Report
Baptiste Lebacq

PGS : Take-off proving tough

>Cautious outlook maintained - We are maintaining our Underperform rating on the stock (despite a 15% decline since the Q1 2021 results publication and a YTD performance of -22%) and have slightly raised our estimates under the effect of the multi-client business being more robust than initially expected. The seismic segment seems (finally) to be showing signs of improvement, but the latter remains very fragile and the return of cold stacked capacity does not in...
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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