TGS ASA (TGSNF)
TGS ASA operates in the Oil & Gas Equipment & Services industry of the Energy sector, headquartered in Oslo, AK, NO. The stock last traded at $14.50, up 6.07% on the session, giving a market capitalisation of $2.85B. On trailing twelve-month figures it carries a trailing P/E of 29.64, a net margin of 7.2%. Its beta of -0.06 implies it has historically moved less than the broad market.
TGS ASA, headquartered in Oslo, Norway, and established in 1981, specializes in providing geoscience data products and related services globally to the oil and gas industry. Its comprehensive offerings encompass multi-client geophysical data, notably seismic surveys. The company also curates a vast geophysical library featuring diverse data types such as gravity, magnetic, seep, geothermal, controlled source electromagnetic (CSEM), and multibeam data. In addition to data acquisition, TGS delivers geological services, including digital well logs, along with sophisticated interpretation products and integrated data solutions. A significant aspect of its service portfolio is advanced imaging, spanning depth and time imaging. This involves processing data from various sources like marine, land, and ocean bottom cables and nodes, utilizing specialized techniques such as anisotropic imaging, transition zone processing, multi-component processing, shear wave analysis, 4D time-lapse studies, and wide azimuth data processing. Furthermore, TGS provides data and analytics solutions and is the developer of PRIMA, a versatile software suite designed for exploration. The company officially adopted its current name, TGS ASA, in June 2021, having previously operated as TGS-NOPEC Geophysical Company ASA.
TGS ASA is most often compared with the following Energy names: