NEW YORK ( TheStreet) -- Shares of Tengasco (AMEX: TGC) were gapping up Monday morning with an open price 14.3% higher than Friday's closing price. The stock closed at $1.05 Friday and opened today's trading at $1.20. The average volume for Tengasco has been 916,800 shares per day over the past 30 days. Tengasco has a market cap of $65.5 million and is part of the basic materials sector and energy industry. Shares are up 64.1% year to date as of the close of trading on Friday. 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 108, above the S&P 500 P/E ratio of 15.8. 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. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.
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