Zacks Investment Research upgraded shares of Petroleum Geo-Services ASA (NASDAQ:PGSVY) from a sell rating to a hold rating in a report published on Wednesday.

According to Zacks, “Petroleum Geo-Services is a technologically focused oilfield service company principally involved in geophysical and floating production services. PGS provides a broad range of seismic- and reservoir services, including acquisition, processing, interpretation, and field evaluation. PGS owns and operates four floating production, storage and offloading units and owns a small oil and gas company. PGS operates on a worldwide basis with headquarters at Lysaker, Norway. “

Shares of Petroleum Geo-Services ASA (NASDAQ:PGSVY) opened at 2.05 on Wednesday. The firm’s market capitalization is $488.67 million. Petroleum Geo-Services ASA has a 52 week low of $1.80 and a 52 week high of $4.95. The company’s 50-day moving average is $2.15 and its 200 day moving average is $2.55.

Petroleum Geo-Services ASA Company Profile

Petroleum Geo-Services ASA (PGS) is a Norway-based marine geophysical company. The Company offers a range of seismic and reservoir services, including acquisition, imaging, interpretation and field evaluation. PGS provides marine geophysical solutions that facilitate hydrocarbon discovery and recovery.

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