Report
Baptiste Lebacq

PGS : Fundamentals on track

>Underperform (target price NOK 5.6 vs NOK 5.2) - We reiterate our Underperform rating on the stock, while the momentum for the seismic segment is improving after several years of downward adjustments to capacity notably. However, it is possible to capture more leverage/pricing power in other market segments. Discipline (finally) seems to be the watchword (historically difficult in the sector). Following the 2022results publication, we have marginally revised our...
Underlying
PGS ASA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Baptiste Lebacq

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