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PGS ASA upgraded to Hold from Sell at DNB Markets » 05:29
06/04/20
06/04
05:29
06/04/20
05:29
PGSVY

PGS ASA

$0.00 /

+ (+0.00%)

DNB Markets analyst Jon…

DNB Markets analyst Jon Masdal upgraded PGS ASA to Hold from Sell with a DKK 3.50 price target.

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PGSVY PGS ASA
$0.00 /

+ (+0.00%)

05/26/20 UBS
PGS ASA price target lowered to NOK 3 from NOK 15.50 at UBS
04/16/20 Morgan Stanley
PGS ASA price target lowered to NOK 3 from NOK 3.50 at Morgan Stanley
03/30/20 BofA
PGS ASA upgraded to Neutral from Underperform at BofA
03/18/20 Morgan Stanley
Morgan Stanley prefers Oil Services names with balance sheet strength, backlog
Recommendations
PGS ASA price target lowered to NOK 3 from NOK 15.50 at UBS » 13:40
05/26/20
05/26
13:40
05/26/20
13:40
PGSVY

PGS ASA

$0.00 /

+ (+0.00%)

UBS analyst Samantha…

UBS analyst Samantha Osborne lowered the firm's price target on PGS ASA to NOK 3 from NOK 15.50 and keeps a Neutral rating on the shares.

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PGSVY PGS ASA
$0.00 /

+ (+0.00%)

04/16/20 Morgan Stanley
PGS ASA price target lowered to NOK 3 from NOK 3.50 at Morgan Stanley
03/30/20 BofA
PGS ASA upgraded to Neutral from Underperform at BofA
03/18/20 Morgan Stanley
Morgan Stanley prefers Oil Services names with balance sheet strength, backlog
03/18/20 Morgan Stanley
PGS ASA downgraded to Underweight from Equal Weight at Morgan Stanley
Over a quarter ago
Recommendations
PGS ASA price target lowered to NOK 3 from NOK 3.50 at Morgan Stanley » 11:15
04/16/20
04/16
11:15
04/16/20
11:15
PGSVY

PGS ASA

$0.00 /

+ (+0.00%)

Morgan Stanley analyst…

Morgan Stanley analyst Lillian Starke lowered the firm's price target on PGS ASA to NOK 3 from NOK 3.50 and keeps an Underweight rating on the shares.

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PGSVY PGS ASA
$0.00 /

+ (+0.00%)

03/30/20 BofA
PGS ASA upgraded to Neutral from Underperform at BofA
03/18/20 Morgan Stanley
Morgan Stanley prefers Oil Services names with balance sheet strength, backlog
03/18/20 Morgan Stanley
PGS ASA downgraded to Underweight from Equal Weight at Morgan Stanley
03/16/20 Goldman Sachs
Vallourec and PGS cut, Subsea 7 and Petrofac upgraded at Goldman Sachs
Upgrade
PGS ASA upgraded to Neutral from Underperform at BofA » 07:20
03/30/20
03/30
07:20
03/30/20
07:20
PGSVY

PGS ASA

$0.00 /

+ (+0.00%)

BofA analyst Vlad…

BofA analyst Vlad Sergievskiy upgraded PGS ASA to Neutral from Underperform.

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PGSVY PGS ASA
$0.00 /

+ (+0.00%)

03/18/20 Morgan Stanley
Morgan Stanley prefers Oil Services names with balance sheet strength, backlog
03/18/20 Morgan Stanley
PGS ASA downgraded to Underweight from Equal Weight at Morgan Stanley
03/16/20 Goldman Sachs
Vallourec and PGS cut, Subsea 7 and Petrofac upgraded at Goldman Sachs
03/16/20 Goldman Sachs
PGS ASA downgraded to Sell from Buy at Goldman Sachs
Downgrade
Morgan Stanley prefers Oil Services names with balance sheet strength, backlog » 06:54
03/18/20
03/18
06:54
03/18/20
06:54
DDRLF

Maersk Drilling

$0.00 /

+ (+0.00%)

