PGS : Targets confirmed despite EBITDA 13.5% below forecasts
>Underperform (TP NOK 5.6) - We are reiterating our Underperform recommendation on the share (+9.56% YTD), with momentum in seismic activities improving after several years of downward adjustments to capacities in particular. However, more leverage/pricing power could be captured in other market segments. Discipline seems to be (finally) in place (historically difficult in the sector). Following the publication of Q1 2023 results, we have revised our 2023/35 EP...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.
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