Report
EUR 14.01 For Business Accounts Only

An unfavourable environment weighs on PROSAFE SE, which sees a downgrade to Negative

The independent financial analyst theScreener just requalified the general evaluation of PROSAFE SE (NO), active in the Oil Equipment & Services industry. As regards its fundamental valuation, the title still shows 1 out of 4 stars and its market behaviour is seen as risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Negative. As of the analysis date July 19, 2019, the closing price was NOK 10.80 and its target price was estimated at NOK 8.68.
Underlying
Prosafe S.E.

Prosafe is a supplier of products and services in selected niches of the global oil and gas industry, specifically in the high end of the global offshore accommodation/service industry. Co.'s operations comprise a parent company and the business division Offshore Support Services, a global owner and operator of semi-sumbersible accommodation/service rigs. Co. owns 11 of 16 available units. These rigs serve charters with five units in the North Sea, five units in the Gulf of Mexico, and one unit in the Philippines. In addition, the division owns one jack-up accommodation/service rig.

Provider
TheScreener
TheScreener

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