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PGS ASA (PGS.OL)

Oslo - Oslo Delayed Price. Currency in NOK
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4.4070+0.0790 (+1.83%)
At close: 4:25PM CET
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Neutralpattern detected
Previous Close4.3280
Open4.4010
Bid4.3820 x 84700
Ask4.3900 x 294800
Day's Range4.3010 - 4.5240
52 Week Range2.2600 - 21.5000
Volume2,991,446
Avg. Volume3,377,970
Market Cap1.664B
Beta (5Y Monthly)3.86
PE Ratio (TTM)N/A
EPS (TTM)-0.6820
Earnings DateJan 28, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateMay 15, 2015
1y Target Est4.09
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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    • PGS ASA: Scheme of Arrangement to Implement Financing Transaction
      GlobeNewswire

      PGS ASA: Scheme of Arrangement to Implement Financing Transaction

      November 26, 2020: Oslo, Norway, PGS ASA (the “Company or “PGS”) announces today that it has launched a scheme of arrangement in England (the “Scheme”) via the issuance of a practice statement letter to the lenders under its ~$350 million revolving credit facility  and ~$522 million term loan B facility  (the “RCF/TLB Facility”).  PGS is proposing the Scheme in order to implement the financing transaction announced on October 21, 2020 (the "Transaction") in the manner contemplated in the Lock-Up Agreement dated October 21, 2020 (as described in PGS' announcement on that date).  As of the date of this announcement, lenders representing 95.4% by value of debt and 99.5% by number of the RCF/TLB Facility have entered into the Lock-up Agreement and thereby agreed to support the Transaction. This represents more than sufficient majorities to meet the relevant Scheme approval levels (being 75% by value and a majority in number of creditors which attend the relevant meeting and vote in respect of the Scheme).If sanctioned by the English Court, the proposed Scheme will enable the implementation of the Transaction and will bind all RCF and TLB lenders (including those who vote against or do not vote in respect of the Scheme) to the terms of the Transaction.As previously announced, the Transaction is expected to close during the course of Q1 2021.The Company will continue to operate its business as usual by performing its other obligations, including making payments of interest, as they fall due.The Company will provide updates in due course as appropriate.Further details regarding the Scheme are contained in the practice statement letter and the Lock-Up Agreement. The practice statemenet letter and the Lock-Up Agreement are available to Scheme Creditors only and can be accessed on www.lucid-is.com/pgs. Scheme Credtitors that have questions in relation to the practice statement letter or the Scheme may contact Lucid Issuer Services Limited as Information Agent appointed by the Company at the details below.  FOR DETAILS, CONTACT:   BÅRD STENBERG, VP IR & CORPORATE COMMUNICATION MOBILE:  +47 99 24 52 35   For Scheme Creditors: Lucid issuer Services limited victor parzyjagla Telephone: +44 20 7704 0880 email: pgs@lucid-is.com ***PGS is an integrated marine geophysical company, providing advanced subsurface images, plus 2D and 3D data, that energy companies use to find and produce oil and gas. PGS MultiClient data library is among the largest in the seismic industry, with modern 3D coverage in all significant offshore hydrocarbon provinces worldwide. The Company operates on a worldwide basis with headquarters in Oslo, Norway and the PGS share is listed on the Oslo stock exchange (OSE: PGS). For more information on PGS visit www.pgs.com.***The information included herein contains certain forward-looking statements that address activities, events or developments that the Company expects, projects, believes or anticipates will or may occur in the future. These statements are based on various assumptions made by the Company, which are beyond its control and are subject to certain additional risks and uncertainties. The Company is subject to a large number of risk factors including but not limited to the demand for seismic services, the demand for data from our multi-client data library, the attractiveness of our technology, unpredictable changes in governmental regulations affecting our markets and extreme weather conditions. For a further description of other relevant risk factors we refer to our Annual Report for 2019. As a result of these and other risk factors, actual events and our actual results may differ materially from those indicated in or implied by such forward-looking statements. The reservation is also made that inaccuracies or mistakes may occur in the information given above about current status of the Company or its business. Any reliance on the information above is at the risk of the reader, and PGS disclaims any and all liability in this respect.Any securities proposed to be issued in connection with the Scheme will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act") and may not be offered or sold in the United States, or to or for the account or benefit of US persons (as defined in Regulation S under the US Securities Act), unless they are registered under the US Securities Act or an exemption from the registration requirements is available.\--END--

