Zacks Investment Research downgraded shares of Petroleum Geo-Services ASA (NASDAQ:PGSVY) from a hold rating to a sell rating in a report issued on Tuesday morning.

According to Zacks, “Petroleum Geo-Services is a technologically focused oilfield service company principally involved in geophysical and floating production services. PGS provides a broad range of seismic- and reservoir services, including acquisition, processing, interpretation, and field evaluation. PGS owns and operates four floating production, storage and offloading units and owns a small oil and gas company. PGS operates on a worldwide basis with headquarters at Lysaker, Norway. “

Shares of Petroleum Geo-Services ASA (NASDAQ:PGSVY) remained flat at $2.05 during trading on Tuesday. Petroleum Geo-Services ASA has a 52-week low of $1.80 and a 52-week high of $4.95. The firm has a 50 day moving average price of $2.15 and a 200 day moving average price of $2.54. The stock’s market cap is $488.67 million.

About Petroleum Geo-Services ASA

Petroleum Geo-Services ASA (PGS) is a Norway-based marine geophysical company. The Company offers a range of seismic and reservoir services, including acquisition, imaging, interpretation and field evaluation. PGS provides marine geophysical solutions that facilitate hydrocarbon discovery and recovery.

5 Day Chart for NASDAQ:PGSVY

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