|Bid||158.10 x 21000|
|Ask||158.20 x 20000|
|Day's Range||158.10 - 162.50|
|52 Week Range||137.90 - 209.50|
|PE Ratio (TTM)||322.20|
|Dividend & Yield||0.59 (2.94%)|
|1y Target Est||N/A|
Q2 2017 TGS NOPEC Geophysical Company ASA Earnings Presentation
Shares of the world's leading provider of geoscience data to oil companies TGS fell by more than 6 percent on Thursday, after disappointing sales in the second quarter. TGS reported $108 million in quarterly revenues, 6 percent below consensus, and compared with $114 million in the second-quarter a year ago. The so-called late sales of seismic data were down to $79 million from $84 million a year ago.
Canada's top court handed aboriginals a partial victory on Wednesday, ruling there was not adequate consultation on plans to conduct seismic testing for oil and gas in the north of the country, but dismissing a separate attempt to quash permits for changes to an Enbridge Inc pipeline. In the two separate but related decisions, the Supreme Court of Canada found that while the Canadian government holds ultimate responsibility for ensuring that consultations with First Nations are adequate, it can rely on the national energy regulator's process to fulfill that in oil- and gas-related matters.