    • PGS ASA: Mandatory Notification of Trade
      GlobeNewswire

      PGS ASA: Mandatory Notification of Trade

      Robert James Adams, EVP Operations in PGS has on October 27, 2020 bought 94 134 shares in PGS at a price of NOK 2.642 per share. Following the transaction, Robert James Adams owns 176 703 shares in PGS.This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

    • PETRONAS awards MultiClient programs in Sarawak Basin to seismic consortium
      GlobeNewswire

      PETRONAS awards MultiClient programs in Sarawak Basin to seismic consortium

      OSLO, NORWAY, October 26, 2020: The seismic consortium comprising PGS, TGS and WesternGeco have been awarded a multi-year contract by PETRONAS through competitive bidding to acquire and process up to 105,000 square kilometers of multi-sensor MultiClient 3D data in the Sarawak Basin, offshore Malaysia. This contract award follows an ongoing campaign by the consortium in the Sabah offshore region of Malaysia, awarded in 2016, in which over 50,000 square kilometers of high-quality 3D seismic data have been acquired and licensed to the oil and gas industry to support Malaysia license round and exploration activity.The Sarawak award will enable the consortium to position itself in Malaysian seismic exploration and allow for a multi-phase program to promote exploration efforts in the prolific Sarawak East Natuna Basin (Deepwater North Luconia and West Luconia Province).“We are very pleased to have received this good news from PETRONAS through Malaysia Petroleum Management,” said Nathan Oliver, PGS Executive Vice President Sales & Services. “Since this same consortium also acquiring MultiClient data offshore Sabah, we have demonstrated the benefit of the MultiClient business model to the Malaysian authorities and provided the oil and gas industry with high-quality seismic data in this prolific hydrocarbon basin. With this new award we are able to expand the MultiClient coverage into the Sarawak region to increase exploration and enhance production activities.”Rune Eng, TGS Executive Vice President, International said: “With this exciting project award, the consortium will play its part in encouraging and enhancing future exploration in Malaysia, enabling E&P companies to participate in the acquisition of high-quality modern 3D seismic data on a cost-effective regional basis.”“The consortium will continue to use the latest technologies to accelerate discoveries in the Sarawak offshore basins,” said Rajeev Sonthalia, president, Digital & Integration, Schlumberger. “Modern data will be used both to enhance existing production assets and develop new play concepts in areas where legacy data has failed to provide the insight needed to find new opportunities with a high degree of confidence.”The consortium is planning the initial phases and is engaging with the oil and gas industry to secure prefunding ahead of planned acquisition, covering both open blocks and areas of existing farm-in opportunities. Interested parties should contact the constituent members of the consortium for further details. Sarawak area of award and existing Sabah MultiClient 3D   For details, contact: Bård Stenberg, Vice President Investor Relations & Corporate Communication, PGS Mobile:  +47 99 24 52 35   The information included herein contains certain forward-looking statements that address activities, events or developments that the companies expect, project, believe or anticipate will or may occur in the future. These statements are based on various assumptions made by the companies, which are beyond their control and are subject to certain additional risks and uncertainties. The companies are subject to a large number of risk factors including, but not limited to, the demand for seismic services, the demand for data from multiclient data libraries, the attractiveness of technology, unpredictable changes in governmental regulations affecting our markets and extreme weather conditions. For a further description of other relevant risk factors, we refer to Annual Reports for 2019. As a result of these and other risk factors, actual events and actual results may differ materially from those indicated in or implied by such forward-looking statements. The reservation is also made that inaccuracies or mistakes may occur in the information given above about current status of the companies or their business. Any reliance on the information above is at the risk of the reader, and each company disclaims any and all liability in this respect.\--END--