reports
- Steffen Evjen
TGS (Buy, TP: NOK140.00) - The tide looks to be turning
Following a ~20% share price drop since mid-January, primarily driven by lower oil prices, we see firm signs of an improving seismic market. Q1 streamer vessel demand is shaping up to be ~25% higher YOY, and TGS is set to deploy three vessels on the NCS in Q2–Q3, which would be its busiest level since 2014. This, along with low-hanging merger-related fruit, looks set to drive a significant YOY increase in 2025e FCF, implying a ~15% yield. We reiterate our BUY and NOK140 target price.
- ABGSC Energy Research
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Njål Kleiven
- Stian Wibstad
TGS: Delivery of Shares from Vested 2023 Restricted Share Units
TGS: Delivery of Shares from Vested 2023 Restricted Share Units Oslo, Norway (13 March 2025) – with reference to the stock exchange release published on 4 March 2025 “Vesting of 2023 Restricted Share Unit Award.” Of the 15,000 Restricted Share Units granted to Carel Hooijkaas, he received 12,536 shares in TGS today. The fair market value of the remaining shares is used to cover withholding obligations and other necessary deductions that arise in connection with the vest. The shares transferred to Carel Hooijkaas are taken from TGS treasury shares. After the transaction, Carel Hooijkaas ...
TGS: MANDATORY NOTIFICATION OF TRADES
TGS: MANDATORY NOTIFICATION OF TRADES Oslo, Norway (13 March 2025) – In February 2019, TGS implemented an Employee Share Purchase Plan (ESPP) pursuant to which eligible employees can purchase TGS common shares at a discount through payroll deductions. The ESPP operates in six-month periods, and at the end of each period, employees in eligible jurisdictions (United States, United Kingdom and Canada) have the option to purchase stock at a 15% discount to the market price at the time of purchase. The plan sets a maximum purchase of shares per employee per six-month period and ESPP dividends ar...
TGS: VESTING OF 2023 RESTRICTED SHARE UNIT AWARD
TGS: VESTING OF 2023 RESTRICTED SHARE UNIT AWARD Oslo, Norway (4 March 2025) – On 1 March 2025, 15,000 Restricted Share Units (RSUs) granted to Carel Hooijkaas on 1 March 2023, in accordance with the terms of his employment agreement, as approved by the Board of Directors of TGS ASA, and TGS Remuneration Policy, approved by the shareholders of TGS ASA, vested. Each vested RSU represents the right to receive one share of the Company’s common stock, with the shares to be issued from the Company’s treasury stock. The vested RSUs may be partially settled in cash using the fair market value of ...
TGS: Mandatory Notification of Trade
TGS: Mandatory Notification of Trade OSLO, NORWAY (4 March 2025) - Christopher Finlayson, Chairman of the Board of TGS, has today purchased 5,000 shares in TGS ASA at a price of NOK 102.1937 per share. Following the transaction he owns 38,000 shares in TGS. Attachment
- ABGSC Energy Research
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Njål Kleiven
- Oliver Dunvold
- Stian Wibstad
TGS: MANDATORY NOTIFICATION OF TRADE
TGS: MANDATORY NOTIFICATION OF TRADE Oslo, Norway (1 March 2025) – TGS has issued an award of 15,000 Restricted Share Units (RSUs) to Carel Hooijkaas in accordance with the terms of his employment agreement, as approved by the Board of Directors of TGS ASA, and TGS Remuneration Policy, approved by the shareholders of TGS ASA. Each RSU represents the right to receive one share of the Company’s common stock upon vesting in accordance with the terms of the award. The RSUs are secured by the Company’s treasury stock. The schedule attached reflects the holdings of the primary insider. Abou...
- ABGSC Energy Research
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Njål Kleiven
- Oliver Dunvold
- Stian Wibstad
- ABGSC Energy Research
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Njål Kleiven
- Oliver Dunvold
- Stian Wibstad
- Aaron Brodjanac
- Baptiste Salaville
- Chaima Ferrandon
- Charlotte Vaisse
- Marc Lavaud
- Sven Edelfelt
- Thomas Zlowodzki
1COV COVESTRO AG
VIE VEOLIA ENVIRONNEMENT SA
PEO BANK POLSKA KASA OPIEKI SA
TKA THYSSENKRUPP AG
RR. ROLLS-ROYCE HOLDINGS PLC
ENGI ENGIE SA.
