Analyst Update: Appointments, Financial Results, New Supply Agreements, Revised Guidance, and Regulatory Updates
Reviewed by: Rohit Tuli, CFA®
The U.S. markets rose for the second consecutive session on Thursday, with S&P 500 index erasing its 2015 declines, as steadying crude oil prices coupled with dovish comments from a leading U.S. Federal Reserve official further boosted the appetite for risky assets. Investors also cheered the latest U.S. unemployment data which showed that jobless claims fell last week, bolstering hopes of faster growth in the world's biggest economy this year. The Dow Jones Industrial Average also reversed this year's declines and ended higher by 1.84% at 17,907.87 on Thursday. S&P 500 jumped 1.79% to close at 2,062.14, and the Nasdaq Composite gained 1.84% to finish at 4,736.19. European shares also rose on Thursday amidst rising prospect of new stimulus from the European Central Bank. Asian equity markets were also mostly higher on Thursday, driven by strong U.S. data and hopes of fresh stimulus from ECB.
Royale Energy, Inc. (Royale Energy) - an independent oil and natural gas producer, appointed SingerLewak LLP as its Independent Registered Public Accountant after the cessation of Padgett's (Padgett, Stratemann & Co., LLP) engagement with the Company. The Company specified that during its most recent two fiscal years and from January 1, 2014 through November 19, 2014, there were no disagreements with Padgett on any matter of accounting principles or practices, financial statements disclosure, or auditing scope or procedure.
SAExploration Holdings, Inc. (SAExploration) reported a staggering top line growth of 127.3% YoY for Q3 2014, led by increased exploration activity in Peru and Alaska. The Company also trimmed its net loss for the quarter. Not expecting to achieve its previously estimated financial guidance for the year, the Company also revised its full-year 2014 outlook.
Sevcon Inc. (Sevcon) inked an agreement with a Tier-1 automotive supplier based in South East Asia, to supply motor controllers for a new line of hybrid electric passenger cars. The contract could generate up to $50 million in revenues through 2020.
Tesco Corporation (Tesco) revised its fourth quarter 2014 earnings guidance. Rapid decline in energy prices impacted drilling activity, which subsequently reduced Tesco customer's planned capital spending. The impact of these developments were experienced by the Company during Q4, leading to reduced expectations for both revenue and earnings for the quarter.
TGC Industries Inc. and Dawson Geophysical Company filed a definitive joint proxy statement/prospectus with the Securities and Exchange Commission in the first week of the New Year. The companies have commenced the mailing of definitive proxy materials in connection with the proposed strategic business combination.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
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