Morten Borge - PGS ASA Director

PGS Stock  NOK 8.59  0.07  0.81%   

Director

Mr. Morten Borge was Director at Petroleum GeoServices ASA since May 13, 2015. He was appointed CEO of Ferd effective as of August 1, 2017. He is also Remuneration and Corporationrationrate Governance Committee Member at the Company. He has previously been Investment Director cohead of Ferd Capital, where he was responsible for the overall concept and execution of strategy. He was also CFO in Interwell AS and held various positions within the audit company PwC. He currently serves as Board Member for Aibel AS and Interwell AS. He holds a MS in Finance from the Norwegian School of Management where he also qualified as a Certified Public Accountant. since 2015.
Tenure 9 years
Phone47 67 52 64 00
Webhttps://www.pgs.com

PGS ASA Management Efficiency

The company has return on total asset (ROA) of 0.077 % which means that it generated a profit of $0.077 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.0868) %, meaning that it generated substantial loss on money invested by shareholders. PGS ASA's management efficiency ratios could be used to measure how well PGS ASA manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 714 M in total debt with debt to equity ratio (D/E) of 221.7, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. PGS ASA has a current ratio of 0.59, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist PGS ASA until it has trouble settling it off, either with new capital or with free cash flow. So, PGS ASA's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like PGS ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for PGS to invest in growth at high rates of return. When we think about PGS ASA's use of debt, we should always consider it together with cash and equity.

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It offers a range of seismic and reservoir services, including acquisition, imaging, interpretation, and field evaluation to oil and gas companies. PGS ASA was founded in 1991 and is headquartered in Oslo, Norway. PGS ASA operates under Oil Gas Equipment Services classification in Norway and is traded on Oslo Stock Exchange. It employs 1258 people. PGS ASA (PGS) is traded on Oslo Stock Exchange in Norway and employs 930 people.

Management Performance

PGS ASA Leadership Team

Elected by the shareholders, the PGS ASA's board of directors comprises two types of representatives: PGS ASA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of PGS. The board's role is to monitor PGS ASA's management team and ensure that shareholders' interests are well served. PGS ASA's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, PGS ASA's outside directors are responsible for providing unbiased perspectives on the board's policies.
Trond Brandsrud, Director
Robert Adams, Ex Operations
Bard Stenberg, Vice President Corporate Communications
AnneGrethe Dalane, Director
Jon Reinhardsen, President CEO
Jostein Ueland, Senior Vice President Business Development
Holly Deursen, Independent Director
Magne Reiersgard, Executive Vice President Operations
Marianne Kah, Director
Gunhild Myhr, VP Director
Berit Osnes, Director, Employee Representative
Richard Herbert, Director
Morten Borge, Director
Joanna Oustad, Senior Vice President Health, Safety, Environment & Quality
Rune Pedersen, General Counsel
Nathan Oliver, Ex Services
Magnus Christiansen, Vice President HSEQ
Eivind Versteras, Special Director
Per Reksnes, Executive Vice President Marine Contract
Gottfred Langseth, CFO, Executive Vice President
Anne Dalane, Independent Director
Erik Ewig, VP Digitalization
Anette Valbo, Director, Employee Representative
Espen Grimstad, Director, Employee Representative
Kai Reith, Senior Vice President Corporate Development
Walter Qvam, Director
Francis Gugen, Independent Chairman of the Board
Terje Bjolseth, Senior Vice President Global Human Resources
Hege Renshus, Director, Employee Representative
David Dakin, Chief Officer
Daniel Piette, Independent Director
Sverre Strandenes, Executive Vice President MultiClient
Lars Mysen, General Counsel
Harald Norvik, Independent Vice Chairman of the Board
Carol Bell, Independent Director
Guillaume Cambois, Executive Vice President Data Processing and Technology

PGS Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is PGS ASA a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards PGS ASA in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, PGS ASA's short interest history, or implied volatility extrapolated from PGS ASA options trading.

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When running PGS ASA's price analysis, check to measure PGS ASA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy PGS ASA is operating at the current time. Most of PGS ASA's value examination focuses on studying past and present price action to predict the probability of PGS ASA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PGS ASA's price. Additionally, you may evaluate how the addition of PGS ASA to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between PGS ASA's value and its price as these two are different measures arrived at by different means. Investors typically determine if PGS ASA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PGS ASA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.