PGS ASA
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Penke I guess you are interested in PGS ASA. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of PGS ASA. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Pgs (30 sec.)

What can you expect buying and holding a share of Pgs? (30 sec.)

How much money do you get?

kr0.00

When do you have the money?

1 year

How often do you get paid?

0.0%

What is your share worth?

Current worth

kr0.72

Expected worth in 1 year

kr0.72

How sure are you?

16.7%

+ What do you gain per year?

Total Gains per Share

kr0.00

Return On Investment

0.0%

For what price can you sell your share?

Current Price per Share

kr8.45

Expected price per share

kr6.112 - kr10.42

How sure are you?

50%

1. Valuation of Pgs (5 min.)

Live pricePrice per Share (EOD)

kr8.45

Book Value per Share

kr0.72

2. Growth of Pgs (5 min.)

Is Pgs growing?

	Current year	Previous year	Grow	Grow %
How rich?	$22.3m	$22.3m	0.00	0.0%

How much money is Pgs making?

	Current year	Previous year	Grow	Grow %
Making money	-$2.9m	-$16.3m	$13.3m	447.0%
Net Profit Margin	0.0%	-25.5%	-	-

How much money comes from the company's main activities?

Quarterly Yearly

3. Financial Health of Pgs (5 min.)

What can you expect buying and holding a share of Pgs? (5 min.)

Welcome investor! Pgs's management wants to use your money to grow the business. In return you get a share of Pgs.

What can you expect buying and holding a share of Pgs?

First you should know what it really means to hold a share of Pgs. And how you can make/lose money.

Speculation

The Price per Share of Pgs is kr8.448. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

The fundamentals: the financial health trends of Pgs.
The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Pgs, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is kr0.72. Based on the TTM, the Book Value Change Per Share is kr0.00 per quarter. Based on the YOY, the Book Value Change Per Share is kr-0.45 per quarter.
You may receive quarterly/yearly dividend in the form of additional shares.
You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is kr0.00 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Pgs.

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	kr	% of Price per Share	kr	% of Price per Share	kr	% of Price per Share	kr	% of Price per Share	kr	% of Price per Share
Usd Eps	-0.01	-0.1%	-0.01	-0.1%	-0.05	-0.6%	-0.04	-0.4%	-0.05	-0.6%
Usd Book Value Change Per Share	0.00	0.0%	0.00	0.0%	-0.04	-0.5%	-0.03	-0.4%	0.01	0.1%
Usd Dividend Per Share	0.00	0.0%	0.00	0.0%	0.00	0.0%	0.00	0.0%	0.00	0.0%
Usd Total Gains Per Share	0.00	0.0%	0.00	0.0%	-0.04	-0.5%	-0.03	-0.4%	0.01	0.1%
Usd Price Per Share	0.64	-	0.64	-	0.33	-	0.81	-	0.93	-
Price to Earnings Ratio	-72.28	-	-72.28	-	-6.81	-	-42.20	-	-36.94	-
Price-to-Total Gains Ratio	-8.07	-	-27.32	-	-20.59	-
Price to Book Ratio	9.67	-	9.67	-	4.98	-	6.75	-	6.68	-
Price-to-Total Gains Ratio	-8.07	-	-27.32	-	-20.59	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	0.768768
Number of shares	1300

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.00	0.00
Usd Book Value Change Per Share	0.00	-0.03
Usd Total Gains Per Share	0.00	-0.03
Gains per Quarter (1300 shares)	0.00	-44.33
Gains per Year (1300 shares)	0.00	-177.33

Years	Return on Investment (TTM)			Return on Investment (5Y)
	Dividend	Book Value gain	Total gains	Dividend	Book Value gain	Total gains
Broker costs	-	-	-10	-	-	-10
1	0	0	-10	0	-177	-187
2	0	0	-10	0	-355	-364
3	0	0	-10	0	-532	-541
4	0	0	-10	0	-709	-718
5	0	0	-10	0	-887	-895
6	0	0	-10	0	-1064	-1072
7	0	0	-10	0	-1241	-1249
8	0	0	-10	0	-1419	-1426
9	0	0	-10	0	-1596	-1603
10	0	0	-10	0	-1773	-1780

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	0.0	1.0	0.0	0.0%	0.0	3.0	0.0	0.0%	0.0	5.0	0.0	0.0%	0.0	6.0	0.0	0.0%	0.0	6.0	0.0	0.0%
Book Value Change Per Share	0.0	0.0	1.0	0.0%	0.0	2.0	1.0	0.0%	0.0	4.0	1.0	0.0%	1.0	4.0	1.0	16.7%	1.0	4.0	1.0	16.7%
Dividend per Share	0.0	0.0	1.0	0.0%	0.0	0.0	3.0	0.0%	0.0	0.0	5.0	0.0%	0.0	0.0	6.0	0.0%	0.0	0.0	6.0	0.0%
Total Gains per Share	0.0	0.0	1.0	0.0%	0.0	2.0	1.0	0.0%	0.0	4.0	1.0	0.0%	1.0	4.0	1.0	16.7%	1.0	4.0	1.0	16.7%

Fundamentals of Pgs

About PGS ASA

https://www.pgs.com
0
Lilleakerveien 4C, Oslo, Norway, 0283
Google Maps Bing Maps

PGS ASA, together with its subsidiaries, operates as a marine geophysical company primarily in Norway. The company provides a range of seismic and reservoir services, including data acquisition, imaging, interpretation, and field evaluation to oil and gas companies, as well as carbon storage and offshore wind markets. It also operates in the Asia Pacific, Canada, Egypt, the Americas, Angola, the United Kingdom, Greece, Cyprus, Ukraine, Brazil, South Africa, other African countries, the Middle East, and internationally. The company was formerly known as Petroleum Geo-Services ASA and changed its name to PGS ASA in May 2019. PGS ASA was founded in 1991 and is headquartered in Oslo, Norway.

Fundamental data was last updated by Penke on 2024-04-15 16:26:03.

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry

Liquidity Details

	Compared to previous year	Compared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details

	Compared to previous year	Compared to industry
Based on the equity, the company is overpriced.
Based on the earnings, the company is expensive.

1.1. Profitability of PGS ASA.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Pgs earns for each kr1 of revenue.

Above 10% is considered healthy but always compare Pgs to the industry mean.
A Net Profit Margin of 0.0% means that kr0.00 for each kr1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of PGS ASA:

The MRQ is 0.0%. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	-	0.0%
TTM	-	YOY	-25.5%	+25.5%
TTM	-	5Y	-22.2%	+22.2%
5Y	-22.2%	10Y	-28.9%	+6.7%

Measures how much net profit Pgs earns for each kr1 of revenue.

