View ValuationThis company is no longer activeThe company may no longer be operating, as it may be out of business. Find out why through their latest events.See Latest EventsPGS 향후 성장Future 기준 점검 4/6PGS (는) 각각 연간 36.1% 및 5.5% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 35.1% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 19.1% 로 예상됩니다.핵심 정보36.1%이익 성장률35.11%EPS 성장률Energy Services 이익 성장13.5%매출 성장률5.5%향후 자기자본이익률19.05%애널리스트 커버리지Low마지막 업데이트01 Jul 2024최근 향후 성장 업데이트Major Estimate Revision • May 22Consensus EPS estimates fall by 19%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from US$0.062 to US$0.05 per share. Revenue forecast steady at US$924.0m. Net income forecast to grow 26% next year vs 81% growth forecast for Energy Services industry in Norway. Consensus price target up from kr9.14 to kr9.53. Share price rose 3.1% to kr8.14 over the past week.공지 • Apr 10PGS ASA Provides Earnings Guidance for the First Quarter of 2024PGS ASA provided earnings guidance for the first quarter of 2024. The company expects to report revenues of approximately $217 million, compared to $143.1 million in first quarter of 2023.공지 • Jan 10PGS ASA Provides Financial Guidance for the Fourth Quarter of 2023PGS ASA provided financial guidance for the fourth quarter of 2023. For the period, the company expects to report Revenues and Other Income according to IFRS for Fourth Quarter 2023 of approximately $265 million, compared to $216.7 million in Fourth Quarter 2022. The Company expects Produced Revenues for Fourth Quarter 2023 of approximately $227 million, compared to $250.7 million in Fourth Quarter 2022.공지 • Jul 12PGS ASA Provides Financial Guidance for the Second Quarter of 2023PGS ASA provided financial guidance for the second quarter of 2023. Based on a preliminary review, the company expects to report revenues and other income according to IFRS for second quarter 2023 of approximately $156 million, compared to $273.6 million in second quarter 2022. The company expects produced revenues for second quarter 2023 of approximately $186 million, compared to $209.7 million in second quarter 2022.Breakeven Date Change • May 16Forecast breakeven date moved forward to 2023The 6 analysts covering PGS previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of US$63.4m in 2023. Earnings growth of 67% is required to achieve expected profit on schedule.Breakeven Date Change • Apr 27The 5 analysts covering PGS previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of US$87.2m in 2023. Earnings growth of 1.8% is required to achieve expected profit on schedule.모든 업데이트 보기Recent updates공지 • Jul 02PGS ASA(OB:PGS) dropped from Oslo OBX Total Return IndexPGS ASA has been dropped from Oslo OBX TOtal return Index.공지 • Jun 14Glazer Capital, LLC acquired an additional 5.387693% stake in PGS ASA (OB:PGS).Glazer Capital, LLC acquired an additional 5.387693% stake in PGS ASA (OB:PGS) on June 11, 2024. Following the acquisition, Glazer Capital, LLC, together with and through its management of its funds and managed accounts, none of which individually exceeds the reporting threshold, controls a total of 53,652,684 shares and votes, corresponding to 5.62% of the votes and shares outstanding. Glazer Capital, LLC acquired an additional 5.387693% stake in PGS ASA (OB:PGS) on June 11, 2024.Major Estimate Revision • May 22Consensus EPS estimates fall by 19%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from US$0.062 to US$0.05 per share. Revenue forecast steady at US$924.0m. Net income forecast to grow 26% next year vs 81% growth forecast for Energy Services industry in Norway. Consensus price target up from kr9.14 to kr9.53. Share price rose 3.1% to kr8.14 over the past week.분석 기사 • May 21We Think PGS' (OB:PGS) Healthy Earnings Might Be ConservativePGS ASA's ( OB:PGS ) recent earnings report didn't offer any surprises, with the shares unchanged over the last week...New Risk • May 08New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (4.9% increase in shares outstanding).Reported Earnings • May 02Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: US$0.016 loss per share (improved from US$0.055 loss in FY 2022). Revenue: US$721.5m (down 13% from FY 2022). Net loss: US$14.5m (loss narrowed 56% from FY 2022). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 54%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.공지 • Apr 10PGS ASA Provides Earnings Guidance for the First Quarter of 2024PGS ASA provided earnings guidance for the first quarter of 2024. The company expects to report revenues of approximately $217 million, compared to $143.1 million in first quarter of 2023.공지 • Apr 03PGS Commences MultiClient 3D Survey to Unlock Hydrocarbon and Carbon Storage Potential in Penyu Basin, Offshore Peninsular MalaysiaPGS together with its joint venture consortium partners, TGS and SLB have successfully commenced a MultiClient 3D seismic project located in the Penyu Basin, offshore Peninsular Malaysia. In partnership with Malaysia Petroleum Management (MPM), PETRONAS, the custodian of petroleum resources in Malaysia, this project aims to provide insights on the exploration opportunities in a broader play fairway and to assess the carbon storage potential across Penyu Basin area. The acquisition of this new seismic data will enable clients to effectively conduct evaluation on the exploration and carbon storage potential for the upcoming Malaysia Bid Round.Reported Earnings • Feb 16Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: US$0.02 loss per share (improved from US$0.055 loss in FY 2022). Revenue: US$721.5m (down 13% from FY 2022). Net loss: US$14.5m (loss narrowed 56% from FY 2022). