(VIANEWS) – Shares of PGS (Oslo Børs Benchmark Index_GI: PGS.OL) dropped by a staggering 11.31% to kr6.18 at 11:40 EST on Monday, following the last session’s downward trend. Oslo Børs Benchmark Index_GI is falling 0.4% to kr1,226.66, after three sequential sessions in a row of gains. This seems, up to now, a somewhat down trend trading session today.
PGS’s last close was kr6.97, 47% under its 52-week high of kr13.15.
About PGS
PGS ASA, together with its subsidiaries, operates as a marine geophysical company primarily in Norway. The company provides a range of seismic and reservoir services, including data acquisition, imaging, interpretation, and field evaluation to oil and gas companies, as well as carbon storage and offshore wind markets. It also operates in the Asia Pacific, Canada, Egypt, the Americas, Angola, the United Kingdom, Greece, Cyprus, Ukraine, Brazil, South Africa, other African countries, the Middle East, and internationally. The company was formerly known as Petroleum Geo-Services ASA and changed its name to PGS ASA in May 2019. PGS ASA was founded in 1991 and is headquartered in Oslo, Norway.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -12.79%.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is 13.8% and 122.2%, respectively.
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