Equities

CGG

FR0013181864

Oil Related Services and Equipment

Market Closed - Euronext Paris Other stock markets 11:35:27 2024-04-29 am EDT			After market 02:33:22 pm
0.4061 ^EUR	-0.37%		0.399	-1.75%

Apr. 10	CGG Unit Reports Maiden Sale of New Cable-Based Land Acquisition System in Turkey	MT
Apr. 10	CGG: first commercial sale of 528 system	CF

CGG: S&P upgrades issuer credit rating

April 08, 2024 at 04:11 am EDT

Geosciences group CGG announces that US agency S&P Global Ratings has upgraded its issuer credit rating from 'CCC+' to 'B-', based on 'significantly stronger financial performance expected in 2024-2025'.

We remain focused on improving our financial performance, generating cash and reducing our debt", emphasizes CFO Jérôme Serve, highlighting his recent financial roadmap.

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Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	S&P GLOBAL, INC.	415.6 USD	-0.03%	-0.19%	130B
	CGG	0.4061 EUR	-0.37%	-7.93%	311M

Latest news about CGG

CGG Unit Reports Maiden Sale of New Cable-Based Land Acquisition System in Turkey	Apr. 10	MT
CGG: first commercial sale of 528 system	Apr. 10	CF
CGG: S&P upgrades issuer credit rating	Apr. 08	CF
North American Morning Briefing : Powell Awaited -2-	Apr. 03	DJ
CGG: share price down 10%, SG downgraded to sell	Mar. 19	CF
CGG : 4Q: Bullish cash flow outlook gears up for FY27 debt maturity	Mar. 11
CGG Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	Mar. 06	CI
CGG: targets 2024 sales close to 2023 levels	Mar. 06	CF
Transcript : CGG, Q4 2023 Earnings Call, Mar 06, 2024	Mar. 06
CAC40: flirts with 7800 pts, sets new records	Feb. 20	CF
CAC40: crosses the 7800 mark, W-Street ignores decline	Feb. 20	CF
CAC40: crosses the 8,000 mark, W-Street ignores decline	Feb. 20	CF
CAC40: towards 4th record in a row, thanks to Air Liquide	Feb. 20	CF
CAC40: Air Liquide's performance supports the index	Feb. 20	CF
CGG: CCUS study delivered for Southeast Asia	Feb. 20	CF
CGG Adds New Southeast Asia Carbon Storage Study to Growing CCUS Library	Feb. 20	CI
Moody’s Confirms CGG’s Ratings on Solid Market Position	Feb. 15	MT
A DESERT STORM : Saipem, CGG hammered by Aramco’s decision, current backlog unaffected	Jan. 31
France’s CGG Signs Deal with Trinidad and Tobago Government for 3D Seismic Data Services	Jan. 24	MT
CGG: reprocessing of 3D data in Trinidad and Tobago	Jan. 24	CF
CGG and Trinidad-Tobago Sign Multi-Client Reimaging Program Agreement	Jan. 24	CI
CGG: new generation of equipment from Sercel	Jan. 16	CF
CGG: 21% increase in sales expected for 2023	Jan. 10	CF
CGG Partners With C-Questra for Carbon Storage Projects	Jan. 09	MT
CGG: cooperation agreement with C-Questra in CCUS	Jan. 09	CF

Chart CGG

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Company Profile

CGG is one of the leading international providers of geophysics services and products intended for oil and gas companies. Net sales break down by activity as follows: - geophysics services (59.7%): recording, processing, and interpretation of land and marine seismic data; - manufacturing of seismic equipment (40.3%): recording and transmission equipment, vibrators for capturing seismic data, data processing and interpretation software, etc. Net sales are distributed geographically as follows: Europe/Africa/Middle East (38.2%), Asia-Pacific (28.8%), North America (23%) and Latin America (10%).

Sector

Oil Related Services and Equipment

Calendar

2024-05-14 - Q1 2024 Earnings Release

Related indices

CAC Mid 60

More about the company

Income Statement Evolution

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Analysis / Opinion

CGG : 4Q: Bullish cash flow outlook gears up for FY27 debt maturity

March 11, 2024 at 04:52 am EDT

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Ratings for CGG

Trading Rating

Investor Rating

ESG Refinitiv

A-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

0.4351 USD

Average target price

0.7972 USD

Spread / Average Target

+83.20%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Oil Related - Surveying & Mapping Services

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