Last 54.45 NOK
Change Today -4.45 / -7.56%
Volume 3.2M
PGS On Other Exchanges
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As of 10:25 AM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

petroleum geo-services (PGS) Snapshot

Open
58.60 NOK
Previous Close
58.90 NOK
Day High
58.90 NOK
Day Low
54.00 NOK
52 Week High
09/16/13 - 83.80 NOK
52 Week Low
07/24/14 - 54.00 NOK
Market Cap
11.9B
Average Volume 10 Days
1.6M
EPS TTM
0.65 NOK
Shares Outstanding
217.8M
EX-Date
05/9/14
P/E TM
13.6x
Dividend
2.30 NOK
Dividend Yield
4.22%
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 Reports Earnings Results for the Second Quarter and Six Months of 2014

Petroleum Geo Services ASA reported earnings results for the second quarter and six months of 2014. For the quarter, the company reported revenues of $337.0 million, compared to $381.7 million, EBITDA of $170.6 million, compared to $209.6 million, EBIT, excluding impairments, of $55.3 million, compared to $110.6 million, net cash provided by operating activities of $40.2 million, compared to $271.3 million and diluted EPS of $0.14, compared to $0.33 in 2013. Income before income tax expense was $34.5 million compared to $97.3 million and net income to equity holders of $29.7 million compared to $71.5 million for the last year. Capital expenditures were $149.4 million compared to $199.9 million for the last year. For the six months, the company reported revenues of $629.5 million, compared to $776.5 million, EBITDA of $309.2 million, compared to $411.9 million, EBIT, excluding impairments, of $100.5 million, compared to $207.4 million, net cash provided by operating activities of $222.1 million, compared to $374.0 million and diluted EPS of $0.16, compared to $0.62 in 2013. Income before income tax expense was $47.2 million compared to $185.2 million and net income to equity holders of $34.3 million compared to $134.0 million for the last year. Capital expenditures were $281.3 million compared to $271.3 million for the last year.

Petroleum Geo Services ASA Provides Earnings Guidance for the Second Quarter of 2014; Revised Earnings Guidance for the Full Year of 2014; Provides Impairment Guidance Second Quarter of 2014

Petroleum Geo Services ASA provided earnings guidance for the second quarter of 2014. The company expected to report weaker second quarter results than current market expectations. The weak second quarter results are mainly driven by lack of pre-funding for the Triton MultiClient survey in the Gulf of Mexico and to some extent by mobilization delays on some Marine Contract surveys, relating to permitting, weather and technical problems. The company expects to report consolidated second quarter revenues of approximately $335 million; EBITDA of approximately $170 million and EBIT before impairments of approximately $55 million. Considering the second quarter results, the company lowers its full year EBITDA guidance to circa $850 million. It should be noted that because of this reduced predictability, the uncertainty range around the EBITDA guidance is wider than normal. The company also announced an impairment charge of approximately $10 million is expected related to vessel and equipment retirement in the second quarter of 2014.

Petroleum Geo Services ASA, Q2 2014 Earnings Call, Jul 24, 2014

Petroleum Geo Services ASA, Q2 2014 Earnings Call, Jul 24, 2014

 

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PGS Competitors

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Company Last Change
Dolphin Group AS 5.60 NOK -0.25
Geospace Technologies Corp $43.41 USD +0.28
ION Geophysical Corp $4.03 USD -0.04
Polarcus Ltd 3.23 NOK -0.07
TGS Nopec Geophysical Co ASA 181.00 NOK -5.20
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Industry Analysis

PGS

Industry Average

Valuation PGS Industry Range
Price/Earnings 11.4x
Price/Sales 1.5x
Price/Book 1.0x
Price/Cash Flow 3.5x
TEV/Sales 0.6x
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