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 54%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Jan 19Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 25% to kr6.70. The fair value is estimated to be kr8.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 68%.공지 • Jan 10PGS ASA Provides Financial Guidance for the Fourth Quarter of 2023PGS ASA provided financial guidance for the fourth quarter of 2023. For the period, the company expects to report Revenues and Other Income according to IFRS for Fourth Quarter 2023 of approximately $265 million, compared to $216.7 million in Fourth Quarter 2022. The Company expects Produced Revenues for Fourth Quarter 2023 of approximately $227 million, compared to $250.7 million in Fourth Quarter 2022.Recent Insider Transactions • Dec 12Independent Director recently sold kr1.1m worth of stockOn the 8th of December, Ebrahim Attarzadeh sold around 140k shares on-market at roughly kr8.08 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr1.6m more than they bought in the last 12 months.분석 기사 • Nov 02Is PGS (OB:PGS) Using Too Much Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Reported Earnings • Oct 27Third quarter 2023 earnings released: US$0.007 loss per share (vs US$0.004 profit in 3Q 2022)Third quarter 2023 results: US$0.007 loss per share (down from US$0.004 profit in 3Q 2022). Revenue: US$157.3m (down 21% from 3Q 2022). Net loss: US$6.80m (down 362% from profit in 3Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 60% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Oct 05Now 23% undervaluedOver the last 90 days, the stock is up 39%. The fair value is estimated to be kr11.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Earnings per share has grown by 57%.공지 • Sep 20+ 1 more updateTGS ASA (OB:TGS) agreed the principal terms to acquire PGS ASA (OB:PGS) NOK 9.3 billion.TGS ASA (OB:TGS) agreed the principal terms to acquire PGS ASA (OB:PGS) for NOK 9.3 billion on September 18, 2023. As per the terms of the transaction, consideration to PGS shareholders will be paid in the form of 0.06829 ordinary shares of TGS for each PGS share. Following the completion of the transaction, TGS and PGS shareholders will own approximately 2/3 and 1/3 of the combined company. The transaction is supported by the Board of Directors of both companies. Kristian Johansen and Sven Børre Larsen will continue as CEO and CFO post transaction. Definitive merger agreements are expected to be entered into in October 2023. The transaction remains subject to certain conditions, including a confirmatory due diligence by both parties, finalizing and executing a definitive merger plan, as well as customary closing conditions such as relevant regulatory approvals and consents and expiry of statutory waiting periods and no material adverse change occurring. The transaction is also subject to approval by extraordinary general meetings in both TGS and PGS with at least two-thirds majority, with closing of the transaction expected during the first half of 2024. SpareBank 1 Markets is acting as financial advisor and Schjødt is acting as legal advisor to TGS. Pareto Securities is acting as the financial advisor and Advokatfirmaet BAHR is acting as legal advisor to PGS.Recent Insider Transactions • Sep 03Insider recently sold kr134k worth of stockOn the 31st of August, Nathan Oliver sold around 18k shares on-market at roughly kr7.36 per share. This transaction amounted to 55% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr436k more than they bought in the last 12 months.분석 기사 • Aug 07An Intrinsic Calculation For PGS ASA (OB:PGS) Suggests It's 23% UndervaluedKey Insights The projected fair value for PGS is kr9.89 based on 2 Stage Free Cash Flow to Equity PGS is estimated to...공지 • Aug 02PGS, TGS and CGG Introduce New Tiered Offerings for Versal - the World's First MultiClient Data EcosystemPGS, TGS and CGG announced the launch of new tiered offerings for Versal, the MultiClient data ecosystem. This update gives the entire industry free access to Versal, representing the world's most comprehensive MultiClient data coverage - all in one centralized location. Industry professionals can also benefit from a more personalized solution, with a focus on enhanced accessibility, flexibility and value. The latest updates to the Versal platform are designed to offer even more convenience and scalability for exploration & production, data management and procurement team members through the introduction of Versal Pro and Premium tiers. Versal users now gain unlimited access to the essential data from PGS, TGS and CGG representing the majority of the world's marine MultiClient data available within a single platform. This consolidation eliminates the need to visit multiple vendor websites, streamlining workflows and saving valuable time. The new tiered access model offered by Versal brings unprecedented flexibility to clients. With the free Versal version users can view data coverage, download coverage shape files and import their map layers and shape files. By upgrading to Versal Pro, clients unlock additional benefits, including viewing entitlements, accessing vendor contracts, and downloading acquisition and processing documents. By selecting Versal Premium, clients gain access to enhanced data management capabilities such as seismic visualization and downloading entitled traces.Reported Earnings • Jul 21Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: US$0.01 loss per share (down from US$0.039 profit in 2Q 2022). Revenue: US$156.0m (down 43% from 2Q 2022). Net loss: US$9.30m (down 150% from profit in 2Q 2022). Revenue missed analyst estimates by 21%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.New Risk • Jul 21New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Norwegian stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Shareholders have been diluted in the past year (39% increase in shares outstanding).