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Last 185.50 NOK
Change Today +1.20 / 0.65%
Volume 627.7K
As of 10:25 AM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

tgs nopec geophysical co asa (TGS) Snapshot

Open
180.80 NOK
Previous Close
184.30 NOK
Day High
186.70 NOK
Day Low
179.00 NOK
52 Week High
05/5/14 - 210.60 NOK
52 Week Low
12/16/14 - 143.20 NOK
Market Cap
19.1B
Average Volume 10 Days
1.0M
EPS TTM
1.74 NOK
Shares Outstanding
103.2M
EX-Date
05/7/15
P/E TM
13.7x
Dividend
8.50 NOK
Dividend Yield
4.58%
Current Stock Chart for TGS NOPEC GEOPHYSICAL CO ASA (TGS)

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tgs nopec geophysical co asa (TGS) Details

TGS-Nopec Geophysical Company ASA engages in the provision of geoscientific data products and services to the oil and gas industry worldwide. The company provides geophysical multi-client data, including seismic, gravity, and magnetic data; geophysical library comprising gravity, magnetic, seep, geothermal core, controlled source electromagnetic, and multi-beam data; and geologic products and services consisting of digital well logs, as well as interpretation studies and services that integrate seismic, well log, biostratigraphic, core, and other geoscientific data to support hydrocarbon exploration. It also offers imaging services, including depth and time imaging; marine, land, and ocean bottom cable and nodes; and transition zone processing, azimuth data processing, and anisotropic imaging services. In addition, the company provides reservoir analysis tools used to provide in-depth analyses for exploration prospects; and PRIMA, a multi-function exploration software suite. TGS-Nopec Geophysical Company ASA was founded in 1981 and is headquartered in Asker, Norway.

943 Employees
Last Reported Date: 04/10/15
Founded in 1981

tgs nopec geophysical co asa (TGS) Top Compensated Officers

Chief Executive Officer and Chief Executive O...
Total Annual Compensation: $1.7M
Chief Financial Officer and Chief Operating O...
Total Annual Compensation: $739.0K
Senior Vice President of Data Processing, Res...
Total Annual Compensation: $704.0K
Senior Vice President of Geological Products ...
Total Annual Compensation: $608.0K
Senior Vice President of Eastern Hemisphere
Total Annual Compensation: $573.0K
Compensation as of Fiscal Year 2014.

tgs nopec geophysical co asa (TGS) Key Developments

TGS-NOPEC Geophysical Company ASA Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Year 2015

TGS-NOPEC Geophysical Company ASA reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net revenues of $172 million, compared to $222 million in first quarter of 2014. Operating profit (EBIT) was $37 million, compared to $94 million in the first quarter of 2014. Cash flow from operations was $260 million, compared to $221 million in the first quarter of 2014. Earnings per fully diluted share was $0.28, down from $0.66 in the first quarter of 2014. Pre-tax profit was $36.018 million against $97.113 million a year ago. Net income was $28.666 million against $68.017 million a year ago. EBITDA was $145.4 million, down 21% from $184.6 million a year ago. Investments in tangible and intangible assets was $2.449 million against $8.655 million a year ago. The company expects annual net revenues of approximately $630 million for 2015, down from $750 million as originally communicated in January. Operating profit (EBIT) is expected to be negatively affected by higher amortization, and management is carefully monitoring the book value of the multi-client library in light of the current market conditions.

Dolphin Mobilise for a Joint Venture Agreement with TGS to Acquire New Multi-Client 3D in Barents Sea

Dolphin is mobilising M/V Polar Duchess for a signed joint venture agreement with TGS to acquire a 4.500 sq.km 3D Multi-Client seismic survey over the Western part of the Hammerfest Basin in the Barents Sea. The survey will provide industry with broadband seismic data over APA acreage not previously covered by modern Multi-Client-3D. Successful exploration of remaining resources in this area could provide the key to commercial production developments in this part of the Barents Sea. The new survey is based and planned on TGS' and Dolphin's existing data and G&G knowledge in this geographical area. The new project links the existing Dolphin's Gotha 3D survey with TGS' Finnmark Plattform 3D surveys and will provide industry with seamless data coverage over large areas in the Western Barents Sea.

TGS to Lay Off 10% of its Workforce in April

TGS announced that it would lay off 10% of its workforce in April after crude oil prices halved and expects to reduce costs by $10 million through various measures.

 

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TGS Competitors

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Company Last Change
Core Laboratories NV $124.69 USD -0.63
Dolphin Group AS 2.27 NOK +0.03
ION Geophysical Corp $2.31 USD -0.05
Petroleum Geo-Services ASA 45.50 NOK +1.51
Polarcus Ltd 0.38 NOK -0.01
View Industry Companies
 

Industry Analysis

TGS

Industry Average

Valuation TGS Industry Range
Price/Earnings 13.7x
Price/Sales 2.8x
Price/Book 1.8x
Price/Cash Flow 4.5x
TEV/Sales 2.4x
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