Last 4.60 NOK
Change Today -0.10 / -2.13%
Volume 187.3K
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As of 4:46 AM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

electromagnetic geoservices (EMGS) Snapshot

Open
4.55 NOK
Previous Close
4.70 NOK
Day High
4.75 NOK
Day Low
4.42 NOK
52 Week High
12/4/13 - 8.37 NOK
52 Week Low
08/29/14 - 4.42 NOK
Market Cap
918.9M
Average Volume 10 Days
392.1K
EPS TTM
-0.02 NOK
Shares Outstanding
199.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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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 Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Electromagnetic Geoservices ASA announced consolidated unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company delivered total operating revenues of USD 42.5 million in the second quarter 2013, down from USD 44.4 million in the corresponding period last year. The company had an EBITDA of USD 10.9 million against USD 13.2 million a year ago. Operating profit was USD 2.3 million against USD 2.0 million a year ago. Loss before income taxes was USD 0.6 million against income before income taxes of USD 1.6 million a year ago. Net loss was USD 2.5 million against USD 1.6 million a year ago. Adjusted EBITDA was USD 0.2 million against USD 1.3 million a year ago. Loss per share was USD 0.01 against earnings per share of USD 0.01 a year ago. Net cash flow from operating activities was positive USD 10.7 million, compared with negative USD 7.5 million in the same period last year. The positive cash flow in 2014 is mainly caused by a positive EBITDA, an increase in trade payables of USD 3.9 million and a positive change in other working capital of USD 7.3 million. The cash flow is negatively affected by an increase in trade receivables of USD 6.3 million. For the second quarter of 2014, the investments consist of USD 10.7 million in multi-client library and USD 6.4 million in property, plant and equipment against USD 4.3 million, a year ago. For the six months, the company reported total revenues of USD 82.0 million against USD 49.5 million a year ago. Operating profit was USD 15.0 million against operating loss of USD 4.1 million a year ago. Income before income taxes was USD 11.1 million against loss before income taxes of USD 2.8 million a year ago. Net income was USD 5.8 million against net loss of USD 4.2 million a year ago. Earnings per share were USD 0.03 against loss per share of USD 0.02 a year ago. Adjusted EBITDA was USD 17.5 million against adjusted LBITDA of USD 5.8 million a year ago. EBITDA was USD 31.4 million against USD 14.5 million a year ago. Net cash flow from operating activities was positive USD 10.1 million, compared with positive USD 8.3 million the same period last year. Purchases of property, plant and equipment was USD 8.9 million against USD 9.1 million a year ago.

Electromagnetic Geoservices ASA Receives Agreement for Multi-Client Data Offshore Faroe Island

Electromagnetic Geoservices ASA has received an agreement worth USD 4.3 million for multi-client data offshore the Faroe Island. The agreement includes both late sales of the existing multi-client dataset acquired by the company in 2012 (the Brugdan-Rosebank Line) and pre-funding of an extension of the existing dataset. The new data is expected to be acquired in September by BOA Thalassa, following completion of the announced contract for Tullow Oil in the North Sea. The acquisition is expected to have duration of approximately 10 days.

Nalcor Energy Signs Multi-Client License Agreement with Electromagnetic Geoservices ASA for Regional 3D Electromagnetic Survey Data over Frontier Areas of Newfoundlands Offshore

Nalcor Energy has signed a multi-client license agreement with Electromagnetic Geoservices ASA for regional 3D electromagnetic (EM) survey data over frontier areas of Newfoundlands offshore. The EM survey will initially target the Flemish Pass Basin, where recent major oil discoveries have been made â including Statoils Bay du Nord discovery. The survey will collect 4,000 square kilometres of 3D EM data that will be calibrated to the recent discoveries and it will also image key prospects in nearby areas. Integrated data delivery will be available to the global industry in early 2015 prior to the close of the scheduled license round in the fall of 2015. The survey is supported by industry pre-funding. EMGS is using 3D controlled-source electromagnetic (CSEM) technology for the survey to measure the electrical resistivity of offshore, subsurface sediments. Nalcor announced that integrating 3D EM data in the exploration workflow allows for a better classification of prospects by downgrading or upgrading the probability of finding hydrocarbons in the reservoir and improves the evaluation of the size of the accumulation.

 

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EMGS

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Valuation EMGS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.9x
Price/Book 1.4x
Price/Cash Flow 7.7x
TEV/Sales 0.3x
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