EDP EDP-ENERGIAS DE PORTUGAL SA
MT ARCELORMITTAL SA
BEKB BEKAERT SA
AAL ANGLO AMERICAN PLC
SLB.N SCHLUMBERGER NV
APAML APERAM SA
OUT1V OUTOKUMPU OYJ
SK SEB SA
GTT GAZTRANSPORT & TECHNIGAZ SA
SSAB A SSAB AB CLASS A
FGR EIFFAGE SA
LSEG LONDON STOCK EXCHANGE GROUP PLC
AGS AGEAS SA/NV
SZG SALZGITTER AG
BEI BEIERSDORF AG
VOE VOESTALPINE AG
EOAN E.ON SE
ACX ACERINOX SA
ENI ENI S.P.A.
GRF GRIFOLS S.A. CLASS A
GEBN GEBERIT AG
ERA ERAMET SA
UCB UCB S.A.
DTE DEUTSCHE TELEKOM AG
P2F PETROFAC LIMITED
CRG CRH PLC
TUB TUBACEX S.A.
SOC SUBSEA 7 S.A.
NDA AURUBIS AG
FCC FOMENTO DE CONSTRUCCIONES Y CONTRATAS S.A.
PKN POLSKI KONCERN NAFTOWY ORLEN S.A.
SBO SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AG
AMG AMG ADVANCED METALLURGICAL GROUP N.V.
EDW EDP RENOVAVEIS SA
KGX KION GROUP AG
TGS TGS-NOPEC GEOPHYSICAL COMPANY ASA
PRY PRYSMIAN S.P.A.
RACE FERRARI NV
TRE TECNICAS REUNIDAS SA
GRF.P GRIFOLS S.A. PREF CLASS B
RIO RIO TINTO PLC
TEC TECHNIPFMC PLC
BHP BHP GROUP LTD
BP. BP P.L.C.
PIRC PIRELLI & C. S.P.A.
ARGX ARGEN-X SE
AMAG AMAG AUSTRIA METALL AG
AKZA AKZO NOBEL N.V.
CPR DAVIDE CAMPARI-MILANO N.V.
VK VALLOUREC SA
STLA STELLANTIS N.V.
TE TECHNIP ENERGIES NV
CTPNV CTP NV
SPM SAIPEM S.P.A.
TEN TENARIS S.A.
SYENS SYENSQO
VIRI VIRIDIEN
- Baptiste Salaville
- Charlotte Vaisse
- Emmanuel Matot
- Marc Lavaud
IPS IPSOS
TKA THYSSENKRUPP AG
MT ARCELORMITTAL SA
BEKB BEKAERT SA
AAL ANGLO AMERICAN PLC
SOP SOPRA STERIA GROUP SA
SLB.N SCHLUMBERGER NV
APAML APERAM SA
OUT1V OUTOKUMPU OYJ
GTT GAZTRANSPORT & TECHNIGAZ SA
SSAB A SSAB AB CLASS A
MF WENDEL SE
SZG SALZGITTER AG
ITP INTERPARFUMS
FII LISI SA
FNAC FNAC DARTY SA
VOE VOESTALPINE AG
ACX ACERINOX SA
G24 SCOUT24 AG
ERA ERAMET SA
P2F PETROFAC LIMITED
IMPN IMPLENIA AG
POS PORR AG
GLB GLANBIA PLC
CFEB COMPAGNIE D'ENTREPRISES CFE SA
SUN SULZER AG
VRNL VERNEUIL PARTICIPATIONS
TUB TUBACEX S.A.
HEIJM HEIJMANS N.V. CERT
SOC
SIX2 SUBSEA 7 S.A.
CTAC SIXT SE
AIXA CTAC N.V.
NDA AIXTRON SE
FTON AURUBIS AG
WIE FEINTOOL INTERNATIONAL HOLDING AG
VLK WIENERBERGER AG
SBO VAN LANSCHOT KEMPEN NV CERT. OF SHS
SESL SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AG
AALB SES-IMAGOTAG SA
AMG AALBERTS N.V.
FDR AMG ADVANCED METALLURGICAL GROUP N.V.
SIGHT FLUIDRA S.A.
CON GENSIGHT BIOLOGICS SA
TGS CONZZETA AG
CSM TGS-NOPEC GEOPHYSICAL COMPANY ASA
TRE CORBION NV
IDR TECNICAS REUNIDAS SA
RIO INDRA SISTEMAS S.A. CLASS A
TEC RIO TINTO PLC
BHP TECHNIPFMC PLC
HOME BHP GROUP LTD
BFSA NEINOR HOMES SA
AMAG BEFESA SA
CAF AMAG AUSTRIA METALL AG
GRE CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES S.A.
DSC1 GRENERGY RENOVABLES
HAG DUTCH STAR C SHAR
VK HENSOLDT AG
UPG VALLOUREC SA
AML UNIFIEDPOST GROUP
TE ASTON MARTIN LAGONDA GLOBAL HOLDINGS
EFIC1 TECHNIP ENERGIES NV
CTPNV EUROPEAN FINTECH IPO CO 1 BV
DEME CTP NV
SPM DEME GROUP NV
ADTN SAIPEM S.P.A.