Revenue is the amount of profit Pgs generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you kr3. The company does not earn kr3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is kr1.5.

The kr3 you pay for a cup of coffee is called revenue.
The kr1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit Pgs earns for each kr1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Pgs to the industry mean.
Can be used to compare companies within the industry.

You typically want a high profit margin. This means that for each kr1 in sales, Pgs makes more profit. This shows the investor how efficiently Pgs is operating in general and compared to other companies in the same industry. Pgs operates in the industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Pgs. If profit margins remain low (compared to the industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Pgs is 0.00. This means that Pgs earned kr0.00 for each kr1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the industry is .
What is the trend?
The trend is important because it shows you how Pgs is performing over time. The most recent quarter might be important if Pgs released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Pgs up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare Pgs with other companies in the same industry ().
Net profit margin should rise over the years.
Can be influenced when Pgs sells assets (profit will increase while costs remain the same).
It won’t show what part of Pgs is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of Pgs

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ Pgs =
Total revenue MRQ Pgs =
kr / kr = 0.00 or 0.0%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient Pgs is using its assets to generate profit.

Above 5% is considered healthy but always compare Pgs to the industry mean.
-1.8% Return on Assets means that Pgs generated kr-0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of PGS ASA:

The MRQ is -1.8%. Using its assets, the company is very inefficient in making profit. -2
The TTM is -1.8%. Using its assets, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-1.8%	TTM	-1.8%	0.0%
TTM	-1.8%	YOY	-10.0%	+8.2%
TTM	-1.8%	5Y	-6.8%	+5.0%
5Y	-6.8%	10Y	-9.2%	+2.4%

Shows how efficient Pgs is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Pgs to the industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Pgs is using its resources to generate profit. If the return on assets (-1.8%) from Pgs are higher than the mean () that means Pgs is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Pgs is -1.8%. This means the company generated kr-0.02 for each kr1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the industry is .
What is the trend?
The trend is important because it shows you how Pgs is performing over time. The most recent quarter might be important if Pgs released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Pgs up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example Pgs

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from Pgs =
Total assets MRQ (balance sheet) from Pgs =
/ = -0.02 or -1.8%

ROA is an important ratio as it will tell you how effectively Pgs is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient Pgs is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Pgs to the industry mean.
-13.4% Return on Equity means Pgs generated kr-0.13 for each kr1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of PGS ASA:

The MRQ is -13.4%. Using its investors money, the company is very inefficient in making profit. -2
The TTM is -13.4%. Using its investors money, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-13.4%	TTM	-13.4%	0.0%
TTM	-13.4%	YOY	-73.2%	+59.8%
TTM	-13.4%	5Y	-38.2%	+24.8%
5Y	-38.2%	10Y	-41.8%	+3.5%

Shows how efficient Pgs is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Pgs to the industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Pgs is -13.4%. This means Pgs generated kr-0.13 for each kr1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the industry is .
What is the trend?
The trend is important because it shows you how Pgs is performing over time. The most recent quarter might be important if Pgs released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Pgs up to 10 years back (depending if Pgs existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of Pgs

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Pgs =
Shareholders equity (balance sheet) MRQ Pgs =
/ = -0.13 or -13.4%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of PGS ASA.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Pgs is operating .

Measures how much profit Pgs makes for each kr1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Pgs to the industry mean.
An Operating Margin of 0.0% means the company generated kr0.00 for each kr1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of PGS ASA:

The MRQ is 0.0%. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	-	0.0%
TTM	-	YOY	24.5%	-24.5%
TTM	-	5Y	18.3%	-18.3%
5Y	18.3%	10Y	15.3%	+3.1%

Measures how efficient Pgs is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Pgs to the industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Pgs is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Pgs is 0.0%. This means that Pgs earned kr0.00 for each kr1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the industry is .
What is the trend?
The trend is important because it shows you how Pgs is performing over time. The most recent quarter might be important if Pgs released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Pgs up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Pgs

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Pgs =
Total revenue MRQ Pgs =
kr / kr = 0.00 or 0.0%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient Pgs is keeping operating costs low.

Below 1 is considered healthy (always compare to industry mean).
An Operation Ratio of 0.00 means that the operating costs are kr0.00 for each kr1 in net sales.

Let's take a look of the Operating Ratio trends of PGS ASA:

The MRQ is 0.000. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	-	0.000
TTM	-	YOY	0.323	-0.323
TTM	-	5Y	0.243	-0.243
5Y	0.243	10Y	0.284	-0.041

Measures how efficient Pgs is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Pgs to the industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Pgs is 0.0%. This means that Pgs earned kr0.00 for each kr1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the industry is .
What is the trend?
The trend is important because it shows you how Pgs is performing over time. The most recent quarter might be important if Pgs released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Pgs up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Pgs

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
( +) \ = 0.00

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of PGS ASA.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Pgs is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to industry mean).
A Current Ratio of 1.04 means the company has kr1.04 in assets for each kr1 in short-term debts.

Let's take a look of the Current Ratio trends of PGS ASA:

The MRQ is 1.037. The company is just able to pay all its short-term debts.
The TTM is 1.037. The company is just able to pay all its short-term debts.

Trends

Current period		Compared to		+/-
MRQ	1.037	TTM	1.037	0.000
TTM	1.037	YOY	0.932	+0.105
TTM	1.037	5Y	0.766	+0.271
5Y	0.766	10Y	0.841	-0.076

Measures if Pgs is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Pgs if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Pgs is 1.04. This means Pgs has kr1.04 in assets for each kr1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the industry is .
What is the trend?
The trend is important because it shows you how Pgs is performing over time. The most recent quarter might be important if Pgs released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Pgs up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Pgs

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
494,400 \ 601,800) = 1.04

The current ratio measures if Pgs is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if Pgs is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then Pgs does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate Pgs is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if Pgs is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare Pgs to the industry mean.
A Quick Ratio of 0.43 means the company can pay off kr0.43 for each kr1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of PGS ASA:

The MRQ is 0.434. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.434. The company is just not able to pay all its short-term debts with the most liquid assets. -1

Trends

Current period		Compared to		+/-
MRQ	0.434	TTM	0.434	0.000
TTM	0.434	YOY	0.776	-0.343
TTM	0.434	5Y	0.508	-0.074
5Y	0.508	10Y	0.578	-0.070

1.4. Solvency of PGS ASA.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Pgs assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Pgs to industry mean.
A Debt to Asset Ratio of 0.86 means that Pgs assets are financed with 86.3% credit (debt) and the remaining percentage (100% - 86.3%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of PGS ASA:

The MRQ is 0.863. The company is just able to pay all its debts by selling its assets.
The TTM is 0.863. The company is just able to pay all its debts by selling its assets.