공지 • Jul 12PGS ASA Provides Financial Guidance for the Second Quarter of 2023PGS ASA provided financial guidance for the second quarter of 2023. Based on a preliminary review, the company expects to report revenues and other income according to IFRS for second quarter 2023 of approximately $156 million, compared to $273.6 million in second quarter 2022. The company expects produced revenues for second quarter 2023 of approximately $186 million, compared to $209.7 million in second quarter 2022.분석 기사 • Jul 11Does PGS (OB:PGS) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...공지 • Jun 30PGS ASA to Report Q2, 2023 Results on Jul 20, 2023PGS ASA announced that they will report Q2, 2023 results at 7:00 AM, Central European Standard Time on Jul 20, 2023분석 기사 • Jun 20Earnings Working Against PGS ASA's (OB:PGS) Share Price Following 25% DiveTo the annoyance of some shareholders, PGS ASA ( OB:PGS ) shares are down a considerable 25% in the last month, which...Breakeven Date Change • May 16Forecast breakeven date moved forward to 2023The 6 analysts covering PGS previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of US$63.4m in 2023. Earnings growth of 67% is required to achieve expected profit on schedule.Board Change • May 06High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Emeliana Rice-Oxley was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 28First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst quarter 2023 results: US$0.06 loss per share. Revenue: US$143.1m (up 5.1% from 1Q 2022). Net loss: US$58.8m (loss widened 20% from 1Q 2022). Revenue missed analyst estimates by 22%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Energy Services industry in Norway.Breakeven Date Change • Apr 27The 5 analysts covering PGS previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of US$87.2m in 2023. Earnings growth of 1.8% is required to achieve expected profit on schedule.분석 기사 • Mar 10Here's Why PGS (OB:PGS) Can Manage Its Debt ResponsiblyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Reported Earnings • Jan 27Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: US$0.06 loss per share (improved from US$0.45 loss in FY 2021). Revenue: US$825.1m (up 18% from FY 2021). Net loss: US$32.8m (loss narrowed 82% from FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 108%. Revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.공지 • Nov 12PGS ASA to Report Fiscal Year 2022 Results on Mar 29, 2023PGS ASA announced that they will report fiscal year 2022 results on Mar 29, 2023공지 • Nov 09+ 1 more updatePGS ASA to Report Q4, 2023 Results on Jan 25, 2024PGS ASA announced that they will report Q4, 2023 results on Jan 25, 2024Reported Earnings • Oct 26Third quarter 2022 earnings released: EPS: US$0.003 (vs US$0.15 loss in 3Q 2021)Third quarter 2022 results: EPS: US$0.003 (up from US$0.15 loss in 3Q 2021). Revenue: US$198.5m (up 40% from 3Q 2021). Net income: US$2.60m (up US$63.3m from 3Q 2021). Profit margin: 1.3% (up from net loss in 3Q 2021). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings.분석 기사 • Oct 17Here's Why PGS (OB:PGS) Is Weighed Down By Its Debt LoadWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Reported Earnings • Jul 22Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: EPS: US$0.04 (up from US$0.066 loss in 2Q 2021). Revenue: US$273.6m (up 47% from 2Q 2021). Net income: US$18.7m (up US$44.7m from 2Q 2021). Profit margin: 6.8% (up from net loss in 2Q 2021). Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) missed analyst estimates by 75%. Over the next year, revenue is forecast to grow 6.8%, compared to a 15% growth forecast for the industry in Norway. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings.Major Estimate Revision • Jul 14Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 losses forecast to reduce from -US$0.12 to -US$0.11 per share. Revenue forecast steady at US$721.7m. Energy Services industry in Norway expected to see average net income growth of 86% next year. Consensus price target broadly unchanged at kr6.01. Share price fell 21% to kr6.01 over the past week.Board Change • May 31High number of new directorsDirector Ebrahim Attarzadeh was the last director to join the board, commencing their role in 2022.Major Estimate Revision • May 06Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from US$652.4m to US$726.8m. EPS estimate reaffirmed at -US$0.13 per share. Energy Services industry in Norway expected to see average net income decline 15% next year. Consensus price target up from kr2.81 to kr4.11. Share price rose 58% to kr5.76 over the past week.Reported Earnings • May 01First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: US$0.12 loss per share (down from US$0.10 loss in 1Q 2021). Revenue: US$136.2m (down 18% from 1Q 2021). Net loss: US$49.2m (loss widened 26% from 1Q 2021). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 68%. Over the next year, revenue is forecast to stay flat compared to a 15% growth forecast for the industry in Norway. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings.Breakeven Date Change • Apr 29Forecast to breakeven in 2024The 5 analysts covering PGS expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 74% per year to 2023. The company is expected to make a profit of US$4.65m in 2024. Average annual earnings growth of 109% is required to achieve expected profit on schedule.Board Change • Apr 27High number of new directorsDirector Ebrahim Attarzadeh was the last director to join the board, commencing their role in 2022.Board Change • Apr 02High number of new directorsDirector Ebrahim Attarzadeh was the last director to join the board, commencing their role in 2022.Reported Earnings • Mar 18Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: US$0.45 loss per share (up from US$0.84 loss in FY 2020). Revenue: US$697.8m (up 48% from FY 2020). Net loss: US$179.4m (loss narrowed 44% from FY 2020). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 36%. Over the next year, revenue is expected to shrink by 5.2% compared to a 14% growth forecast for the industry in Norway. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 46% per year, which means it is performing significantly worse than earnings.Breakeven Date Change • Feb 09Forecast to breakeven in 2023The 6 analysts covering PGS expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 72% to 2022. The company is expected to make a profit of US$2.30m in 2023. Average annual earnings growth of 107% is required to achieve expected profit on schedule.Major Estimate Revision • Feb 03Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 losses forecast to reduce from -US$0.16 to -US$0.13 per share. Revenue forecast steady at US$661.6m. Energy Services industry in Norway expected to see average net income growth of 17% next year. Consensus price target down from kr5.28 to kr3.38. Share price fell 60% to kr1.73 over the past week.Breakeven Date Change • Jan 30Forecast to breakeven in 2024The 4 analysts covering PGS expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 48% per year to 2023. The company is expected to make a profit of US$26.0m in 2024. Average annual earnings growth of 78% is required to achieve expected profit on schedule.Reported Earnings • Jan 28Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: US$0.45 loss per share (up from US$0.84 loss in FY 2020). Revenue: US$703.8m (up 49% from FY 2020). Net loss: US$179.4m (loss narrowed 44% from FY 2020). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 33%. Over the next year, revenue is expected to shrink by 2.8% compared to a 5.9% growth forecast for the industry in Norway. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 57% per year, which means it is performing significantly worse than earnings.Reported Earnings • Oct 22Third quarter 2021 earnings released: US$0.15 loss per share (vs US$0.084 loss in 3Q 2020)The company reported a mediocre third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: US$141.7m (up 67% from 3Q 2020). Net loss: US$60.7m (loss widened 86% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 46% per year, which means it is performing significantly worse than earnings.분석 기사 • Oct 22These 4 Measures Indicate That PGS (OB:PGS) Is Using Debt ExtensivelyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Major Estimate Revision • Jul 29Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 expected loss increased from -US$0.30 to -US$0.35 per share. Revenue forecast unchanged at US$613.7m. Energy Services industry in Norway expected to see average net income decline 53% next year. Consensus price target broadly unchanged at kr7.32. Share price rose 2.2% to kr4.50 over the past week.Reported Earnings • Jul 23Second quarter 2021 earnings released: US$0.07 loss per share (vs US$0.29 loss in 2Q 2020)The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: US$185.9m (up 106% from 2Q 2020). Net loss: US$26.0m (loss narrowed 77% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 53% per year, which means it is significantly lagging earnings.분석 기사 • Jun 30Is PGS (OB:PGS) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Major Estimate Revision • Apr 29Consensus EPS estimates fall to -US$0.34The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from US$641.7m to US$615.7m. Losses expected to increase from -US$0.30 to -US$0.34. Energy Services industry in Norway expected to see average net income decline 2.3% next year. Consensus price target up from kr5.83 to kr6.04. Share price rose 5.5% to kr5.65 over the past week.Reported Earnings • Apr 25First quarter 2021 earnings released: US$0.10 loss per share (vs US$0.32 loss in 1Q 2020)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: US$165.7m (up 29% from 1Q 2020). Net loss: US$39.1m (loss narrowed 67% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 47% per year, which means it is significantly lagging earnings.Recent Insider Transactions • Apr 25Independent Vice Chairperson recently bought kr151k worth of stockOn the 23rd of April, Anne Dalane bought around 30k shares on-market at roughly kr5.03 per share. This was the largest purchase by an insider in the last 3 months. This was Anne's only on-market trade for the last 12 months.Major Estimate Revision • Apr 16Consensus EPS estimates increase to -US$0.30The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from US$586.8m to US$597.9m. EPS estimate increased from -US$0.35 to -US$0.30. Energy Services industry in Norway expected to see average net income growth of 3.0% next year. Consensus price target up from kr3.90 to kr5.87. Share price rose 9.1% to kr6.25 over the past week.분석 기사 • Apr 14Shareholders May Find It Hard To Justify Increasing PGS ASA's (OB:PGS) CEO Compensation For NowThe underwhelming share price performance of PGS ASA ( OB:PGS ) in the past three years would have disappointed many...