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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  CGG    CGG   FR0013181864

CGG

(CGG)
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CGG : Close to major technical levels

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01/14/2020 | 09:18am EST
short sell
Live
Entry price : 2.893€ | Target : 2.59€ | Stop-loss : 3.13€ | Potential : 10.47%
The resistance zone around 2.98 EUR on the weekly chart shuold rein in spikes to the upside. The timing to get ahead of the start of a correction in shares of CGG seems very opportune.
Investors should open a short trade and target the € 2.59.
CGG : CGG : Close to major technical levels
Summary
  • For a short-term investment strategy, the company has poor fundamentals.

Strengths
  • Over the last seven days, analysts have been revising upwards their EPS estimates for the company.
  • For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
  • Within the weekly time frame the stock shows a bullish technical configuration above the support level at 1.99 EUR

Weaknesses
  • Stock prices approach a strong long-term resistance in weekly data at EUR 2.98.
  • Technically, the stock approaches a strong medium-term resistance at EUR 3.03.
  • With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.
  • The company sustains low margins.
  • Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.
  • Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.
  • For the last four months, EPS estimates made by Standard & Poor's analysts have been revised downwards.
Ratings chart
Subsector Oil Related Services and Equipment
1st jan.Capitalisation (M$)Investor Rating
CGG1.04%2 301
SCHLUMBERGER NV-4.55%53 119
HALLIBURTON COMPANY-2.08%21 032
BAKER HUGHES-7.88%15 343
TENARIS2.09%13 424
NATIONAL OILWELL VARCO, INC..-6.19%9 067
TECHNIPFMC-7.70%8 847
WORLEY LIMITED4.77%5 744
YANTAI JEREH OILFIELD SERVI..--.--%5 608
OFFSHORE OIL ENGINEERING CO..5.69%5 022
SAIPEM S.P.A.1.74%4 894
More Results

Laurent Polsinelli
© MarketScreener.com 2020
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Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials (USD)
Sales 2019 1 368 M
EBIT 2019 225 M
Net income 2019 -115 M
Debt 2019 653 M
Yield 2019 -
P/E ratio 2019 -39,5x
P/E ratio 2020 25,7x
EV / Sales2019 2,16x
EV / Sales2020 1,98x
Capitalization 2 304 M
Upcoming event on CGG
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 3,25  $
Last Close Price 3,25  $
Spread / Highest target 21,1%
Spread / Average Target 0,07%
Spread / Lowest Target -21,4%
EPS Revisions
Managers
NameTitle
Sophie Zurquiyah-Rousset Chief Executive Officer & Director
Philippe Salle Chairman
Pascal Rouiller Group Chief Operating Officer & SEVP-Equipment
Yuri Baidoukov Group Chief Financial Officer & Treasurer
Don Pham Head-Research & Technology