Trends

Current period		Compared to		+/-
MRQ	0.863	TTM	0.863	0.000
TTM	0.863	YOY	0.863	0.000
TTM	0.863	5Y	0.792	+0.072
5Y	0.792	10Y	0.767	+0.024

Measures how much % of Pgs assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Pgs than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Pgs to industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Pgs is 0.86. This means means that Pgs is financed with 86.3% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the industry is .
What is the trend?
The trend is important because it shows you how Pgs is performing over time. The most recent quarter might be important if Pgs released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Pgs up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why Pgs has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Pgs

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
\ = 86.3% or 0.86.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if Pgs is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Pgs to the industry mean.
A Debt to Equity ratio of 631.5% means that company has kr6.31 debt for each kr1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of PGS ASA:

The MRQ is 6.315. The company is unable to pay all its debts with equity. -1
The TTM is 6.315. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	6.315	TTM	6.315	0.000
TTM	6.315	YOY	6.315	0.000
TTM	6.315	5Y	4.366	+1.949
5Y	4.366	10Y	3.942	+0.424

Measures if Pgs is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of Pgs is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Pgs is 6.31. This means that Pgs can pay off kr6.31 for each kr1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the industry is .
What is the trend?
The trend is important because it shows you how Pgs is performing over time. The most recent quarter might be important if Pgs released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Pgs up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Pgs

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
\ = 6.31 or 631.5%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of PGS ASA

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every kr1 in earnings Pgs generates.

Above 15 is considered overpriced but always compare Pgs to the industry mean.
A PE ratio of -72.28 means the investor is paying kr-72.28 for every kr1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of PGS ASA:

The EOD is -87.204. Based on the earnings, the company is expensive. -2
The MRQ is -72.283. Based on the earnings, the company is expensive. -2
The TTM is -72.283. Based on the earnings, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	-87.204	MRQ	-72.283	-14.921
MRQ	-72.283	TTM	-72.283	0.000
TTM	-72.283	YOY	-6.806	-65.477
TTM	-72.283	5Y	-42.200	-30.084
5Y	-42.200	10Y	-36.935	-5.265

Measures how much money you pay for each share for every kr1 in earnings Pgs generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Pgs to the industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Pgs is -72.28. This means the investor is paying kr-72.28 for every kr1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the industry is .
What is the trend?
The trend is important because it shows you how Pgs is performing over time. The most recent quarter might be important if Pgs released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Pgs up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Pgs

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
-58,800 \ = EPS
PE ratio MRQ = -72.28

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of PGS ASA:

The MRQ is 0.000. The data is not here.

Trends

Current period		Compared to
MRQ	-	TTM	-
TTM	-	YOY	-
TTM	-	5Y	-
5Y	-	10Y	-

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of Pgs is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to industry mean).
A PB ratio of 9.67 means the investor is paying kr9.67 for each kr1 in book value.

Let's take a look of the Price to Book Ratio trends of PGS ASA:

The EOD is 11.670. Based on the equity, the company is expensive. -2
The MRQ is 9.673. Based on the equity, the company is overpriced. -1
The TTM is 9.673. Based on the equity, the company is overpriced. -1

Trends

Current period		Compared to		+/-
EOD	11.670	MRQ	9.673	+1.997
MRQ	9.673	TTM	9.673	0.000
TTM	9.673	YOY	4.982	+4.691
TTM	9.673	5Y	6.750	+2.923
5Y	6.750	10Y	6.677	+0.072

2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of PGS ASA compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	-	-	0%	-0.447	0%	-0.375	0%	0.121	-100%
Book Value Per Share	-	-	0.724	0.724	0%	0.724	0%	1.326	-45%	1.538	-53%
Current Ratio	-	-	1.037	1.037	0%	0.932	+11%	0.766	+35%	0.841	+23%
Debt To Asset Ratio	-	-	0.863	0.863	0%	0.863	0%	0.792	+9%	0.767	+13%
Debt To Equity Ratio	-	-	6.315	6.315	0%	6.315	0%	4.366	+45%	3.942	+60%
Dividend Per Share	-	-	-	-	0%	-	0%	-	0%	-	0%
Eps	-	-	-0.097	-0.097	0%	-0.530	+447%	-0.410	+323%	-0.599	+518%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Market Cap	2860306808.832	+17%	2370892332.960	2370892332.960	0%	1221081499.296	+94%	3031153259.558	-22%	3451689687.552	-31%
Net Profit Margin	-	-	-	-	0%	-0.255	0%	-0.222	0%	-0.289	0%
Operating Margin	-	-	-	-	0%	0.245	-100%	0.183	-100%	0.153	-100%
Operating Ratio	-	-	-	-	0%	0.323	-100%	0.243	-100%	0.284	-100%
Pb Ratio	11.670	+17%	9.673	9.673	0%	4.982	+94%	6.750	+43%	6.677	+45%
Pe Ratio	-87.204	-21%	-72.283	-72.283	0%	-6.806	-91%	-42.200	-42%	-36.935	-49%
Price Per Share	8.448	+17%	7.003	7.003	0%	3.607	+94%	8.953	-22%	10.195	-31%
Price To Free Cash Flow Ratio	-	-	-	-	0%	-	0%	-	0%	-	0%
Quick Ratio	-	-	0.434	0.434	0%	0.776	-44%	0.508	-15%	0.578	-25%
Return On Assets	-	-	-0.018	-0.018	0%	-0.100	+447%	-0.068	+272%	-0.092	+402%
Return On Equity	-	-	-0.134	-0.134	0%	-0.732	+447%	-0.382	+186%	-0.418	+212%
Total Gains Per Share	-	-	-	-	0%	-0.447	0%	-0.375	0%	0.121	-100%
Usd Book Value	-	-	22304100.000	22304100.000	0%	22304100.000	0%	40868100.000	-45%	47395833.333	-53%
Usd Book Value Change Per Share	-	-	-	-	0%	-0.041	0%	-0.034	0%	0.011	-100%
Usd Book Value Per Share	-	-	0.066	0.066	0%	0.066	0%	0.121	-45%	0.140	-53%
Usd Dividend Per Share	-	-	-	-	0%	-	0%	-	0%	-	0%
Usd Eps	-	-	-0.009	-0.009	0%	-0.048	+447%	-0.037	+323%	-0.055	+518%
Usd Free Cash Flow	-	-	-	-	0%	-	0%	-	0%	-	0%
Usd Market Cap	260287919.604	+17%	215751202.299	215751202.299	0%	111118416.436	+94%	275834946.620	-22%	314103761.567	-31%
Usd Price Per Share	0.769	+17%	0.637	0.637	0%	0.328	+94%	0.815	-22%	0.928	-31%
Usd Profit	-	-	-2984800.000	-2984800.000	0%	-16325400.000	+447%	-12618060.000	+323%	-18453283.333	+518%
Usd Revenue	-	-	-	-	0%	64045800.000	-100%	54274220.000	-100%	57950316.667	-100%
Usd Total Gains Per Share	-	-	-	-	0%	-0.041	0%	-0.034	0%	0.011	-100%
	EOD	+4 -2	MRQ	TTM	+0 -0	YOY	+11 -5	5Y	+9 -12	10Y	+9 -16