이익 및 매출 성장 예측OB:PGS - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/2026955127152449312/31/202591074138422512/31/20249305812343453/31/202479642165461N/A12/31/2023722-14182467N/A9/30/2023673-80182438N/A6/30/2023714-70277498N/A3/31/2023832-42259442N/A12/31/2022825-33207371N/A9/30/2022813-81163327N/A6/30/2022756-145104264N/A3/31/2022668-189143301N/A12/31/2021698-179154327N/A9/30/2021662-186160342N/A6/30/2021606-15898293N/A3/31/2021510-24343279N/A12/31/2020473-321103367N/A9/30/2020637-250128404N/A6/30/2020828-186170490N/A3/31/2020930-124205531N/A12/31/2019931-72152474N/A9/30/2019868-106176497N/A6/30/2019755-173139478N/A3/31/2019802-113145492N/A12/31/2018874-88101446N/A9/30/2018840-25950413N/A6/30/2018885-41459398N/A3/31/2018885-45716325N/A12/31/2017839-523N/A282N/A9/30/2017757-485N/A263N/A6/30/2017774-324N/A225N/A3/31/2017716-343N/A218N/A12/31/2016764-294N/A321N/A9/30/2016840-472N/A377N/A6/30/2016841-553N/A368N/A3/31/2016914-565N/A409N/A12/31/2015962-528N/A488N/A9/30/20151,163-287N/A498N/A6/30/20151,331-168N/A658N/A3/31/20151,412-75N/A615N/A12/31/20141,454-51N/A584N/A9/30/20141,38373N/A665N/A6/30/20141,355139N/A623N/A3/31/20141,399180N/A855N/A12/31/20131,502238N/A775N/A9/30/20131,502248N/A728N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: PGS 의 연간 예상 수익 증가율(36.1%)이 saving rate(2.1%)보다 높습니다.수익 vs 시장: PGS 의 연간 수익(36.1%)이 Norwegian 시장(11.5%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: PGS 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: PGS 의 수익(연간 5.5%)이 Norwegian 시장(연간 2.2%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: PGS 의 수익(연간 5.5%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: PGS의 자본 수익률은 3년 후 19.1%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YEnergy 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2024/07/01 19:31종가2024/07/01 00:00수익2024/03/31연간 수익2023/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스PGS ASA는 15명의 분석가가 다루고 있습니다. 이 중 5명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Michael PickupBarclaysAsad FaridBerenbergAlexander BrooksCanaccord Genuity12명의 분석가 더 보기
Major Estimate Revision • May 22Consensus EPS estimates fall by 19%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from US$0.062 to US$0.05 per share. Revenue forecast steady at US$924.0m. Net income forecast to grow 26% next year vs 81% growth forecast for Energy Services industry in Norway. Consensus price target up from kr9.14 to kr9.53. Share price rose 3.1% to kr8.14 over the past week.
공지 • Apr 10PGS ASA Provides Earnings Guidance for the First Quarter of 2024PGS ASA provided earnings guidance for the first quarter of 2024. The company expects to report revenues of approximately $217 million, compared to $143.1 million in first quarter of 2023.
공지 • Jan 10PGS ASA Provides Financial Guidance for the Fourth Quarter of 2023PGS ASA provided financial guidance for the fourth quarter of 2023. For the period, the company expects to report Revenues and Other Income according to IFRS for Fourth Quarter 2023 of approximately $265 million, compared to $216.7 million in Fourth Quarter 2022. The Company expects Produced Revenues for Fourth Quarter 2023 of approximately $227 million, compared to $250.7 million in Fourth Quarter 2022.
공지 • Jul 12PGS ASA Provides Financial Guidance for the Second Quarter of 2023PGS ASA provided financial guidance for the second quarter of 2023. Based on a preliminary review, the company expects to report revenues and other income according to IFRS for second quarter 2023 of approximately $156 million, compared to $273.6 million in second quarter 2022. The company expects produced revenues for second quarter 2023 of approximately $186 million, compared to $209.7 million in second quarter 2022.
Breakeven Date Change • May 16Forecast breakeven date moved forward to 2023The 6 analysts covering PGS previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of US$63.4m in 2023. Earnings growth of 67% is required to achieve expected profit on schedule.
Breakeven Date Change • Apr 27The 5 analysts covering PGS previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of US$87.2m in 2023. Earnings growth of 1.8% is required to achieve expected profit on schedule.
공지 • Jul 02PGS ASA(OB:PGS) dropped from Oslo OBX Total Return IndexPGS ASA has been dropped from Oslo OBX TOtal return Index.
공지 • Jun 14Glazer Capital, LLC acquired an additional 5.387693% stake in PGS ASA (OB:PGS).Glazer Capital, LLC acquired an additional 5.387693% stake in PGS ASA (OB:PGS) on June 11, 2024. Following the acquisition, Glazer Capital, LLC, together with and through its management of its funds and managed accounts, none of which individually exceeds the reporting threshold, controls a total of 53,652,684 shares and votes, corresponding to 5.62% of the votes and shares outstanding. Glazer Capital, LLC acquired an additional 5.387693% stake in PGS ASA (OB:PGS) on June 11, 2024.
Major Estimate Revision • May 22Consensus EPS estimates fall by 19%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from US$0.062 to US$0.05 per share. Revenue forecast steady at US$924.0m. Net income forecast to grow 26% next year vs 81% growth forecast for Energy Services industry in Norway. Consensus price target up from kr9.14 to kr9.53. Share price rose 3.1% to kr8.14 over the past week.
분석 기사 • May 21We Think PGS' (OB:PGS) Healthy Earnings Might Be ConservativePGS ASA's ( OB:PGS ) recent earnings report didn't offer any surprises, with the shares unchanged over the last week...
New Risk • May 08New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (4.9% increase in shares outstanding).
Reported Earnings • May 02Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: US$0.016 loss per share (improved from US$0.055 loss in FY 2022). Revenue: US$721.5m (down 13% from FY 2022). Net loss: US$14.5m (loss narrowed 56% from FY 2022). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 54%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
공지 • Apr 10PGS ASA Provides Earnings Guidance for the First Quarter of 2024PGS ASA provided earnings guidance for the first quarter of 2024. The company expects to report revenues of approximately $217 million, compared to $143.1 million in first quarter of 2023.