, PGSVY

PGS ASA

$0.00 /

+ (+0.00%)

, SAPMY

Saipem

$0.00 /

+ (+0.00%)

, SUBCY

Subsea 7

$0.00 /

+ (+0.00%)

Morgan Stanley analyst…

Morgan Stanley analyst Lillian Starke downgrades Maersk Drilling (DDRLF) to Equal-Weight from Overweight and PGS (PGSVY) to Underweight from Equalweight while also upgrading Saipem (SAPMY) to Equal Weight from Underweight and Subsea 7 (SUBCY) to Overweight from Equal Weight as part of a broader research note on Oil Services. With oil prices estimated to range at $30-$35 this year and only recover to $40-$45/brl next year, she sees upstream spending falling 13-14% through 2021. The analyst prefers names with greater balance sheet strength and backlog visibility, recommending that investors overall are likely to limit exposure to the sector.

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DDRLF Maersk Drilling
$0.00 /

+ (+0.00%)

03/18/20 Morgan Stanley
Maersk Drilling downgraded to Equal Weight from Overweight at Morgan Stanley
12/11/19 JPMorgan
Maersk Drilling initiated with an Overweight at JPMorgan
PGSVY PGS ASA
$0.00 /

+ (+0.00%)

03/18/20 Morgan Stanley
PGS ASA downgraded to Underweight from Equal Weight at Morgan Stanley
03/16/20 Goldman Sachs
Vallourec and PGS cut, Subsea 7 and Petrofac upgraded at Goldman Sachs
03/16/20 Goldman Sachs
PGS ASA downgraded to Sell from Buy at Goldman Sachs
11/25/19 Barclays
PGS ASA downgraded to Equal Weight from Overweight at Barclays
SAPMY Saipem
$0.00 /

+ (+0.00%)

03/18/20 Morgan Stanley
Saipem downgraded to Equal Weight from Overweight at Morgan Stanley
01/21/20 Goldman Sachs
Subsea 7 downgraded to Neutral from Buy at Goldman Sachs
01/21/20 Goldman Sachs
Saipem upgraded to Buy from Neutral at Goldman Sachs
01/13/20 Bernstein
Bernstein initiates coverage of Global Oil Services sector
SUBCY Subsea 7
$0.00 /

+ (+0.00%)

03/18/20 Morgan Stanley
Subsea 7 upgraded to Overweight from Equal Weight at Morgan Stanley
03/16/20 Goldman Sachs
Subsea 7 upgraded to Buy from Neutral at Goldman Sachs
03/04/20 BofA
Subsea 7 upgraded to Neutral from Underperform at BofA
Downgrade
PGS ASA downgraded to Underweight from Equal Weight at Morgan Stanley » 06:14
03/18/20
03/18
06:14
03/18/20
06:14
PGSVY

PGS ASA

$0.00 /

+ (+0.00%)

Morgan Stanley analyst…

Morgan Stanley analyst Lillian Starke downgraded PGS ASA to Underweight from Equal Weight with a NOK 3.50 price target.

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PGSVY PGS ASA
$0.00 /

+ (+0.00%)

03/16/20 Goldman Sachs
Vallourec and PGS cut, Subsea 7 and Petrofac upgraded at Goldman Sachs
03/16/20 Goldman Sachs
PGS ASA downgraded to Sell from Buy at Goldman Sachs
11/25/19 Barclays
PGS ASA downgraded to Equal Weight from Overweight at Barclays
06/20/19 DNB Markets
PGS ASA downgraded to Sell from Hold at DNB Markets
Downgrade
Vallourec and PGS cut, Subsea 7 and Petrofac upgraded at Goldman Sachs » 21:04
03/16/20
03/16
21:04
03/16/20
21:04
PGSVY

PGS ASA

$0.00 /

+ (+0.00%)

, VLOUF

Vallourec

$0.00 /

+ (+0.00%)

, SUBCY

Subsea 7

$0.00 /

+ (+0.00%)

, POFCY

Petrofac

$0.00 /

+ (+0.00%)

