Report
Baptiste Lebacq

PGS : Overall caution maintained on seismic

>Cautious view prevails on seismic - We maintain our Underperform rating on the stock. Indeed, we believe that the upturn in investment in the seismic business should take longer and prove more difficult than in other segments. The bankruptcy of competitor Polarcus could facilitate a rebalancing of the market if its vessels are forced to exit the market for good. All told, we have adjusted upwards our 2021e-2023e EBITDA sequence by 5% and raised our target pri...
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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