TEN ADTRAN HOLDINGS INC
PLNW TENARIS S.A.
VIRI PLANISWARE
VIRIDIEN
- Baptiste Salaville
- Charlotte Vaisse
- Emmanuel Matot
- Marc Lavaud
IPS IPSOS
TKA THYSSENKRUPP AG
MT ARCELORMITTAL SA
BEKB BEKAERT SA
AAL ANGLO AMERICAN PLC
SOP SOPRA STERIA GROUP SA
SLB.N SCHLUMBERGER NV
APAML APERAM SA
OUT1V OUTOKUMPU OYJ
GTT GAZTRANSPORT & TECHNIGAZ SA
SSAB A SSAB AB CLASS A
MF WENDEL SE
SZG SALZGITTER AG
ITP INTERPARFUMS
FII LISI SA
FNAC FNAC DARTY SA
VOE VOESTALPINE AG
ACX ACERINOX SA
G24 SCOUT24 AG
ERA ERAMET SA
P2F PETROFAC LIMITED
IMPN IMPLENIA AG
POS PORR AG
GLB GLANBIA PLC
CFEB COMPAGNIE D'ENTREPRISES CFE SA
SUN SULZER AG
VRNL VERNEUIL PARTICIPATIONS
TUB TUBACEX S.A.
HEIJM HEIJMANS N.V. CERT
SOC
SIX2 SUBSEA 7 S.A.
CTAC SIXT SE
AIXA CTAC N.V.
NDA AIXTRON SE
FTON AURUBIS AG
WIE FEINTOOL INTERNATIONAL HOLDING AG
VLK WIENERBERGER AG
SBO VAN LANSCHOT KEMPEN NV CERT. OF SHS
SESL SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AG
AALB SES-IMAGOTAG SA
AMG AALBERTS N.V.
FDR AMG ADVANCED METALLURGICAL GROUP N.V.
SIGHT FLUIDRA S.A.
CON GENSIGHT BIOLOGICS SA
TGS CONZZETA AG
CSM TGS-NOPEC GEOPHYSICAL COMPANY ASA
TRE CORBION NV
IDR TECNICAS REUNIDAS SA
RIO INDRA SISTEMAS S.A. CLASS A
TEC RIO TINTO PLC
BHP TECHNIPFMC PLC
HOME BHP GROUP LTD
BFSA NEINOR HOMES SA
AMAG BEFESA SA
CAF AMAG AUSTRIA METALL AG
GRE CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES S.A.
DSC1 GRENERGY RENOVABLES
HAG DUTCH STAR C SHAR
VK HENSOLDT AG
UPG VALLOUREC SA
AML UNIFIEDPOST GROUP
TE ASTON MARTIN LAGONDA GLOBAL HOLDINGS
EFIC1 TECHNIP ENERGIES NV
DEME EUROPEAN FINTECH IPO CO 1 BV
SPM DEME GROUP NV
ADTN SAIPEM S.P.A.
TEN ADTRAN HOLDINGS INC
PLNW TENARIS S.A.
VIRI PLANISWARE
VIRIDIEN
- Aaron Brodjanac
- Baptiste Salaville
- Chaima Ferrandon
- Charlotte Vaisse
- Marc Lavaud
- Sven Edelfelt
- Thomas Zlowodzki
1COV COVESTRO AG
VIE VEOLIA ENVIRONNEMENT SA
PEO BANK POLSKA KASA OPIEKI SA
TKA THYSSENKRUPP AG
RR. ROLLS-ROYCE HOLDINGS PLC
ENGI ENGIE SA.
EDP EDP-ENERGIAS DE PORTUGAL SA
MT ARCELORMITTAL SA
BEKB BEKAERT SA
AAL ANGLO AMERICAN PLC
SLB.N SCHLUMBERGER NV
APAML APERAM SA
OUT1V OUTOKUMPU OYJ
SK SEB SA
GTT GAZTRANSPORT & TECHNIGAZ SA
SSAB A SSAB AB CLASS A
FGR EIFFAGE SA
LSEG LONDON STOCK EXCHANGE GROUP PLC
AGS AGEAS SA/NV
SZG SALZGITTER AG
BEI BEIERSDORF AG
VOE VOESTALPINE AG
EOAN E.ON SE
ACX ACERINOX SA
ENI ENI S.P.A.
GRF GRIFOLS S.A. CLASS A
GEBN GEBERIT AG
ERA ERAMET SA
UCB UCB S.A.
DTE DEUTSCHE TELEKOM AG
P2F PETROFAC LIMITED
CRG CRH PLC
TUB TUBACEX S.A.