공지 • Apr 03PGS Commences MultiClient 3D Survey to Unlock Hydrocarbon and Carbon Storage Potential in Penyu Basin, Offshore Peninsular MalaysiaPGS together with its joint venture consortium partners, TGS and SLB have successfully commenced a MultiClient 3D seismic project located in the Penyu Basin, offshore Peninsular Malaysia. In partnership with Malaysia Petroleum Management (MPM), PETRONAS, the custodian of petroleum resources in Malaysia, this project aims to provide insights on the exploration opportunities in a broader play fairway and to assess the carbon storage potential across Penyu Basin area. The acquisition of this new seismic data will enable clients to effectively conduct evaluation on the exploration and carbon storage potential for the upcoming Malaysia Bid Round.
Reported Earnings • Feb 16Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: US$0.02 loss per share (improved from US$0.055 loss in FY 2022). Revenue: US$721.5m (down 13% from FY 2022). Net loss: US$14.5m (loss narrowed 56% from FY 2022). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 54%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Jan 19Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 25% to kr6.70. The fair value is estimated to be kr8.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 68%.
공지 • Jan 10PGS ASA Provides Financial Guidance for the Fourth Quarter of 2023PGS ASA provided financial guidance for the fourth quarter of 2023. For the period, the company expects to report Revenues and Other Income according to IFRS for Fourth Quarter 2023 of approximately $265 million, compared to $216.7 million in Fourth Quarter 2022. The Company expects Produced Revenues for Fourth Quarter 2023 of approximately $227 million, compared to $250.7 million in Fourth Quarter 2022.
Recent Insider Transactions • Dec 12Independent Director recently sold kr1.1m worth of stockOn the 8th of December, Ebrahim Attarzadeh sold around 140k shares on-market at roughly kr8.08 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr1.6m more than they bought in the last 12 months.
분석 기사 • Nov 02Is PGS (OB:PGS) Using Too Much Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • Oct 27Third quarter 2023 earnings released: US$0.007 loss per share (vs US$0.004 profit in 3Q 2022)Third quarter 2023 results: US$0.007 loss per share (down from US$0.004 profit in 3Q 2022). Revenue: US$157.3m (down 21% from 3Q 2022). Net loss: US$6.80m (down 362% from profit in 3Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 60% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Oct 05Now 23% undervaluedOver the last 90 days, the stock is up 39%. The fair value is estimated to be kr11.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Earnings per share has grown by 57%.
공지 • Sep 20+ 1 more updateTGS ASA (OB:TGS) agreed the principal terms to acquire PGS ASA (OB:PGS) NOK 9.3 billion.TGS ASA (OB:TGS) agreed the principal terms to acquire PGS ASA (OB:PGS) for NOK 9.3 billion on September 18, 2023. As per the terms of the transaction, consideration to PGS shareholders will be paid in the form of 0.06829 ordinary shares of TGS for each PGS share. Following the completion of the transaction, TGS and PGS shareholders will own approximately 2/3 and 1/3 of the combined company. The transaction is supported by the Board of Directors of both companies. Kristian Johansen and Sven Børre Larsen will continue as CEO and CFO post transaction. Definitive merger agreements are expected to be entered into in October 2023. The transaction remains subject to certain conditions, including a confirmatory due diligence by both parties, finalizing and executing a definitive merger plan, as well as customary closing conditions such as relevant regulatory approvals and consents and expiry of statutory waiting periods and no material adverse change occurring. The transaction is also subject to approval by extraordinary general meetings in both TGS and PGS with at least two-thirds majority, with closing of the transaction expected during the first half of 2024. SpareBank 1 Markets is acting as financial advisor and Schjødt is acting as legal advisor to TGS. Pareto Securities is acting as the financial advisor and Advokatfirmaet BAHR is acting as legal advisor to PGS.
Recent Insider Transactions • Sep 03Insider recently sold kr134k worth of stockOn the 31st of August, Nathan Oliver sold around 18k shares on-market at roughly kr7.36 per share. This transaction amounted to 55% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr436k more than they bought in the last 12 months.
분석 기사 • Aug 07An Intrinsic Calculation For PGS ASA (OB:PGS) Suggests It's 23% UndervaluedKey Insights The projected fair value for PGS is kr9.89 based on 2 Stage Free Cash Flow to Equity PGS is estimated to...
공지 • Aug 02PGS, TGS and CGG Introduce New Tiered Offerings for Versal - the World's First MultiClient Data EcosystemPGS, TGS and CGG announced the launch of new tiered offerings for Versal, the MultiClient data ecosystem. This update gives the entire industry free access to Versal, representing the world's most comprehensive MultiClient data coverage - all in one centralized location. Industry professionals can also benefit from a more personalized solution, with a focus on enhanced accessibility, flexibility and value. The latest updates to the Versal platform are designed to offer even more convenience and scalability for exploration & production, data management and procurement team members through the introduction of Versal Pro and Premium tiers. Versal users now gain unlimited access to the essential data from PGS, TGS and CGG representing the majority of the world's marine MultiClient data available within a single platform. This consolidation eliminates the need to visit multiple vendor websites, streamlining workflows and saving valuable time. The new tiered access model offered by Versal brings unprecedented flexibility to clients. With the free Versal version users can view data coverage, download coverage shape files and import their map layers and shape files. By upgrading to Versal Pro, clients unlock additional benefits, including viewing entitlements, accessing vendor contracts, and downloading acquisition and processing documents. By selecting Versal Premium, clients gain access to enhanced data management capabilities such as seismic visualization and downloading entitled traces.
