TGS TGS-NOPEC Geophysical Company ASA

TGS: Mandatory notification of trade

TGS: Mandatory notification of trade

OSLO, Norway(10 January 2024) – Kristian Johansen, Chief Executive Officer, has today purchased 4,500 shares in TGS ASA at a price of NOK 109.61 per share. Following this, he directly and indirectly holds 175,281 shares in TGS ASA.

This information is subject to the disclosure requirements in article 19 of the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.



EN
10/01/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on TGS-NOPEC Geophysical Company ASA

ABGSC Oil & Oil Services Research ... (+2)
  • ABGSC Oil & Oil Services Research
  • John Olaisen

Merger with PGS just around the corner

Only marginal changes after Q1. We are confident that the outlook is bright. Attractive valuation for combined entity: BUY, TP NOK of 180 (unch).

Steffen Evjen
  • Steffen Evjen

TGS (Hold, TP: NOK125.00) - Few reasons to engage near-term

Given a more muted near-term outlook, we expect cuts to consensus for the Acquisition business, but also soft utilisation of the soon-to-be-acquired PGS vessels in Q2, leaving investors few reasons to buy the stock near-term. We therefore reiterate our HOLD but have cut our target price to NOK125 (130) on our lower 2024–2026e proprietary revenue estimates.

ABGSC Oil & Oil Services Research ... (+2)
  • ABGSC Oil & Oil Services Research
  • John Olaisen
 PRESS RELEASE

TGS Quarterly Dividend

TGS Quarterly Dividend OSLO, NORWAY (8 May 2024) – Following the authorization from the Annual General Meeting on 10 May 2023, the Board of TGS ASA has resolved to distribute a quarterly dividend of the NOK equivalent of USD 0.14 per share (NOK 1.52 per share) in Q2 2024. Key information relating to the cash dividend: Dividend amount and declared currency: USD 0.14 per share (equivalent to NOK 1.52 per share)Last trading day including right: 15 May 2024 Ex-date: 16 May 2024Record date: 21 May 2024Payment date: 3 June 2024 Date of approval: 7 May 2024            Company Summary      TGS ...

 PRESS RELEASE

TGS Announces Q1 2024 Results

TGS Announces Q1 2024 Results OSLO, Norway (8 May 2024) - TGS today reported interim financial results for Q1 2024. The quarter reflected a strong development in multi-client late sales and high POC early sales rate, resulting in solid profitability in POC financials. Financial highlights: POC revenues (1) were USD 227 million compared to USD 229 million in Q1 2023 POC EBITDA of USD 143 million versus USD 119 million in Q1 2023POC operating result was USD 40 million compared to USD 25 million in Q1 2023 Contract inflow of USD 140 million during Q1 2024 compared to USD 248 million ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch