Report
Baptiste Lebacq

PGS : Progress on debt rescheduling pending a recovery

>Reduce recommendation maintained, target price NOK 2.7 vs 3 - We maintain our Reduce recommendation on the stock (target price NOK 2.7 vs 3) and we cut our earnings forecasts post 2020. The gamble on debt rescheduling should pay off with the first maturities now scheduled for September 2022. This was a point on which the market was focused in the short term, however, in the medium term, the magnitude of the rebound remains difficult to validate. At this stage, t...
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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