CGG : Acceleration in Q2 2022 to be confirmed going forward
>Neutral rating unchanged (target price € 0.95) - We are maintaining our Neutral rating on the stock (target price € 0.95). This release backs up the scenario of a gradual increase in earnings over the year. The rise in oil prices should initially benefit short-cycle projects and development capex. Subsequently, a recovery in exploration spending looks increasingly likely – even essential.The diversification strategy implemented by the group (Beyond the Core) sho...CGG is a global participant in the geophysical seismic industry. Co. manufactures geophysical equipment and provides marine, land, and airborne data acquisition services. Co. also provides geosciences services, including data imaging, seismic data characterization, geosciences and petroleum engineering consulting services, and collecting, developing and licensing geological data. Co.'s clients are in oil and gas exploration and production industies. Co. divides its activities into four segments: Equipment, Contractual Data Acquisition, Geology, Geophysics and Reservoir (GGR), and Non-Operated Resources, including eight business lines, six Corporate functions, and four Group Departments.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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