Zacks Investment Research upgraded shares of MITCHAM INDS (MIND) from UNDERPERFORM to NEUTRAL on September 13, 2012, with a target price of $18.40.
MITCHAM INDUSTRIES, INC. specializes in the leasing and sale of seismic equipment to the oil and gas industry. Company provides short-term leasing of peripheral seismic equipement to meet a customer's requirements, as well as offering maintenance and support during the lease term. Company leases its seismic equipment primarily to land-based seismic data acquisition companies and major oil and gas exploration companies conducting seismic data acquisition surveys in North and South America. Company also sells and services new and used seismic data acquisition systems and peripheral equipment to companies.
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