Corning (GLW) EPS Estimated At $0.47; Tengasco (NYSEAMERICAN:TGC) Shorts Decreased By 58.61%

January 17, 2018 - By Adrian Mccoy

Analysts expect Corning Incorporated (NYSE:GLW) to report $0.47 EPS on January, 23.They anticipate $0.03 EPS change or 6.00% from last quarter’s $0.5 EPS. GLW’s profit would be $408.45 million giving it 18.30 P/E if the $0.47 EPS is correct. After having $0.43 EPS previously, Corning Incorporated’s analysts see 9.30% EPS growth. The stock decreased 0.72% or $0.25 during the last trading session, reaching $34.41. About 9.86 million shares traded or 81.63% up from the average. Corning Incorporated (NYSE:GLW) has risen 53.38% since January 17, 2017 and is uptrending. It has outperformed by 36.68% the S&P500.

Tengasco Incorporated (NYSEAMERICAN:TGC) had a decrease of 58.61% in short interest. TGC’s SI was 40,400 shares in January as released by FINRA. Its down 58.61% from 97,600 shares previously. With 88,400 avg volume, 1 days are for Tengasco Incorporated (NYSEAMERICAN:TGC)’s short sellers to cover TGC’s short positions. The SI to Tengasco Incorporated’s float is 0.83%. The stock decreased 8.62% or $0.0724 during the last trading session, reaching $0.7676. About 20,844 shares traded. Tengasco, Inc. (NYSEAMERICAN:TGC) has declined 31.06% since January 17, 2017 and is downtrending. It has underperformed by 47.76% the S&P500.

Tengasco, Inc., together with its subsidiaries, explores for and produces oil and natural gas in the United States. The company has market cap of $8.15 million. It primarily holds interests in the gas and oil properties located in Kansas. It currently has negative earnings. As of December 31, 2016, the firm had 177 producing oil wells, 23 shut-in wells, and 38 active disposal wells.

Since August 24, 2017, it had 0 insider buys, and 7 selling transactions for $12.68 million activity. 6,513 Corning Incorporated (NYSE:GLW) shares with value of $205,778 were sold by TOOKES HANSEL E II. 248,857 shares were sold by WEEKS WENDELL P, worth $7.81 million on Tuesday, October 31. Musser Eric S also sold $945,178 worth of Corning Incorporated (NYSE:GLW) on Wednesday, October 25. 33,000 Corning Incorporated (NYSE:GLW) shares with value of $942,619 were sold by Pambianchi Christine M. The insider RIEMAN DEBORAH sold 2,083 shares worth $66,979. Another trade for 46,763 shares valued at $1.33 million was sold by Kinlin Clark S. 48,125 shares valued at $1.38M were sold by McRae Lawrence D on Wednesday, August 30.

Corning Incorporated manufactures and sells specialty glasses, ceramics, and related materials in North America, the Asia Pacific, Europe, and internationally. The company has market cap of $29.90 billion. The firm operates through five divisions: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences. It has a 14.39 P/E ratio. The Display Technologies segment makes glass substrates for liquid crystal displays used in LCD televisions, notebook computers, and flat panel desktop monitors.

Investors sentiment decreased to 0.75 in 2017 Q3. Its down 0.17, from 0.92 in 2017Q2. It fall, as 64 investors sold Corning Incorporated shares while 339 reduced holdings. 66 funds opened positions while 235 raised stakes. 610.60 million shares or 2.66% less from 627.26 million shares in 2017Q2 were reported. Asset Management reported 0.06% stake. Bonness Enter Inc has 1.24% invested in Corning Incorporated (NYSE:GLW) for 58,000 shares. Commonwealth Equity Serv has invested 0.1% in Corning Incorporated (NYSE:GLW). Putnam Fl Inv holds 30,470 shares. Credit Suisse Ag holds 1.54M shares or 0.04% of its portfolio. First Personal Fin Service has invested 0% in Corning Incorporated (NYSE:GLW). 55,590 are owned by Douglass Winthrop Advsr Ltd Liability Com. 285 are held by Ruggie Cap Group. Waldron Lp reported 8,683 shares stake. Cedar Hill Ltd Llc stated it has 1.62% in Corning Incorporated (NYSE:GLW). First City Management Inc holds 27,000 shares or 0.56% of its portfolio. Cacti Asset Mngmt Lc has invested 4.43% in Corning Incorporated (NYSE:GLW). Northwestern Mutual Wealth Management accumulated 37,476 shares or 0.01% of the stock. Everence Capital Inc invested in 0.14% or 20,828 shares. Brown Advisory holds 0.02% or 232,191 shares in its portfolio.

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