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Last 49.79 NOK
Change Today +0.09 / 0.18%
Volume 23.2K
As of 10:30 AM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

petroleum geo-services (PGS) Snapshot

Open
49.95 NOK
Previous Close
49.70 NOK
Day High
50.15 NOK
Day Low
48.95 NOK
52 Week High
06/13/14 - 69.70 NOK
52 Week Low
12/1/14 - 31.52 NOK
Market Cap
10.8B
Average Volume 10 Days
36.8K
EPS TTM
--
Shares Outstanding
217.8M
EX-Date
05/15/15
P/E TM
--
Dividend
0.70 NOK
Dividend Yield
1.41%
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 a range of seismic and reservoir services worldwide. The company is involved in the acquisition, imaging, interpretation, and field evaluation of seismic data to oil and gas companies, which use this data to explore for hydrocarbon accumulations, to develop new oil and gas fields, and to manage their producing fields. It also offers electromagnetic services, reservoir analysis/interpretation services, and multi-client library data. Petroleum Geo-Services ASA was founded in 1991 and is headquartered in Oslo, Norway.

2,301 Employees
Last Reported Date: 04/15/15
Founded in 1991

petroleum geo-services (PGS) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: $1.3M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $761.2K
Executive Vice President of Operations
Total Annual Compensation: $731.0K
Executive Vice President of Multiclient
Total Annual Compensation: $729.9K
Executive Vice President of Imaging & Enginee...
Total Annual Compensation: $684.6K
Compensation as of Fiscal Year 2014.

petroleum geo-services (PGS) Key Developments

Petroleum Geo-Services ASA Approves Dividend for the Year 2014, Payable on or About May 29, 2015

The Board of Directors of Petroleum Geo-Services ASA approved a dividend of NOK 0.70 per share for the year 2014 at its AGM held on May 13, 2015. The PGS share will trade ex-dividend on May 15, 2015 and the dividend payment date is set to be on, or about, May 29, 2015.

Petroleum Geo Services Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Full Year of 2015

Petroleum Geo Services ASA announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenues of $251.1 million compared to $292.5 million a year ago. EBIT as reported was $10.9 million compared to $45.2 million a year ago. Loss before income tax expense was $10.0 million compared to income before income tax expense of $12.7 million a year ago. Net loss to equity holders of the company was $19.5 million compared to net income to equity holders the company of $4.6 million a year ago. Basic and diluted loss per share was $0.09 compared to basic and diluted earnings per share of $0.02 a year ago. Net cash provided by operating activities was $212.4 million compared to $182.1 million a year ago. Investment in property and equipment was $30.7 million against $144.2 million a year ago. Investment in other intangible assets was $4.9 million against $6.7 million a year ago. Capital expenditures (whether paid or not) were $41.5 million compared to $131.9 million a year ago. Net interest bearing debt was $955.9 million compared to $760.4 million a year ago. EBITDA was $124.8 million compared to $138.5 million a year ago. EBIT excluding impairment charges was $10.9 million compared to $45.2 million a year ago. In first quarter of 2015, revenues for the company decreased $41.4 million, or 14%, compared to first quarter of 2014. The reduction is mainly due to a 41% reduction in contract revenues, while a 12% reduction in MultiClient late sales Revenue was more than offset by a 17% increase of MultiClient pre-funding revenues. Net interest bearing debt (interest bearing debt less cash and cash equivalents, restricted cash and interest bearing loans and investments) was $955.9 million at March 31, 2015, compared to $760.4 million at March 31, 2014 and $1,048.0 million at December 31, 2014. Full the full year of 2015, the company reported EBITDA to be in the range of $550 million - $700 million, capital expenditures to be approximately $250 million. The sharp oil price decline since mid-June 2014 has resulted in a more cautious spending pattern among oil companies impacting bidding, pricing and utilization negatively. The company expects market uncertainty and low earnings visibility to continue well into 2016.

Petroleum Geo-Services ASA, Q1 2015 Earnings Call, Apr 30, 2015

Petroleum Geo-Services ASA, Q1 2015 Earnings Call, Apr 30, 2015

 

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PGS Competitors

Market data is delayed at least 15 minutes.

Company Last Change
CGG SA €6.60 EUR -0.049
Dolphin Group AS 2.07 NOK 0.00
ION Geophysical Corp $1.61 USD -0.05
Key Energy Services Inc $2.50 USD -0.09
TGS Nopec Geophysical Co ASA 193.60 NOK +0.80
View Industry Companies
 

Industry Analysis

PGS

Industry Average

Valuation PGS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.0x
Price/Book 0.7x
Price/Cash Flow 3.4x
TEV/Sales 0.1x
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