Stock TGS TGS ASA
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Company TGS ASA

Equities

TGS

NO0003078800

Oil Related Services and Equipment

Real-time Oslo Bors
Other stock markets
 06:35:09 2024-04-26 am EDT 		5-day change 1st Jan Change
130.5 NOK +3.90% Intraday chart for TGS ASA +0.93% -1.29%
Apr. 18 Norwegian Antitrust Regulator Greenlights TGS-PGS Merger MT
Apr. 12 UK Competition Watchdog to Probe TGS-PGS Merger MT

Business Summary

TGS ASA is one of the world's leading suppliers of 2D and 3D seismic data for prospecting and developing oil and gas deposits. The group specializes in planning, acquiring, treating, interpreting and selling non-exclusive seismic surveys (or for multi-client). Net sales break down by activity as follows:

- sale of non-exclusive seismic surveys (88.1%): sale of final processed data (59.3% of net sales) and sale of sale of multi-client pre-funding contracts of unfinished data (40.7%);

- sale of proprietary seismic surveys (11.9%).

Number of employees: 873

Sales per Business

NOK in Million2022Weight2023Weight Delta
Acquisition
52.1 %
- - 4,377 52.1 % -
Western Hemisphere
26.3 %
4,500 65.3 % 2,208 26.3 % -50.94%
Eastern Hemisphere
16.6 %
1,455 21.1 % 1,390 16.6 % -4.44%
Elimination
-9.3 %
- - -784 -9.3 % -
Digital Energy Solutions
8.7 %
303 4.4 % 728 8.7 % +140.45%
Imaging
5.7 %
- - 479 5.7 % -
G&A
0.0 %
- - -1 0.0 % -

Sales per region

NOK in Million2022Weight2023Weight Delta
Global
66.5 %
940 13.6 % 5,582 66.5 % +493.82%
North America, Latin America
26.3 %
4,500 65.3 % 2,208 26.3 % -50.94%
Europe, Africa & Middle East, Asia Pacific
16.6 %
1,455 21.1 % 1,390 16.6 % -4.44%
Elimination
-9.3 %
-- -784 -9.3 % -

Managers

Managers TitleAgeSince
Kristian Kuvaas Johansen CEO
 Chief Executive Officer 52 10-04-30
Sven Børre Larsen DFI
 Director of Finance/CFO 48 15-08-31
Zhi Ming Li CTO
 Chief Tech/Sci/R&D Officer - 06-12-31
Whitney Eaton HRO
 Human Resources Officer - 13-12-31
Katja Akentieva PRN
 Corporate Officer/Principal - 19-08-13
Jan Schoolmeesters PRN
 Corporate Officer/Principal 58 19-08-13
Knut Erik Agersborg PRN
 Corporate Officer/Principal 66 04-12-31
William Ashby PRN
 Corporate Officer/Principal - 12-10-31
Tana LaDon Pool LAW
 General Counsel 65 12-12-31

Members of the board

Members of the board TitleAgeSince
Chris Finlayson CHM
 Chairman 68 -
Grethe Kristin Moen BRD
 Director/Board Member 64 20-12-31
Irene Egset BRD
 Director/Board Member 57 18-12-31
Svein Harald Øygard BRD
 Director/Board Member 64 20-12-31

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 131,280,459 124,789,438 ( 95.06 %) 418,630 ( 0.3189 %) 95.06 %

Shareholders

NameEquities%Valuation
Folketrygdfondet
8.420 %
11,032,768 8.420 % 121 M kr
Pareto Asset Management AS
5.071 %
6,644,171 5.071 % 73 M kr
T. Rowe Price Associates, Inc. (Investment Management)
4.738 %
6,208,215 4.738 % 68 M kr
APG Asset Management NV
4.272 %
5,598,063 4.272 % 61 M kr
ODIN Forvaltning AS
2.766 %
3,624,555 2.766 % 40 M kr
KLP Kapitalforvaltning AS
1.993 %
2,611,563 1.993 % 29 M kr
Storebrand Asset Management AS
1.908 %
2,500,461 1.908 % 27 M kr
Fairfield MS LLC
1.569 %
2,055,985 1.569 % 23 M kr
AAT Invest AS
1.450 %
1,900,000 1.450 % 21 M kr
Holberg Fondsforvaltning AS
1.412 %
1,850,000 1.412 % 20 M kr

Holdings

NameEquities%Valuation
TGS ASA
0.19%
 245,315 0.19% 2,687,512 $

Company contact information

TGS ASA

Askekroken 11

0277, Oslo

+47 22 55 04 00

http://www.tgsnopec.com
address TGS ASA(TGS)

Sector

Energy
Energy - Fossil Fuels
Oil & Gas Related Equipment and Services
Oil Related Services and Equipment
Oil Related Services

Sales per Business

Sales per region

Ratings for TGS ASA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
11.43 USD
Average target price
13.59 USD
Spread / Average Target
+18.91%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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