Petroleum Geo-Services ASA (OTCMKTS:PGSVY) Shares Up 2.2%

Petroleum Geo-Services ASA (OTCMKTS:PGSVY)’s share price shot up 2.2% during trading on Thursday . The company traded as high as $1.86 and last traded at $1.86, 1,534 shares traded hands during mid-day trading. An increase of 8% from the average session volume of 1,417 shares. The stock had previously closed at $1.82.

A number of brokerages have commented on PGSVY. Barclays cut Petroleum Geo-Services ASA from an “overweight” rating to an “equal weight” rating in a research note on Monday, November 25th. ValuEngine cut Petroleum Geo-Services ASA from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd.

The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.45 and a current ratio of 0.45. The company has a 50 day moving average price of $1.99 and a 200-day moving average price of $1.60.

Petroleum Geo-Services ASA (OTCMKTS:PGSVY) last posted its earnings results on Thursday, January 30th. The energy company reported $0.03 earnings per share (EPS) for the quarter. Petroleum Geo-Services ASA had a negative return on equity of 11.60% and a negative net margin of 7.71%. The firm had revenue of $332.60 million for the quarter.

Petroleum Geo-Services ASA Company Profile (OTCMKTS:PGSVY)

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.

Further Reading: Cash Flow

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