Last 38.27 NOK
Change Today -0.11 / -0.29%
Volume 3.2M
PGS On Other Exchanges
Symbol
Exchange
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OTC US
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As of 10:25 AM 10/22/14 All times are local (Market data is delayed by at least 15 minutes).

petroleum geo-services (PGS) Snapshot

Open
38.93 NOK
Previous Close
38.38 NOK
Day High
39.00 NOK
Day Low
37.56 NOK
52 Week High
11/7/13 - 75.60 NOK
52 Week Low
10/16/14 - 34.47 NOK
Market Cap
8.3B
Average Volume 10 Days
5.3M
EPS TTM
0.65 NOK
Shares Outstanding
217.8M
EX-Date
05/9/14
P/E TM
9.0x
Dividend
2.30 NOK
Dividend Yield
6.01%
Current Stock Chart for PETROLEUM GEO-SERVICES (PGS)

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petroleum geo-services (PGS) Details

Petroleum Geo-Services ASA, a marine geophysical company, provides seismic and reservoir services worldwide. The company is engaged in the acquisition, processing, interpretation, and field evaluation of seismic data, which oil and gas companies use to explore for hydrocarbon accumulations, develop new oil and gas fields, and manage their producing fields. It also offers multi-client library data; and provides imaging and reservoir-related processing services to exploration and production companies. The company serves multi-national, independent, and national or state-owned oil companies. Petroleum Geo-Services ASA was founded in 1991 and is headquartered in Oslo, Norway.

2,245 Employees
Last Reported Date: 04/10/14
Founded in 1991

petroleum geo-services (PGS) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: $2.1M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $1.1M
Executive Vice President of Operations
Total Annual Compensation: $916.1K
Executive Vice President of Multiclient
Total Annual Compensation: $1.0M
Executive Vice President of Marine Contract
Total Annual Compensation: $1.0M
Compensation as of Fiscal Year 2013.

petroleum geo-services (PGS) Key Developments

Petroleum Geo Services ASA Provides Consolidated Earnings Guidance for the Third Quarter of 2014; Provides Impairment Guidance for the Third Quarter of 2014; Revises Earnings Guidance for the Full Year 2014

Petroleum Geo-Services ASA provided consolidated earnings guidance for the third quarter of 2014. The company expects to report consolidated third quarter revenues of approximately $395 million; EBITDA of approximately $180 million and EBIT excluding impairment charges of approximately $75 million. Cash flow provided by operating activities is expected to be approximately $230 million, giving a cash flow after capital expenditures and before financing activities of approximately $75 million. For the quarter, the company expects to report impairment charges of approximately $20-25 million. The quarter is also impacted by a primarily non-cash exchange rate loss of approximately $8 million and exploration expenses in Azimuth Ltd. of approximately $8 million. The company has revised its full year 2014 EBITDA guidance to be approximately $725 million.

Petroleum Geo Services ASA Revises Capital Guidance for the Year 2014 and 2015

Petroleum Geo Services ASA revised capital guidance for the year 2014. For the year, the company expects to reduce its CAPEX plan by approximately USD 50 million. The revised CAPEX estimate for 2014 is USD 375 million. For the year 2015, the company expects to reduce its CAPEX plan by approximately USD 100 million.

Petroleum Geo Mulls Sale Of PGS-Khazar

Petroleum Geo Services ASA (OB:PGS) has decided to sell PGS-Khazar LLC joint venture. Petroleum Geo Services ASA expects an impairment charge of about $20 million on the value of retired vessels and the expected sale of PGS-Khazar LLC.

 

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PGS:NO 38.27 NOK -0.11

PGS Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Dolphin Group AS 3.10 NOK -0.15
Geospace Technologies Corp $28.65 USD -0.47
ION Geophysical Corp $2.61 USD -0.27
Polarcus Ltd 1.06 NOK +0.02
TGS Nopec Geophysical Co ASA 170.00 NOK +3.90
View Industry Companies
 

Industry Analysis

PGS

Industry Average

Valuation PGS Industry Range
Price/Earnings 9.1x
Price/Sales 0.9x
Price/Book 0.6x
Price/Cash Flow 2.3x
TEV/Sales 0.0x
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