3.2. Fundamental Score

Let's check the fundamental score of PGS ASA based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	-87.204
Price to Book Ratio (EOD)	Between	0-1	11.670
Net Profit Margin (MRQ)	Greater than	0	0.000
Operating Margin (MRQ)	Greater than	0	0.000
Quick Ratio (MRQ)	Greater than	1	0.434
Current Ratio (MRQ)	Greater than	1	1.037
Debt to Asset Ratio (MRQ)	Less than	1	0.863
Debt to Equity Ratio (MRQ)	Less than	1	6.315
Return on Equity (MRQ)	Greater than	0.15	-0.134
Return on Assets (MRQ)	Greater than	0.05	-0.018
Total			2/10 (20.0%)

Create your own Stock Scanner

Investing is personal. The best investors buy stocks based on their own analysis. Create your personal Stock Scanner with the key performance indicators that are important to you.
Create your own Stock Scanner

3.3. Technical Score

Let's check the technical score of PGS ASA based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Open	Greater than	Close	8.448
Total			0/1 (0.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
Create your own Symbol Scanner

Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

		2018-12-31		2019-12-31		2020-12-31		2021-12-31		2022-12-31
Net Tangible Assets		-39,500	16,800	-22,700	-290,100	-312,800	57,800	-255,000	391,600	136,600

Latest Balance Sheet

Balance Sheet of 2022-12-31. Currency in NOK. All numbers in thousands.

Summary

	As reported
Total Liabilities	-
Total Stockholder Equity	+ -
Total Assets	= -

Assets

Total Assets	-
Total Current Assets	751,400
Long-term Assets	-

Total Current Assets

Total Current Assets (as reported)	751,400
Net Receivables	314,300
Inventory	29,400
Other Current Assets	31,000
Total Current Assets (calculated)	374,700
+/-	376,700

Long-term Assets

Long-term Assets (as reported)	0
Property Plant Equipment	740,400
Long-term Assets (calculated)	740,400
+/-	740,400

Liabilities & Shareholders' Equity

Total Current Liabilities	724,600
Long-term Liabilities	-
Total Stockholder Equity	-

Total Current Liabilities

Total Current Liabilities (as reported)	724,600
Accounts payable	45,600
Other Current Liabilities	197,000
Total Current Liabilities (calculated)	242,600
+/-	482,000

Long-term Liabilities

Long-term Liabilities (as reported)	0
Long-term Liabilities (calculated)	0
+/-	0

Total Stockholder Equity

Total Stockholder Equity (as reported)	0
Common Stock	313,200
Other Stockholders Equity	-4,000
Total Stockholder Equity (calculated)	309,200
+/-	309,200

Other

Net Tangible Assets	136,600

Balance Sheet

Currency in NOK. All numbers in thousands.

Trend

2022-12-31

2021-12-31

2020-12-31

2019-12-31

2018-12-31

2017-12-31

> Total Assets

2,482,800
2,384,800
2,301,700
2,093,800
1,792,800
0

1,792,800

2,093,800

2,301,700

2,384,800

2,482,800

> Total Current Assets

447,700
455,800
426,100
409,600
433,000
751,400

751,400

433,000

409,600

426,100

455,800

447,700

Cash And Cash Equivalents

47,300
74,500
40,600
156,700
170,000
0

170,000

156,700

40,600

74,500

47,300

Net Receivables

294,300
221,400
309,600
157,900
190,500
314,300

314,300

190,500

157,900

309,600

221,400

294,300

Inventory

40,500
32,800
29,100
21,800
26,800
29,400

29,400

26,800

21,800

29,100

32,800

40,500

Other Current Assets

40,100
114,000
27,500
46,900
30,900
31,000

31,000

30,900

46,900

27,500

114,000

40,100

> Long-term Assets

Property Plant Equipment

1,297,600
1,062,200
1,132,400
898,000
787,400
740,400

740,400

787,400

898,000

1,132,400

1,062,200

1,297,600

Intangible Assets

635,500
761,300
659,800
709,200
500,100
0

500,100

709,200

659,800

761,300

635,500

> Total Liabilities

1,603,300
1,663,000
1,664,600
1,697,400
1,547,700
0

1,547,700

1,697,400

1,664,600

1,663,000

1,603,300

> Total Current Liabilities

367,200
425,100
822,100
1,519,500
464,400
724,600

724,600

464,400

1,519,500

822,100

425,100

367,200

Accounts payable

0
67,000
56,100
31,200
45,300
45,600

45,600

45,300

31,200

56,100

67,000

Other Current Liabilities

0
216,900
187,200
225,300
153,100
197,000

197,000

153,100

225,300

187,200

216,900

> Long-term Liabilities

Other Liabilities

0
73,200
50,300
59,400
30,800
4,400

4,400

30,800

59,400

50,300

73,200

> Total Stockholder Equity

879,500
721,800
637,100
396,400
245,100
0

245,100

396,400

637,100

721,800

879,500

Common Stock

138,500
138,500
138,500
154,200
158,900
313,200

313,200

158,900

154,200

138,500

Retained Earnings

-834,600

-840,200

-675,600

-346,500

-257,200

-110,400

Capital Surplus

851,400
850,100
852,500
929,100
933,300
0

933,300

929,100

852,500

850,100

851,400

Treasury Stock

Other Stockholders Equity

-4,000

-6,700

-11,300

-7,400

-9,600

Balance Sheet

Currency in NOK. All numbers in thousands.

