Petroleum Geo-Services ASA (OTCMKTS:PGSVY) Stock Price Crosses Below 50-Day Moving Average of $0.42
Petroleum Geo-Services ASA (OTCMKTS:PGSVY)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.42 and traded as low as $0.36. Petroleum Geo-Services ASA shares last traded at $0.40, with a volume of 2,600 shares traded.
PGSVY has been the subject of several research reports. DNB Markets raised Petroleum Geo-Services ASA from a “sell” rating to a “hold” rating in a report on Thursday, June 4th. Morgan Stanley reissued an “underweight” rating on shares of Petroleum Geo-Services ASA in a report on Thursday, April 16th. Finally, UBS Group reissued a “neutral” rating on shares of Petroleum Geo-Services ASA in a report on Tuesday, May 26th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold”.
The company’s fifty day simple moving average is $0.42 and its 200 day simple moving average is $0.79.
Petroleum Geo-Services ASA, a marine geophysical company, provides geophysical services. The company operates through three business units: Sales & Imaging, New Ventures, and Operations & Technology. It offers a range of seismic and reservoir services, including acquisition, imaging, interpretation, and field evaluation to oil and gas companies.
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