Report
Baptiste Lebacq

PGS : Visible recovery

>Underperform recommendation, target price raised to 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. Discipline (finally) seems to be the watchword (historically difficult in the sector). Following the Q3 2022 results publication, we are revising up our 2022/ 2023 EBITDA estimates by an average of 7% (due in particular to the effect in 20...
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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