	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31
Accounts Payable	45,600	45,300	31,200	56,100	67,000	-
Capital Surpluse	-	933,300	929,100	852,500	850,100	851,400
Cash	-	170,000	156,700	40,600	74,500	47,300
Cash And Short Term Investments	-	170,000	156,700	40,600	74,500	47,300
Common Stock	313,200	158,900	154,200	138,500	138,500	138,500
Intangible Assets	-	500,100	709,200	659,800	761,300	635,500
Inventory	29,400	26,800	21,800	29,100	32,800	40,500
Long Term Debt	-	973,500	-	641,200	1,164,700	1,135,800
Net Receivables	314,300	190,500	157,900	309,600	221,400	294,300
Net Tangible Assets	136,600	-255,000	-312,800	-22,700	-39,500	-
Other Assets	81,300	60,000	67,400	45,300	47,800	23,500
Other Current Assets	31,000	30,900	46,900	27,500	114,000	40,100
Other Current Liab	197,000	153,100	225,300	187,200	216,900	-
Other Liab	4,400	30,800	59,400	50,300	73,200	-
Other Stockholder Equity	-4,000	-6,700	-11,300	-7,400	-9,600	-
Property Plant Equipment	740,400	787,400	898,000	1,132,400	1,062,200	1,297,600
Retained Earnings	-834,600	-840,200	-675,600	-346,500	-257,200	-110,400
Short Long Term Debt Total	-	1,052,500	118,500	792,200	1,200,600	1,175,300
Total Assets	-	1,792,800	2,093,800	2,301,700	2,384,800	2,482,800
Total Current Assets	751,400	433,000	409,600	426,100	455,800	447,700
Total Current Liabilities	724,600	464,400	1,519,500	822,100	425,100	367,200
Total Liab	-	1,547,700	1,697,400	1,664,600	1,663,000	1,603,300
Total Stockholder Equity	-	245,100	396,400	637,100	721,800	879,500

	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31
Accounts Payable	65,000	45,600	38,800	50,300	31,600	45,300	31,800	49,300	-	-
Capital Surpluse	-	-	-	-	-	933,300	932,600	932,400	930,000	929,100
Cash	-	-	-	-	-	170,000	193,000	155,400	143,900	156,700
Cash And Short Term Investments	-	-	-	-	-	170,000	193,000	155,400	143,900	156,700
Common Stock	313,200	313,200	246,700	227,700	158,900	158,900	158,500	156,900	155,700	154,200
Common Stock Shares Outstanding	-	-	-	-	-	45,821	45,397	47,119	45,239	42,589
Intangible Assets	-	-	-	-	-	500,100	575,000	602,900	669,900	709,200
Inventory	-	29,400	-	-	-	26,800	-	-	-	-
Long Term Debt	-	-	-	-	-	973,500	996,800	1,126,900	1,123,000	-
Net Receivables	265,300	314,300	214,200	262,100	172,500	190,500	101,200	181,200	137,600	157,900
Net Tangible Assets	72,900	136,600	-32,500	-71,100	-273,000	-255,000	-277,500	-244,900	-	-
Other Assets	85,600	81,300	98,900	87,400	73,900	60,000	76,400	76,300	74,700	77,000
Other Current Assets	75,000	31,000	74,500	84,200	67,000	30,900	69,200	77,900	72,200	95,000
Other Current Liab	233,900	197,000	126,400	95,000	150,100	153,100	151,300	144,800	-	-
Other Liab	4,900	4,400	3,900	4,200	10,700	30,800	36,100	36,500	-	-
Other Stockholder Equity	-4,500	-4,000	-3,800	-3,900	-4,400	-6,700	-8,300	-9,200	-	-
Property Plant Equipment	751,900	740,400	748,800	765,600	776,000	787,400	828,200	852,500	872,900	898,000
Retained Earnings	-892,800	-834,600	-828,300	-838,600	-877,000	-840,200	-785,300	-722,100	-714,800	-686,900
Short Long Term Debt Total	-	-	-	-	-	1,052,500	1,085,800	1,226,000	1,231,400	118,500
Total Assets	-	-	-	-	-	1,792,800	1,843,000	1,946,200	1,971,200	2,093,800
Total Current Assets	494,400	751,400	467,800	566,100	403,400	433,000	363,400	414,500	353,700	409,600
Total Current Liabilities	601,800	724,600	660,900	541,100	514,100	464,400	423,600	325,700	322,300	1,519,500
Total Liab	-	-	-	-	-	1,547,700	1,545,500	1,588,200	1,600,300	1,697,400
Total Stockholder Equity	-	-	-	-	-	245,100	297,500	358,000	370,900	396,400

Cash Flow

Currency in NOK. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31
Capital Expenditures	0	48,600	35,400	32,800	62,000	48,000	379,200
Change In Cash	-	193,800	13,300	116,100	-33,900	27,200	-14,400
Change In Working Capital	-	-	-102,100	101,400	-93,300	-54,300	12,200
Change To Account Receivables	-	-124,700	-32,800	127,600	-63,700	3,800	-
Change To Liabilities	-	32,200	-50,000	41,700	-39,500	-20,900	-
Change To Netincome	-	240,100	343,600	347,500	281,100	74,700	-
Change To Operating Activities	-	25,000	-6,500	-43,400	45,800	-6,000	-
Depreciation	-	231,500	251,700	214,600	322,300	482,200	674,700
Investments	-	1,800	1,800	1,800	1,800	-	-
Net Borrowings	-	-159,100	-40,300	10,800	-181,000	-5,200	-
Net Income	-14,500	-32,800	-179,400	-321,500	-71,700	-87,900	-523,400
Other Cashflows From Financing Activities	-	-97,600	-101,100	-98,500	-74,700	-63,400	-56,300
Other Cashflows From Investing Activities	-	-	1,000	-17,700	-500	-6,600	79,100
Sale Purchase Of Stock	-	-	-	91,900	-	-	35,400
Total Cash From Financing Activities	-	-15,700	-141,400	4,200	-255,700	-68,600	3,700
Total Cash From Operating Activities	-	371,300	326,600	366,500	474,300	445,900	282,000
Total Cashflows From Investing Activities	-	-161,800	-171,900	-254,600	-252,500	-350,100	-300,100

