Added to YB: 2025-09-29
Pitch date: 2025-09-26
TGS.OL [bullish]
TGS ASA
-0.72%
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. The company offers geophysical data, such as multi-client seismic data; geological data comprising well data products, and interpretive studies and services; and interpretation products and data integration solutions.
Market Cap
NOK 1.5B
Pitch Price
NOK 76.40
Price Target
N/A
Dividend
8.26%
EV/EBITDA
2.30
P/E
59.20
EV/Sales
1.24
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)