Reported Earnings • Jul 21Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: US$0.01 loss per share (down from US$0.039 profit in 2Q 2022). Revenue: US$156.0m (down 43% from 2Q 2022). Net loss: US$9.30m (down 150% from profit in 2Q 2022). Revenue missed analyst estimates by 21%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.
New Risk • Jul 21New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Norwegian stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Shareholders have been diluted in the past year (39% increase in shares outstanding).
공지 • Jul 12PGS ASA Provides Financial Guidance for the Second Quarter of 2023PGS ASA provided financial guidance for the second quarter of 2023. Based on a preliminary review, the company expects to report revenues and other income according to IFRS for second quarter 2023 of approximately $156 million, compared to $273.6 million in second quarter 2022. The company expects produced revenues for second quarter 2023 of approximately $186 million, compared to $209.7 million in second quarter 2022.
분석 기사 • Jul 11Does PGS (OB:PGS) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
공지 • Jun 30PGS ASA to Report Q2, 2023 Results on Jul 20, 2023PGS ASA announced that they will report Q2, 2023 results at 7:00 AM, Central European Standard Time on Jul 20, 2023
분석 기사 • Jun 20Earnings Working Against PGS ASA's (OB:PGS) Share Price Following 25% DiveTo the annoyance of some shareholders, PGS ASA ( OB:PGS ) shares are down a considerable 25% in the last month, which...
Breakeven Date Change • May 16Forecast breakeven date moved forward to 2023The 6 analysts covering PGS previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of US$63.4m in 2023. Earnings growth of 67% is required to achieve expected profit on schedule.
Board Change • May 06High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Emeliana Rice-Oxley was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 28First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst quarter 2023 results: US$0.06 loss per share. Revenue: US$143.1m (up 5.1% from 1Q 2022). Net loss: US$58.8m (loss widened 20% from 1Q 2022). Revenue missed analyst estimates by 22%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Energy Services industry in Norway.
Breakeven Date Change • Apr 27The 5 analysts covering PGS previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of US$87.2m in 2023. Earnings growth of 1.8% is required to achieve expected profit on schedule.
분석 기사 • Mar 10Here's Why PGS (OB:PGS) Can Manage Its Debt ResponsiblyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Reported Earnings • Jan 27Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: US$0.06 loss per share (improved from US$0.45 loss in FY 2021). Revenue: US$825.1m (up 18% from FY 2021). Net loss: US$32.8m (loss narrowed 82% from FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 108%. Revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.
공지 • Nov 12PGS ASA to Report Fiscal Year 2022 Results on Mar 29, 2023PGS ASA announced that they will report fiscal year 2022 results on Mar 29, 2023
공지 • Nov 09+ 1 more updatePGS ASA to Report Q4, 2023 Results on Jan 25, 2024PGS ASA announced that they will report Q4, 2023 results on Jan 25, 2024
Reported Earnings • Oct 26Third quarter 2022 earnings released: EPS: US$0.003 (vs US$0.15 loss in 3Q 2021)Third quarter 2022 results: EPS: US$0.003 (up from US$0.15 loss in 3Q 2021). Revenue: US$198.5m (up 40% from 3Q 2021). Net income: US$2.60m (up US$63.3m from 3Q 2021). Profit margin: 1.3% (up from net loss in 3Q 2021). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings.
분석 기사 • Oct 17Here's Why PGS (OB:PGS) Is Weighed Down By Its Debt LoadWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Reported Earnings • Jul 22Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: EPS: US$0.04 (up from US$0.066 loss in 2Q 2021). Revenue: US$273.6m (up 47% from 2Q 2021). Net income: US$18.7m (up US$44.7m from 2Q 2021). Profit margin: 6.8% (up from net loss in 2Q 2021). Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) missed analyst estimates by 75%. Over the next year, revenue is forecast to grow 6.8%, compared to a 15% growth forecast for the industry in Norway. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings.
Major Estimate Revision • Jul 14Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 losses forecast to reduce from -US$0.12 to -US$0.11 per share. Revenue forecast steady at US$721.7m. Energy Services industry in Norway expected to see average net income growth of 86% next year. Consensus price target broadly unchanged at kr6.01. Share price fell 21% to kr6.01 over the past week.
Board Change • May 31High number of new directorsDirector Ebrahim Attarzadeh was the last director to join the board, commencing their role in 2022.
Major Estimate Revision • May 06Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from US$652.4m to US$726.8m. EPS estimate reaffirmed at -US$0.13 per share. Energy Services industry in Norway expected to see average net income decline 15% next year. Consensus price target up from kr2.81 to kr4.11. Share price rose 58% to kr5.76 over the past week.
