Tengasco Stock Soars Higher (TGC)

NEW YORK ( TheStreet) -- Shares of Tengasco (AMEX: TGC) have taken a tremendous swing upward. The stock is trading at $1.03 as of 12:16 p.m. ET, 22.6% above Tuesday's closing price of 84 cents. Volume is at 3.6 million, 7.8 times the daily average of 464,200.

Tengasco has a market cap of $49.8 million and is part of the basic materials sector and energy industry. Shares are up 31.3% year to date as of the close of trading on Tuesday.

Tengasco, Inc. engages in the exploration and production of oil and natural gas in Kansas and Tennessee. The company also leases producing and non-producing properties for exploration and development activities. The company has a P/E ratio of 82, above the S&P 500 P/E ratio of 21.9.

TheStreet Ratings rates Tengasco as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. You can view the full Tengasco Ratings Report.

See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center.

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