Last 3.43 NOK
Change Today -0.01 / -0.29%
Volume 607.4K
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As of 10:25 AM 11/24/14 All times are local (Market data is delayed by at least 15 minutes).

electromagnetic geoservices (EMGS) Snapshot

Open
3.45 NOK
Previous Close
3.44 NOK
Day High
3.45 NOK
Day Low
3.30 NOK
52 Week High
12/4/13 - 8.37 NOK
52 Week Low
10/13/14 - 3.23 NOK
Market Cap
685.2M
Average Volume 10 Days
483.9K
EPS TTM
0.07 NOK
Shares Outstanding
199.8M
EX-Date
--
P/E TM
7.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for ELECTROMAGNETIC GEOSERVICES (EMGS)

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electromagnetic geoservices (EMGS) Details

Electromagnetic Geoservices ASA, together with its subsidiaries, provides electromagnetic (EM) surveying services to the offshore oil and gas exploration industry worldwide. It is involved in planning, acquisition, processing, modelling, interpretation, and integration of EM data, as well as provision of training services. The company uses its proprietary EM technology to support oil and gas companies in their search for offshore hydrocarbons. Electromagnetic Geoservices ASA was founded in 2002 and is headquartered in Trondheim, Norway.

294 Employees
Last Reported Date: 03/19/14
Founded in 2002

electromagnetic geoservices (EMGS) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: 3.1M NOK
Chief Financial Officer
Total Annual Compensation: 2.7M NOK
Chief Operating Officer and Chief Technology ...
Total Annual Compensation: 2.1M NOK
Executive Vice President of Strategic Develop...
Total Annual Compensation: 1.2M NOK
Chief Legal Councel
Total Annual Compensation: 2.5M NOK
Compensation as of Fiscal Year 2013.

electromagnetic geoservices (EMGS) Key Developments

Electromagnetic Geoservices ASA Announces Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended June 30, 2014

Electromagnetic Geoservices ASA announced consolidated unaudited earnings results for the third quarter and nine months ended June 30, 2014. For the quarter, total operating revenues were USD 41,703,000 against USD 23,610,000 a year ago. Operating profit was USD 5,368,000 against operating loss of USD 9,356,000 a year ago. Income before income taxes was USD 6,973,000 against loss before income taxes of USD 11,838,000 a year ago. Income for the period was USD 6,988,000 against loss for the period of USD 12,214,000 a year ago. Net cash flow from operating activities was USD 23,601,000 against USD 30,799,000 a year ago. Purchase of property, plant and equipment was USD 3,456,000 against USD 3,580,000 a year ago. EBITDA of USD 11.0 million against LBITDA of USD 3.5 million a year ago. Earnings per share was USD 0.03 against loss per share of USD 0.06 a year ago. Adjusted LBITDA was USD 0.6 million against USD 13.7 million a year ago. For the nine months, total operating revenues were USD 145,510,000 against USD 99,707,000 a year ago. Operating profit was USD 20,382,000 against operating loss of USD 13,407,000 a year ago. Income before income taxes was USD 18,037,000 against loss before income taxes of USD 14,633,000 a year ago. Income for the period was USD 12,765,000 against loss for the period of USD 16,392,000 a year ago. Net cash flow from operating activities was USD 33,679,000 against USD 39,051,000 a year ago. Purchase of property, plant and equipment was USD 12,382,000 against USD 12,767,000 a year ago. Earnings per share were USD 0.06 against loss per share of USD 0.08 a year ago. EBITDA of USD 42.4 million against USD 11.0 million a year ago. Adjusted EBITDA was USD 16.9 million against adjusted LBITDA of USD 19.5 million a year ago.

Electromagnetic Geoservices ASA Announces Operating Results for the Third Quarter of 2014; Provides Earnings Guidance for the Third Quarter of 2014

Electromagnetic Geoservices ASA announced operating results for the third quarter of 2014. For the quarter, the company announced vessel utilisation for the third quarter 2014 came in at 69% compared with 77% for the third quarter 2013. The company's vessels were allocated 31% to contract and 38% to multi-client programmes, whereas the allocation was 35% and 42% respectively in the corresponding quarter last year. The company recorded 11.4 vessel months compared with 9.9 in the third quarter of 2013. For the third quarter of 2014, the company expects to record a total of approximately USD 12 million in multi-client revenues.

Electromagnetic Geoservices ASA Enters Data Licensing Agreement with International Oil Company

Electromagnetic Geoservices ASA (EMGS) has entered into a data licensing agreement with an international oil company worth USD 3.7 million, after adjustment for partner's share of the revenues, for the provision of 3D EM data from EMGS' multi-client data library in the Barents Sea. The multi-client revenues will be booked in the third quarter 2014. EMGS' multi-client data library in the Barents Sea now covers 42,000 km2, in addition to approximately 10,000 km2 in the Norwegian Sea and 1,400 km2 in the North Sea.

 

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EMGS Competitors

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Industry Analysis

EMGS

Industry Average

Valuation EMGS Industry Range
Price/Earnings 7.2x
Price/Sales 0.5x
Price/Book 0.9x
Price/Cash Flow 2.6x
TEV/Sales 0.0x
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