Reported Earnings • May 01First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: US$0.12 loss per share (down from US$0.10 loss in 1Q 2021). Revenue: US$136.2m (down 18% from 1Q 2021). Net loss: US$49.2m (loss widened 26% from 1Q 2021). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 68%. Over the next year, revenue is forecast to stay flat compared to a 15% growth forecast for the industry in Norway. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings.
Breakeven Date Change • Apr 29Forecast to breakeven in 2024The 5 analysts covering PGS expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 74% per year to 2023. The company is expected to make a profit of US$4.65m in 2024. Average annual earnings growth of 109% is required to achieve expected profit on schedule.
Board Change • Apr 27High number of new directorsDirector Ebrahim Attarzadeh was the last director to join the board, commencing their role in 2022.
Board Change • Apr 02High number of new directorsDirector Ebrahim Attarzadeh was the last director to join the board, commencing their role in 2022.
Reported Earnings • Mar 18Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: US$0.45 loss per share (up from US$0.84 loss in FY 2020). Revenue: US$697.8m (up 48% from FY 2020). Net loss: US$179.4m (loss narrowed 44% from FY 2020). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 36%. Over the next year, revenue is expected to shrink by 5.2% compared to a 14% growth forecast for the industry in Norway. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 46% per year, which means it is performing significantly worse than earnings.
Breakeven Date Change • Feb 09Forecast to breakeven in 2023The 6 analysts covering PGS expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 72% to 2022. The company is expected to make a profit of US$2.30m in 2023. Average annual earnings growth of 107% is required to achieve expected profit on schedule.
Major Estimate Revision • Feb 03Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 losses forecast to reduce from -US$0.16 to -US$0.13 per share. Revenue forecast steady at US$661.6m. Energy Services industry in Norway expected to see average net income growth of 17% next year. Consensus price target down from kr5.28 to kr3.38. Share price fell 60% to kr1.73 over the past week.
Breakeven Date Change • Jan 30Forecast to breakeven in 2024The 4 analysts covering PGS expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 48% per year to 2023. The company is expected to make a profit of US$26.0m in 2024. Average annual earnings growth of 78% is required to achieve expected profit on schedule.
Reported Earnings • Jan 28Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: US$0.45 loss per share (up from US$0.84 loss in FY 2020). Revenue: US$703.8m (up 49% from FY 2020). Net loss: US$179.4m (loss narrowed 44% from FY 2020). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 33%. Over the next year, revenue is expected to shrink by 2.8% compared to a 5.9% growth forecast for the industry in Norway. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 57% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Oct 22Third quarter 2021 earnings released: US$0.15 loss per share (vs US$0.084 loss in 3Q 2020)The company reported a mediocre third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: US$141.7m (up 67% from 3Q 2020). Net loss: US$60.7m (loss widened 86% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 46% per year, which means it is performing significantly worse than earnings.
분석 기사 • Oct 22These 4 Measures Indicate That PGS (OB:PGS) Is Using Debt ExtensivelyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Major Estimate Revision • Jul 29Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 expected loss increased from -US$0.30 to -US$0.35 per share. Revenue forecast unchanged at US$613.7m. Energy Services industry in Norway expected to see average net income decline 53% next year. Consensus price target broadly unchanged at kr7.32. Share price rose 2.2% to kr4.50 over the past week.
Reported Earnings • Jul 23Second quarter 2021 earnings released: US$0.07 loss per share (vs US$0.29 loss in 2Q 2020)The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: US$185.9m (up 106% from 2Q 2020). Net loss: US$26.0m (loss narrowed 77% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 53% per year, which means it is significantly lagging earnings.
분석 기사 • Jun 30Is PGS (OB:PGS) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Major Estimate Revision • Apr 29Consensus EPS estimates fall to -US$0.34The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from US$641.7m to US$615.7m. Losses expected to increase from -US$0.30 to -US$0.34. Energy Services industry in Norway expected to see average net income decline 2.3% next year. Consensus price target up from kr5.83 to kr6.04. Share price rose 5.5% to kr5.65 over the past week.
Reported Earnings • Apr 25First quarter 2021 earnings released: US$0.10 loss per share (vs US$0.32 loss in 1Q 2020)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: US$165.7m (up 29% from 1Q 2020). Net loss: US$39.1m (loss narrowed 67% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 47% per year, which means it is significantly lagging earnings.
Recent Insider Transactions • Apr 25Independent Vice Chairperson recently bought kr151k worth of stockOn the 23rd of April, Anne Dalane bought around 30k shares on-market at roughly kr5.03 per share. This was the largest purchase by an insider in the last 3 months. This was Anne's only on-market trade for the last 12 months.
Major Estimate Revision • Apr 16Consensus EPS estimates increase to -US$0.30The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from US$586.8m to US$597.9m. EPS estimate increased from -US$0.35 to -US$0.30. Energy Services industry in Norway expected to see average net income growth of 3.0% next year. Consensus price target up from kr3.90 to kr5.87. Share price rose 9.1% to kr6.25 over the past week.
분석 기사 • Apr 14Shareholders May Find It Hard To Justify Increasing PGS ASA's (OB:PGS) CEO Compensation For NowThe underwhelming share price performance of PGS ASA ( OB:PGS ) in the past three years would have disappointed many...