SOC SUBSEA 7 S.A.
NDA AURUBIS AG
FCC FOMENTO DE CONSTRUCCIONES Y CONTRATAS S.A.
PKN POLSKI KONCERN NAFTOWY ORLEN S.A.
SBO SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AG
AMG AMG ADVANCED METALLURGICAL GROUP N.V.
EDW EDP RENOVAVEIS SA
TGS TGS-NOPEC GEOPHYSICAL COMPANY ASA
PRY PRYSMIAN S.P.A.
RACE FERRARI NV
TRE TECNICAS REUNIDAS SA
GRF.P GRIFOLS S.A. PREF CLASS B
RIO RIO TINTO PLC
TEC TECHNIPFMC PLC
BHP BHP GROUP LTD
BP. BP P.L.C.
PIRC PIRELLI & C. S.P.A.
ARGX ARGEN-X SE
AMAG AMAG AUSTRIA METALL AG
AKZA AKZO NOBEL N.V.
CPR DAVIDE CAMPARI-MILANO N.V.
VK VALLOUREC SA
STLA STELLANTIS N.V.
TE TECHNIP ENERGIES NV
CTPNV CTP NV
SPM SAIPEM S.P.A.
TEN TENARIS S.A.
SYENS SYENSQO
VIRI VIRIDIEN
- Baptiste Lebacq
- Jean-François Granjon
GTT GAZTRANSPORT & TECHNIGAZ SA
P2F PETROFAC LIMITED
TUB TUBACEX S.A.
SOC SUBSEA 7 S.A.
SBO SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AG
TGS TGS-NOPEC GEOPHYSICAL COMPANY ASA
TRE TECNICAS REUNIDAS SA
TEC TECHNIPFMC PLC
VK VALLOUREC SA
TE TECHNIP ENERGIES NV
SPM SAIPEM S.P.A.
TEN TENARIS S.A.
VIRI VIRIDIEN
- Baptiste Lebacq
- Jean-François Granjon
GTT GAZTRANSPORT & TECHNIGAZ SA
P2F PETROFAC LIMITED
TUB TUBACEX S.A.
SOC SUBSEA 7 S.A.
SBO SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AG
TGS TGS-NOPEC GEOPHYSICAL COMPANY ASA
TRE TECNICAS REUNIDAS SA
TEC TECHNIPFMC PLC
VK VALLOUREC SA
TE TECHNIP ENERGIES NV
SPM SAIPEM S.P.A.
TEN TENARIS S.A.
VIRI VIRIDIEN
- Aleksander Erstad
DOF Group (Buy, TP: NOK135.00) - Nearing refinancing
Q4 EBITDA was 8% below consensus, while cash flow was solid. Net debt has declined to a level where DOF should reach its target leverage ratio of 1.5–2.0x without further deleveraging needed (current NIBD to 2025e EBITDA is 1.8x), with focus shifting to shareholder returns after the expected refinancing is completed. The stock is trading at 2025–2026 EV/EBITDAs of 4.4–3.3x and an annualised DPS yield of 14% from Q2. We reiterate our BUY and NOK135 target price.
TGS ASA: 1 director
A director at TGS ASA bought 7,000 shares at 110.300NOK and the significance rating of the trade was 71/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showi...
- Baptiste Lebacq
- Bruno Cavalier
- Thomas Zlowodzki
SLB.N SCHLUMBERGER NV
MC LVMH MOET HENNESSY LOUIS VUITTON SE
GTT GAZTRANSPORT & TECHNIGAZ SA
UHR SWATCH GROUP LTD. BEARER
RMS HERMES INTERNATIONAL SCA
EL ESSILORLUXOTTICA SA
BRBY BURBERRY GROUP PLC
KER KERING SA
P2F PETROFAC LIMITED
01913 PRADA S.P.A.
TUB TUBACEX S.A.
ASM ASM INTERNATIONAL N.V.
SOC SUBSEA 7 S.A.
LPP LPP S.A.
SBO SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AG
MONC MONCLER SPA
AENA AENA SME SA
TGS TGS-NOPEC GEOPHYSICAL COMPANY ASA
BC BRUNELLO CUCINELLI S.P.A.
CFR COMPAGNIE FINANCIERE RICHEMONT SA
TRE TECNICAS REUNIDAS SA
TEC TECHNIPFMC PLC
NLBR NOVA LJUBLJANSKA BANKA DD LJUBLJANA
PRX PROSUS N.V. CLASS N
VK VALLOUREC SA
TE TECHNIP ENERGIES NV
DSY DASSAULT SYSTEMES SA
SPM SAIPEM S.P.A.
ARM ARM HOLDINGS PLC
TEN TENARIS S.A.
VIRI VIRIDIEN
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