Petroleum Geo-Services ASA (PGSVY) Rating Increased to Hold at Zacks Investment Research

Petroleum Geo-Services ASA (OTCMKTS:PGSVY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday, December 28th.

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. “

Separately, ValuEngine upgraded Petroleum Geo-Services ASA from a “strong sell” rating to a “sell” rating in a research report on Friday, September 22nd.

Shares of Petroleum Geo-Services ASA (PGSVY) opened at $2.64 on Thursday. The firm has a market capitalization of $816.32, a P/E ratio of -1.67 and a beta of 1.42. Petroleum Geo-Services ASA has a 12-month low of $1.40 and a 12-month high of $3.57. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.48 and a quick ratio of 1.48.

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About Petroleum Geo-Services ASA

Petroleum Geo-Services ASA (PGS) is a marine geophysical company. The Company provides a range of seismic and reservoir services, including acquisition, imaging, interpretation and field evaluation. Its segments are Marine Contract and MultiClient. The service lines within the Marine segment include Marine Contract, MultiClient pre-funding, MultiClient late sales, Imaging and Other.

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