PGS ASA

OB:PGS Stock Report

Market Cap: NOK 8.6b

This company is no longer active

The company may no longer be operating, as it may be out of business. Find out why through their latest events.

PGS Management

Management criteria checks 3/4

PGS' CEO is Rune Pedersen, appointed in Sep 2017, has a tenure of 6.83 years. total yearly compensation is $1.53M, comprised of 37.3% salary and 62.7% bonuses, including company stock and options. directly owns 0.076% of the company’s shares, worth NOK6.55M. The average tenure of the management team and the board of directors is 5.5 years and 5.3 years respectively.

Key information

Rune Pedersen

Chief executive officer

US$1.5m

Total compensation

CEO salary percentage37.3%
CEO tenure6.8yrs
CEO ownership0.08%
Management average tenure5.5yrs
Board average tenure5.3yrs

Recent management updates

Recent updates

We Think PGS' (OB:PGS) Healthy Earnings Might Be Conservative

May 21
We Think PGS' (OB:PGS) Healthy Earnings Might Be Conservative

Is PGS (OB:PGS) Using Too Much Debt?

Nov 02
Is PGS (OB:PGS) Using Too Much Debt?

An Intrinsic Calculation For PGS ASA (OB:PGS) Suggests It's 23% Undervalued

Aug 07
An Intrinsic Calculation For PGS ASA (OB:PGS) Suggests It's 23% Undervalued

Does PGS (OB:PGS) Have A Healthy Balance Sheet?

Jul 11
Does PGS (OB:PGS) Have A Healthy Balance Sheet?

Earnings Working Against PGS ASA's (OB:PGS) Share Price Following 25% Dive

Jun 20
Earnings Working Against PGS ASA's (OB:PGS) Share Price Following 25% Dive

Here's Why PGS (OB:PGS) Can Manage Its Debt Responsibly

Mar 10
Here's Why PGS (OB:PGS) Can Manage Its Debt Responsibly

Here's Why PGS (OB:PGS) Is Weighed Down By Its Debt Load

Oct 17
Here's Why PGS (OB:PGS) Is Weighed Down By Its Debt Load

These 4 Measures Indicate That PGS (OB:PGS) Is Using Debt Extensively

Oct 22
These 4 Measures Indicate That PGS (OB:PGS) Is Using Debt Extensively

Is PGS (OB:PGS) A Risky Investment?

Jun 30
Is PGS (OB:PGS) A Risky Investment?

Shareholders May Find It Hard To Justify Increasing PGS ASA's (OB:PGS) CEO Compensation For Now

Apr 14
Shareholders May Find It Hard To Justify Increasing PGS ASA's (OB:PGS) CEO Compensation For Now

CEO Compensation Analysis

How has Rune Pedersen's remuneration changed compared to PGS's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2024n/an/a

US$42m

Dec 31 2023US$2mUS$570k

-US$14m

Sep 30 2023n/an/a

-US$80m

Jun 30 2023n/an/a

-US$70m

Mar 31 2023n/an/a

-US$42m

Dec 31 2022US$1mUS$576k

-US$33m

Sep 30 2022n/an/a

-US$81m

Jun 30 2022n/an/a

-US$145m

Mar 31 2022n/an/a

-US$189m

Dec 31 2021US$805kUS$612k

-US$179m

Sep 30 2021n/an/a

-US$186m

Jun 30 2021n/an/a

-US$158m

Mar 31 2021n/an/a

-US$243m

Dec 31 2020US$742kUS$464k

-US$321m

Sep 30 2020n/an/a

-US$250m

Jun 30 2020n/an/a

-US$186m

Mar 31 2020n/an/a

-US$124m

Dec 31 2019US$937kUS$534k

-US$72m

Sep 30 2019n/an/a

-US$106m

Jun 30 2019n/an/a

-US$173m

Mar 31 2019n/an/a

-US$113m

Dec 31 2018US$828kUS$504k

-US$88m

Sep 30 2018n/an/a

-US$259m

Jun 30 2018n/an/a

-US$414m

Mar 31 2018n/an/a

-US$457m

Dec 31 2017US$571kUS$453k

-US$523m

Compensation vs Market: Rune's total compensation ($USD1.53M) is above average for companies of similar size in the Norwegian market ($USD707.13K).

Compensation vs Earnings: Rune's compensation has been consistent with company performance over the past year.

CEO

Rune Pedersen (54 yo)

6.8yrs

Tenure

US$1,527,085

Compensation

Mr. Rune Olav Pedersen is Chairperson of Petroleum Geo-Services AS. Mr. Pedersen has been President and Chief Executive Officer of PGS ASA (formerly known as Petroleum Geo-Services ASA) since September 1,...

Leadership Team

NamePositionTenureCompensationOwnership
Rune Pedersen
President & CEO6.8yrsUS$1.53m0.076%
NOK 6.6m
Gottfred Langseth
CFO & Executive VP20.5yrsUS$830.14k0.14%
NOK 11.8m
Robert Adams
Executive Vice President of Operations4.5yrsUS$690.68k0.0055%
NOK 475.1k
Nathan Oliver
Executive Vice President of Sales & Services5.5yrsUS$699.91k0.0016%
NOK 135.1k
Anette Valbo
Bid Manager & Employee Elected Directorno dataUS$12.62k0.00041%
NOK 35.3k
Berit Osnes
Executive Vice President of New Energy5.5yrsUS$546.37k0.0083%
NOK 710.1k
Eivind Versteras
Special Projects Manager of Operations Division & Employee Elected Directorno dataUS$12.62k0.011%
NOK 978.6k
David Dakin
Chief Accounting Officerno datano datano data
Erik Ewig
Senior Vice President of Technology & Digitalization4.5yrsno data0.00077%
NOK 66.3k
Bard Stenberg
Vice President of IR & Corporate Communicationno datano data0.0027%
NOK 235.0k
Lars van der Bijl Mysen
General Counselno datano data0.021%
NOK 1.8m
Kai Reith
Senior VP of Corporate Developmentno datano data0.0082%
NOK 704.0k

5.5yrs

Average Tenure

58yo

Average Age

Experienced Management: PGS's management team is seasoned and experienced (5.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Anette Valbo
Bid Manager & Employee Elected Director9.5yrsUS$12.62k0.00041%
NOK 35.3k
Eivind Versteras
Special Projects Manager of Operations Division & Employee Elected Director3.5yrsUS$12.62k0.011%
NOK 978.6k
Anne Dalane
Independent Vice Chairperson11.5yrsUS$77.06k0.0076%
NOK 658.4k
Richard Herbert
Independent Director7.2yrsUS$70.79k0.012%
NOK 1.0m
Trond Brandsrud
Independent Director5.3yrsUS$72.20k0.012%
NOK 992.4k
Walter Qvam
Independent Chairperson11.5yrsUS$110.44k0.014%
NOK 1.2m
Ebrahim Attarzadeh
Independent Director2.3yrsUS$77.88kno data
Shona Grant
Independent Director2.3yrsUS$67.88k0.0079%
NOK 676.5k
Emeliana Rice-Oxley
Director1.3yrsUS$36.98kno data
Carine Roalkvam
Directorno dataUS$8.52k0.00041%
NOK 35.3k

5.3yrs

Average Tenure

66yo

Average Age

Experienced Board: PGS's board of directors are considered experienced (5.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/07/01 14:05
End of Day Share Price 2024/07/01 00:00
Earnings2024/03/31
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

PGS ASA is covered by 28 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Iver BaatvikABN AMRO Bank N.V.
Marzio FoaAlphaValue
Christian YggesethArctic Securities ASA