Petroleum Geo-Services ASA (OTCMKTS:PGSVY) Releases Quarterly Earnings Results, Misses Expectations By $0.15 EPS

Petroleum Geo-Services ASA (OTCMKTS:PGSVY) issued its quarterly earnings data on Thursday. The energy company reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.15), reports. Petroleum Geo-Services ASA had a negative return on equity of 25.33% and a negative net margin of 22.90%. The firm had revenue of $192.40 million during the quarter.

Shares of PGSVY opened at $1.38 on Friday. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.60 and a quick ratio of 0.60. Petroleum Geo-Services ASA has a one year low of $1.22 and a one year high of $5.23. The business has a fifty day moving average price of $1.60.

Separately, DNB Markets lowered Petroleum Geo-Services ASA from a “hold” rating to a “sell” rating in a report on Thursday, June 20th.

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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Earnings History for Petroleum Geo-Services ASA (OTCMKTS:PGSVY)

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