Petroleum Geo-Services ASA (OTCMKTS:PGSVY) Upgraded by ValuEngine to “Buy”

ValuEngine upgraded shares of Petroleum Geo-Services ASA (OTCMKTS:PGSVY) from a hold rating to a buy rating in a research report released on Wednesday morning, ValuEngine reports.

Separately, Barclays downgraded shares of Petroleum Geo-Services ASA from an overweight rating to an equal weight rating in a research report on Monday, November 25th.

Petroleum Geo-Services ASA stock traded down $0.04 during mid-day trading on Wednesday, reaching $1.98. 500 shares of the company’s stock traded hands, compared to its average volume of 2,690. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.45 and a quick ratio of 0.45. Petroleum Geo-Services ASA has a 12-month low of $1.11 and a 12-month high of $2.61. The stock has a 50 day moving average of $1.74 and a two-hundred day moving average of $1.52.

Petroleum Geo-Services ASA (OTCMKTS:PGSVY) last posted its quarterly earnings results on Thursday, October 17th. The energy company reported $0.09 EPS for the quarter. Petroleum Geo-Services ASA had a negative net margin of 12.21% and a negative return on equity of 16.45%. The business had revenue of $276.50 million during the quarter.

Petroleum Geo-Services ASA Company Profile

Petroleum Geo-Services ASA, a marine geophysical company, provides geophysical services. The company operates through three business units: Sales & Imaging, New Ventures, and Operations & Technology. It offers a range of seismic and reservoir services, including acquisition, imaging, interpretation, and field evaluation to oil and gas companies.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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