, CGGYY

CGG

$0.00 /

+ (+0.00%)

Goldman Sachs analyst…

Goldman Sachs analyst Sahar Islam downgraded Vallourec (VLOUF) and PGS (PGS) to Neutral and Sell respectively while upgrading Petrofac (PGSVY) and Subsea 7 (SUBCY) to Buy. The analyst sees a worsening macro environment and weak oil prices impacting the services supply chain, though the current downturn is not coming off an inflationary boom but rather reflects the capex downside. The analyst prefers offshore/international exposure over US shale and has a positive view ON Petrofac's Middle East Exposure along with Subsea's good backlog coverage. Islam is turning more cautious on Vallourec given its relatively higher exposure to U.S. onshore. The analyst is also noting greater risk for PGS with added downside for vessel owners as they may be a drain on cash. The analyst is also removing CGG (CGGYY) from Conviction List but retains his Buy rating as the company has also completed its move to asset light from asset heavy by completing the vessel disposal earlier this year.

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PGSVY PGS ASA
$0.00 /

+ (+0.00%)

03/16/20 Goldman Sachs
PGS ASA downgraded to Sell from Buy at Goldman Sachs
11/25/19 Barclays
PGS ASA downgraded to Equal Weight from Overweight at Barclays
06/20/19 DNB Markets
PGS ASA downgraded to Sell from Hold at DNB Markets
VLOUF Vallourec
$0.00 /

+ (+0.00%)

03/16/20 Goldman Sachs
Vallourec downgraded to Neutral from Buy at Goldman Sachs
SUBCY Subsea 7
$0.00 /

+ (+0.00%)

03/16/20 Goldman Sachs
Subsea 7 upgraded to Buy from Neutral at Goldman Sachs
03/04/20 BofA
Subsea 7 upgraded to Neutral from Underperform at BofA
01/21/20 Goldman Sachs
Subsea 7 downgraded to Neutral from Buy at Goldman Sachs
12/11/19 JPMorgan
Subsea 7 upgraded to Overweight from Underweight at JPMorgan
POFCY Petrofac
$0.00 /

+ (+0.00%)

03/16/20 Goldman Sachs
Petrofac upgraded to Buy from Neutral at Goldman Sachs
01/14/20 Bernstein
Petrofac downgraded to Underperform from Market Perform at Bernstein
03/26/19 Goldman Sachs
Petrofac downgraded to Neutral from Buy at Goldman Sachs
CGGYY CGG
$0.00 /

+ (+0.00%)

02/25/20 Exane BNP Paribas
CGG downgraded to Underperform from Neutral at Exane BNP Paribas
11/14/19 Exane BNP Paribas
CGG downgraded to Neutral from Outperform at Exane BNP Paribas
10/25/19 DNB Markets
CGG downgraded to Hold from Buy at DNB Markets
Downgrade
PGS ASA downgraded to Sell from Buy at Goldman Sachs » 19:45
03/16/20
03/16
19:45
03/16/20
19:45
PGSVY

PGS ASA

$0.00 /

+ (+0.00%)

Goldman Sachs analyst…

Goldman Sachs analyst Sahar Islam downgraded PGS ASA to Sell from Buy.

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PGSVY PGS ASA
$0.00 /

+ (+0.00%)

11/25/19 Barclays
PGS ASA downgraded to Equal Weight from Overweight at Barclays
06/20/19 DNB Markets
PGS ASA downgraded to Sell from Hold at DNB Markets
Downgrade
PGS ASA downgraded to Equal Weight from Overweight at Barclays » 04:48
11/25/19
11/25
04:48
11/25/19
04:48
PGSVY

PGS ASA

$0.00 /

+ (+0.00%)

Barclays analyst Mick…

Barclays analyst Mick Pickup downgraded PGS ASA to Equal Weight from Overweight with a price target of 20 kroner.

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PGSVY PGS ASA
$0.00 /

+ (+0.00%)

06/20/19 DNB Markets
PGS ASA downgraded to Sell from Hold at DNB Markets

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