Petroleum Geo-Services ASA (OTCMKTS:PGSVY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday.
According to Zacks, “Petroleum Geo-Services is a technologically focused oilfield service company principally involved in geophysical and floating production services. PGS provides a broad range of seismic- and reservoir services, including acquisition, processing, interpretation, and field evaluation. PGS owns and operates four floating production, storage and offloading units and owns a small oil and gas company. PGS operates on a worldwide basis with headquarters at Lysaker, Norway. “
Shares of Petroleum Geo-Services ASA (OTCMKTS:PGSVY) traded down 4.07% on Friday, hitting $2.83. The stock had a trading volume of 67,796 shares. Petroleum Geo-Services ASA has a 52 week low of $1.80 and a 52 week high of $4.68.
Petroleum Geo-Services ASA (OTCMKTS:PGSVY) last issued its quarterly earnings results on Thursday, October 27th. The company reported ($0.12) EPS for the quarter. Petroleum Geo-Services ASA had a negative return on equity of 20.51% and a negative net margin of 56.28%. Equities research analysts anticipate that Petroleum Geo-Services ASA will post ($0.58) EPS for the current fiscal year.
About Petroleum Geo-Services ASA