Today, Petroleum Geo-Services ASA (PGSVY) Decreased to Sell at The Zacks Investment Research

Today, Petroleum Geo-Services ASA (PGSVY) Decreased to Sell at The Zacks Investment Research

Petroleum Geo-Services ASA (OTCMKTS:PGSVY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

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. “

Petroleum Geo-Services ASA (OTCMKTS:PGSVY) traded down 1.07% during midday trading on Wednesday, hitting $2.77. The company’s stock had a trading volume of 1,190 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 earnings results on Thursday, October 27th. The company reported ($0.12) earnings per share (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%. Analysts expect that Petroleum Geo-Services ASA will post ($0.58) earnings per share for the current year.

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