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31
Capital Expenditures	0	0	0	20,100	8,600	13,200	11,000	15,800	9,000	8,300	9,800	53,800	263,500
Change In Cash	-	-	-	-209,700	184,700	-40,700	55,900	-6,000	-23,000	37,600	11,500	-12,800	116,100
Change In Working Capital	-	-	-	-	-	-	-	-	-102,100	-14,900	-67,900	-19,900	101,400
Change To Account Receivables	-	-	-	49,000	-101,100	47,400	-89,100	18,100	-89,300	79,900	-43,600	-	-
Change To Liabilities	-	-	-	64,000	52,700	19,300	-31,900	-7,900	3,900	-14,600	7,500	-	-
Change To Netincome	-	-	-	42,500	67,000	35,700	105,900	31,000	100,500	48,900	89,100	-	-
Change To Operating Activities	-	-	-	-20,800	22,700	15,600	-15,900	2,800	5,100	-8,500	-6,100	-	-
Depreciation	-	-	-	58,500	50,100	57,300	56,000	68,600	75,400	69,500	60,500	122,800	463,100
Net Borrowings	-	-	-	-261,300	11,900	-152,600	-9,000	-9,400	-10,700	-10,100	-10,000	-	-
Net Income	60,600	-6,800	-9,300	-58,800	-5,000	2,600	18,700	-49,200	-53,500	-60,700	-26,000	-35,900	-306,400
Other Cashflows From Financing Activities	-	-	-	-24,900	-22,200	-31,100	-22,200	-20,300	-19,700	-21,900	-21,400	-19,700	71,500
Other Cashflows From Investing Activities	-	-	-	-	1,800	1,800	-	-	1,000	700	-	-	8,900
Sale Purchase Of Stock	-	-	-	-	-	-	-	-	-	-	-	-	91,900
Total Cash From Financing Activities	-	-	-	-286,200	132,300	-169,800	51,500	-29,700	-30,400	-32,000	-31,400	-47,600	4,200
Total Cash From Operating Activities	-	-	-	134,400	86,400	177,900	43,700	63,400	42,100	114,500	81,400	88,600	366,500
Total Cashflows From Investing Activities	-	-	-	-57,900	-34,000	-48,800	-39,300	-39,700	-34,700	-44,900	-38,500	-53,800	-254,600

Income Statement

Currency in NOK. All numbers in thousands.

	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31
Cost Of Revenue	-	227,200	150,300	262,500	256,000	411,000
Ebit	219,700	172,400	55,900	285,900	214,800	-
Gross Profit	-	476,600	322,900	668,300	618,300	427,800
Income Before Tax	-	-163,800	-306,400	-37,600	-47,900	-468,200
Income Tax Expense	26,100	15,600	15,100	34,100	40,000	-
Interest Expense	-	0	0	0	0	0
Interest Income	-	98,200	102,700	84,400	81,600	84,400
Net Income	-	-179,400	-321,500	-71,700	-87,900	-523,400
Net Income Applicable To Common Shares	-32,800	-179,400	-321,500	-71,700	-87,900	-523,400
Operating Income	-	-66,200	-188,000	54,600	39,400	-383,600
Other Operating Expenses	3,300	3,800	4,500	1,400	2,900	-
Selling General Administrative	-	36,100	39,200	51,800	51,800	36,000
Tax Provision	-	15,600	15,100	34,100	40,000	55,200
Total Revenue	-	703,800	473,200	930,800	874,300	838,800

	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31
Cost Of Revenue	-	-	-	-	-	68,000	65,600	56,800	36,800	32,100
Ebit	-16,100	56,800	42,600	139,800	-19,800	46,900	-5,000	58,200	-	-
Gross Profit	-	-	-	-	-	142,400	76,100	129,100	128,900	136,800
Income Before Tax	-	-	-	-	-	-45,000	-59,400	-23,500	-35,900	-52,700
Income Tax Expense	5,200	6,900	4,900	9,300	5,000	8,500	1,300	2,500	-	-
Interest Income	-	-	-	-	-	23,000	29,300	15,900	34,800	26,200
Net Income	-	-	-	-	-	-53,500	-60,700	-26,000	-39,100	-60,200
Net Income Applicable To Common Shares	-58,800	-5,000	2,600	18,700	-49,200	-53,500	-60,700	-26,000	-39,100	-60,200
Operating Income	-	-	-	-	-	-26,500	-29,900	-7,300	-2,300	-21,400
Other Operating Expenses	159,200	4,600	1,800	2,500	3,000	3,900	1,100	200	-	-
Selling General Administrative	-	-	-	-	-	8,300	8,900	9,200	9,700	9,800
Tax Provision	-	-	-	-	-	8,500	1,300	2,500	3,200	7,500
Total Revenue	-	-	-	-	-	210,400	141,700	185,900	165,700	168,900

Latest Income Statement (annual, 2022-12-31)

Gross Profit (+$)
totalRevenue	-
Cost of Revenue	--
Gross Profit	-	0

Operating Income (+$)
Gross Profit	-
Operating Expense	--
Operating Income	-	0

Operating Expense (+$)
Research Development	-
Selling General Administrative	-
Selling And Marketing Expenses	-
Operating Expense	-	0

Net Interest Income (+$)
Interest Income	-
Interest Expense	--
Other Finance Cost	-0
Net Interest Income	-

Pretax Income (+$)
Operating Income	-
Net Interest Income	-
Other Non-Operating Income Expenses	-
Income Before Tax (EBT)	-	0 EBIT - interestExpense = 219,700 26,100 0
Interest Expense	-
Earnings Before Interest and Taxes (EBIT)	219,700	0
Earnings Before Interest and Taxes (EBITDA)	-

After tax Income (+$)
Income Before Tax	-
Tax Provision	--
Net Income From Continuing Ops	-	0
Net Income	-
Net Income Applicable To Common Shares	-32,800

Non-recurring Events
Discontinued Operations	-
Extraordinary Items	-
Effect of Accounting Charges	-
Other Items	-
Non Recurring	-
Other Operating Expenses	3,300
Total Other Income/Expenses Net	-	0

Technical Analysis of Pgs
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Pgs. The general trend of Pgs is UNKNOWN with 0.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Pgs's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator State	Bullish trend		Bearish trend
Overbought to neutral	Bullish pullback	=	Bearish reversal
Upper to lower neutral	Bullish correction	=	Bearish continuation
Nuetral to oversold	Oversold	=	Oversold
Oversold to neutral	Bullish reversal	=	Bearish correction
Lower to upper neutral	Bullish continuation	=	Bearish pullback
Nuetral to overbought	Overbought	=	Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.

Score

Let's take a look at the Support & Resistance of PGS ASA.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 9.208 < 10.32 < 10.42.

The bearish price targets are: 6.7987 > 6.3 > 6.112.

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PGS ASA Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

Moving averages are lagging trend indicators.
There are many types of moving averages.
Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of PGS ASA. The current mas is .

Directionalities and relatives.

Moving Average	Amount of candles	Trend	Price +/-	vs. MA 50	vs. MA 100	vs. MA 200

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

Simple moving average (SMA);
Exponential moving average (EMA);
Smoothed moving average (SMMA);
Linear weighted moving average (LWMA).

