Petroleum Geo-Services ASA (OTCMKTS:PGSVY) Given Average Rating of “Hold” by Analysts

Petroleum Geo-Services ASA (OTCMKTS:PGSVY) has been assigned a consensus recommendation of “Hold” from the six research firms that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company.

Several research firms have commented on PGSVY. ValuEngine upgraded shares of Petroleum Geo-Services ASA from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Goldman Sachs Group downgraded shares of Petroleum Geo-Services ASA from a “buy” rating to a “sell” rating in a research note on Monday, March 16th. UBS Group reiterated a “neutral” rating on shares of Petroleum Geo-Services ASA in a research note on Tuesday, May 26th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Petroleum Geo-Services ASA in a research note on Thursday, April 16th.

Petroleum Geo-Services ASA stock remained flat at $$0.37 during trading on Tuesday. 9,481 shares of the company traded hands, compared to its average volume of 6,004. Petroleum Geo-Services ASA has a 12-month low of $0.23 and a 12-month high of $2.34. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 1.66. The company has a fifty day simple moving average of $0.33 and a 200 day simple moving average of $1.17. The stock has a market cap of $131.65 million, a PE ratio of -1.10 and a beta of 3.41.

Petroleum Geo-Services ASA (OTCMKTS:PGSVY) last posted its quarterly earnings results on Thursday, April 23rd. The energy company reported ($0.21) EPS for the quarter. The business had revenue of $128.80 million during the quarter. Petroleum Geo-Services ASA had a negative return on equity of 13.79% and a negative net margin of 13.35%.

About Petroleum Geo-Services ASA

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.

Recommended Story: Catch-Up Contributions

Analyst Recommendations for Petroleum Geo-Services ASA (OTCMKTS:PGSVY)

Receive News & Ratings for Petroleum Geo-Services ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petroleum Geo-Services ASA and related companies with MarketBeat.com's FREE daily email newsletter.