PGS : Results shy of expectations and backlog under pressure
>Cautious recommendation maintained and revised target price of NOKÂ 26 - We are sticking with our cautious stance on the stock. The correction following the earnings release does not offer an entry point in our view. In fact, following the adjustments to our sequence of earnings estimates, our new target price (still based on a 2019e EBITDA multiple of 3.5x) works out at NOKÂ 26. Oil companies are likely, in our view, to favour investment in project developments that ...Petroleum Geo-Services is engaged in providing geophysical services and oil and gas production services. As of Dec. 31, 2001, Co. operated six Ramform design vessels in its marine seismic data acquisition operations.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.