The moving average looks at a certain period of time and it calculates the price average. The various types of averages are using various formulas. Don’t worry, you don’t have to memorize any formula. All moving averages are calculated automatically by basically every charting software you use. But it’s good to know how moving averages are actually calculated.

Simple moving average

SMA is calculated by summing up the price closures of the selected period. The price is then divided by the selected period. For example, when using the 21 day moving average you sum up all the closing prices for each day and divide that by 21. The result is a line on the chart representing the average. Because it’s an average in the selected timeframe, the trend is always lagging. An moving average looks like this on the chart:

Source: Tradingview.com

In this case, the blue line represents a 21 day moving average. Because the average is based on results from the past, the indicator will always lag behind. For example, when price would suddenly go up, the moving average won't immediately follow.

All other moving averages discussed below look the same on the chart. The only difference is that the line will move in different directions based on the maths behind the used indicators and the amount of days used to determine the average.

Exponential moving average

The EMA gives more weight to the latest closing prices by giving them more value in the equation. EMA is calculated by adding a certain percentage to the latest closing prices:

EMA = (CLOSE (i) * P) + (EMA (i - 1) * (1 - P))

Where:

CLOSE (i) = current period close price.
EMA (i - 1) = value of the Moving Average of a preceding period.
P = the percentage of using the price value.

Smoothed moving average

A smoothed moving average is an exponential moving average with a long lookback period. Older prices are reduced in weight but are never left out in the calculation. Unlike SMA and EMA where prices are removed when they are beyond the selected period. SMMA is a combination of the SMA and EMA. The main advantage is that it smooths out fluctuations in price.

Linear weighted moving average

The LWMA gives the latest price the highest weight and then lineary scales down with each price before that. The result is that the LWMA reacts quicker to changes in price than the SMA or EMA. The formula:

LWMA = ((Pn∗W1)+(Pn−1∗W2)+(Pn−2∗W3)...) / ∑W

Where:

P = Price for the period.
n = The most recent period, n-1 is the prior period, and n-2 is two periods prior.
W = The assigned weight to each period, with the highest weight going first and then descending linearly based on the number of periods being used.

Moving averages are widely used by many traders. Which moving average you need depends on your trading strategy. Common practise is using a combination of multiple periods. For example, the EMA21, EMA50, EMA100 and EMA200. How does that look on a chart:

Source: Tradingview.com

The lowest (purple) line on the chart represents the EMA200 then following up the EMA100, EMA50 and EMA21.

You can use moving averages to determine a trend. The 200 moving average is mostly used as a baseline for determining the current trend:

When the 200 moving average is moving up it is considered a bullish trend.
When the 200 moving average is down it is considered a bearish trend.
When moving averages are flatlined, there is no clear trend so you should look for market structure, consolidation or trend reversals. Depending on how you want to trade.

This is not set in stone. Most trading strategies use multiple moving averages each with different settings. While one strategy might use the EMA20, the other uses the SMA21. There can be hundreds of different variations. Moving averages can also be used as support and resistance. More often than not, prices will bounce on moving averages.

2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

MACD is a lagging momentum indicator.
Uses two moving averages.
Can show buy or sell signals based on momentum.
Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of PGS ASA.

PGS ASA Daily Moving Average Convergence/Divergence (MACD) Chart

2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.

Score

Let's take a look at the Directional Movement Index (DMI) of PGS ASA. The current adx is .

PGS ASA Daily Directional Movement Index (DMI) Chart

2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

Parabolic SAR (stop and reverse) is a lagging trend indicator.
Shows the current trend.
Shows potential entry signals.
Shows potential exit signals.
Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of PGS ASA.

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

Leading momentum indicator, meaning the signals are instant.
Ranges between 0 and 100.
Above 70 is considered overbought.
Below 30 is considered oversold.
Above or below 50 can also be used to determine price trend or support and resistance.
RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of PGS ASA.

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

The RSI measures the magnitude of recent price changes to determine if the asset is overbought or oversold.

Overbought (RSI above 70) means that the trading price is above its intrinsic value. This might indicate a sell or short signal.
Oversold (RSI below 30) means that the trading price is below its intrinsic value. This might indicate a buy or long signal.
RSI levels above or below 50 can also be used to determine a trend.
RSI divergence looks at a deviation between RSI and price movement.
Can be used in many different ways.

Original usage

Keep in mind that almost every indicator can be used in different ways. Even beyond the orginal settings. The relative strength index was developed by J. Welles Wilder. Wilder recommended a smoothing period of 14 days. That means a 14 day moving average (read more about this setting below). Another quote from the wikipedia page:

Wilders also considers the RSI 50 line as both support and resistance. I recommend to always read the original settings first before using an indicator. Many traders and websites are using their own version of the indicator which might be confusing.

How you can use RSI (Divergence)

First and foremost, there is no real right or wrong usage of the RSI indicator. You can use it in any way you want. Wilder recommends using a 14 day average but you can make it 50 or 100 if you like. Just keep in mind that using an indicator is just part of a larger trading plan. In other words, it’s not recommended to do any trading or investing based on a single indicator like the RSI.

The RSI is measured on a scale between 0 and 100. From 30 till 0 is considered oversold. and from 70 -100 is overbought. The RSI is a leading indicator, meaning the signals are instant.

I like to use the RSI as a trend\momentum indicator and not as an overbought or oversold indicator. I use the middle (50) as the baseline. When prices go above RSI 50 the trend is bullish and can indicate long positions. When below 50 it is considered bearish and can indicate short positions. Other traders use the 70 and 30 levels as overbought/oversold depending on the used strategy. The RSI indicator looks like this:

Source: Tradingview.com

The general concensus is that an RSI above 70 indicates that the security is overbought. In other words, the price this security is trading for is to high and should come down. So if RSI hits 70 or above this might indicate a sell signal or taking a short position (expecting the price will go down). Although RSI above 70 indicates the security is trading above it's fair value, that does not mean the price will go down.

Use tradingview to add indicators

I highly recommend using tradingview to add indicators to a chart. It has all the indicators you can think off and can add them for free (up to three indicators) to any chart you want. You can see that the levels 30 and 70 are marked with a dotted line. If you want you can remove these lines or give it another colour using Tradingview. You can also adjust the moving average used. You can also find RSI indicators made by the community that include other settings like RSI divergences.

Tradingview

Use Tradingview to (back)test your strategies and add hundreds of indicators created by the community.

