Added to YB: 2025-09-29
Pitch date: 2025-09-26
TGS.OL [bullish]
TGS ASA
+100.92%
current return
Author Info
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Company Info
TGS ASA provides geoscience data services to the oil and gas industry in Norway and internationally. It operates through Multi client, Marine Data Acquisition (MDA), Imaging, New Energy Solutions (NES), and Shared Services segments.
Market Cap
NOK 3.2B
Pitch Price
NOK 76.40
Price Target
N/A
Dividend
3.77%
EV/EBITDA
5.16
P/E
-1.6K
EV/Sales
2.92
Sector
Energy Equipment and Services
Category
turnaround
TGS: A Seismic Dividend Play at the Cycle Trough
TGS.OL: Seismic co trades near multi-year lows at NOK 74.90, 9% dividend yield. Q2 revenues $308m, weak $133m order inflow vs $368m prior year. Mgmt cut OpEx $50m, reduced fleet 7→6 vessels showing supply discipline. Expects $30m Chevron-Hess transfer fees H2. Structural exploration need with 4-6% field decline rates, deepwater spending +40% 2025-29.
Read full article (3 min)