View tool on Tradingview.com

RSI divergence

RSI is not only used to determine momentum but can also spot reversals or continuations of the trend. A reversal means that the trend is going in the opposite direction. From bullish to bearish or from bearish to bullish. These reversals can be spotted by looking at the price and the direction of the RSI. When the price is going up but the RSI is going down that means there is a divergence. This is also the case when RSI goes up but price is going down.

There are four types of divergences:

Regular bullish divergence
Regular bearish divergence
Hidden bullish divergence
Hidden bearish divergence

Regular bullish divergence

With a regular bullish divergence, the price is making lower highs but the oscillator (in this case the RSI) is making higher lows. A regular bullish divergence might indicate the end of the current trend. You’ll see regular bullish divergences mostly at the end of a downtrend. But that does not mean that every regular bullish divergence is a trend reversal.

Price is making lower highs
RSI is making higher lows
Indicating bullish reversal (price might go up)

Source: Tradingview.com

Regular bearish divergence

With a regular bearish divergence the price is making higher highs but the oscillator (in this case the RSI) is making lower highs. This might indicate the end of an uptrend.

Price is making higher highs
RSI is making lower highs
Indicating bearish reversal

Source: Tradingview.com

Hidden bullish divergence

With a hidden bullish divergence, the price is making a higher low while the RSI is making a lower low. This might indicate bullish trend continuation.

Price is making higher lows
RSI is making lower lows
Indicating bullish continuation

Source: Tradingview.com

As you have noticed, you can have multiple divergences in a row.

Hidden bearish divergence

With a hidden bearish divergence, price is making lower highs but RSI is making higher highs. This might indicate bearish trend continuation.

Price is making lower highs
RSI making higher highs
Indicating bearish continuation

Source: Tradingview.com

You can find many cheatsheets of RSI divergences online. Search for "RSI divergence overview" and you'll find a lot of examples. You can print these to learn the various types of divergences.

PGS ASA Daily Relative Strength Index (RSI) Chart

3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

Leading momentum indicator, meaning the signals are instant.
Used to determine overbought and oversold areas much like the RSI.
Ranges between 0 and 100.
Above 80 is considered overbought.
Below 20 is considered oversold.
Consists of two lines named K and D.
K compares the highest high and lowest low on the selected price range.
The D line is a moving average of the K line.
Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of PGS ASA.

PGS ASA Daily Stochastic Oscillator Chart

3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

Lagging or leading Momentum indicator
When the CCI is above zero, the price is above the historical average
When the CCI is below zero, the price is below the historical average
Used for spotting trends
- If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
- If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of PGS ASA.

PGS ASA Daily Commodity Channel Index (CCI) Chart

3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

Lagging momentum indicator
Ranges between +100 and -100
Considered overbought above +50
Considered oversold below -50
It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of PGS ASA.

PGS ASA Daily Chande Momentum Oscillator (CMO) Chart

3.5 Williams %R

Shows the current price relative to the highest high over the last 14 days.

Lagging momentum indicator
Ranging between 0 and -100
Above -20 is considered overbought
Below -80 is considered oversold
Is prone to give false signals

Score

Let's take a look at the Williams %R of PGS ASA.

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

Lagging volatility indicator
Uses 3 bands: one upper, one lower and one in the middle
Works best when the middle band reflects an intermediate trend (MA20).
When the price is moving closer to the upper band, the market might be overbought
When the price is moving closer to the lower band, the market might be oversold

Score

Let's take a look at the Bollinger Bands of PGS ASA.

4.2 Average True Range (ATR)

Measures market volatility

Leading volatility indicator
Can be used to determine stop-loss positions
Calculated by:
- Current high minus the current low
- Current high minus the previous close
- Current low minus the previous close
The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of PGS ASA.

PGS ASA Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

Measures market volatility

Leading momentum indicator
Calculation:
- If the closing price is above the previous closing price: OBV = previous OBV + current volume
- If the closing price is below the previous closing price: OBV = previous OBV - current volume
- If the closing price is the same as the previous closing price than the OBV is the same.
Can be used to confirm price trends
Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of PGS ASA.

PGS ASA Daily On-Balance Volume (OBV) Chart

5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

Lagging momentum indicator
Looks like RSI but uses volume as an extra metric (RSI only considers price)
Above 80 is considered overbought
Below 20 is considered oversold
Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of PGS ASA.

PGS ASA Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for PGS ASA.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

Date	Indicator	Signal
2023-11-30	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-04	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2023-12-06	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2023-12-08	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2023-12-13	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-14	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2023-12-15	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2023-12-18	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2023-12-19	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2023-12-21	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2023-12-22	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-28	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-02	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-01-03	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-04	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-01-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-08	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-01-09	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-10	MFI	SHORT ENTRY	LONG CLOSE	20 crossover to downside
2024-01-11	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-15	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-16	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-18	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-19	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-01-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-25	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2024-01-26	MFI	SHORT ENTRY	LONG CLOSE	20 crossover to downside
2024-01-30	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-31	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-01	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-02-02	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-02-05	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-06	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-02-07	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-08	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2024-02-12	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
2024-02-14	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	MFI	SHORT ENTRY	LONG CLOSE	20 crossover to downside
2024-02-15	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2024-02-16	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-19	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-02-20	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-22	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-02-27	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-02-28	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-02-29	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-03-01	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-03-04	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-05	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2024-03-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-11	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-13	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-15	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-18	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-03-19	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-21	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-22	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-25	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-26	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-02	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-04-03	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-05	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-08	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-09	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-04-10	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-04-15	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-19	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-22	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside

6.3. Candlestick Patterns

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of PGS ASA based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Open	Greater than	Close	8.448
Total			0/1 (0.0%)

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Quick analysis of Pgs (30 sec.)

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1. Valuation of Pgs (5 min.)

kr8.45

kr0.72

2. Growth of Pgs (5 min.)

Is Pgs growing?

How much money is Pgs making?

How much money comes from the company's main activities?

3. Financial Health of Pgs (5 min.)

What can you expect buying and holding a share of Pgs? (5 min.)

What can you expect buying and holding a share of Pgs?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Pgs

About PGS ASA

Financial Health

Valuation

1.1. Profitability of PGS ASA.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

1.1.2. Return on Assets

Trends

1.1.3. Return on Equity

Trends

1.2. Operating Efficiency of PGS ASA.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of PGS ASA.

1.3. Liquidity

1.3.1. Current Ratio

Trends

1.3.2. Quick Ratio

Trends

1.4. Solvency of PGS ASA.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

1.4.2. Debt to Equity Ratio

Trends

2. Market Valuation of PGS ASA

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

2.2. Price To Free Cash Flow Ratio

Trends

2. Book Value per Share

2.3. Price to Book Ratio

Trends

PGS ASA
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