TGS (TGS) Stock Overview
Provides geoscience data services to the oil and gas industry in Norway and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 4/6 |
| Past Performance | 0/6 |
| Financial Health | 3/6 |
| Dividends | 3/6 |
TGS Community Fair Values
Create NarrativeSee what 16 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Top Community Narratives
NOK 180
FV
18.4% undervalued intrinsic discount175.54%
Revenue growth p.a.
331
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TGS ASA Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NOK 146.90 |
| 52 Week High | NOK 159.90 |
| 52 Week Low | NOK 70.05 |
| Beta | -0.065 |
| 1 Month Change | 0.41% |
| 3 Month Change | 29.66% |
| 1 Year Change | 70.12% |
| 3 Year Change | -3.23% |
| 5 Year Change | 23.14% |
| Change since IPO | 583.26% |
Recent News & Updates
Narrative Update • Jun 03
TGS: Future Cash Flows Balance Seismic Contract Momentum And Argentina Project Risks
Narrative Update: TGS Analyst Price Target Shift The updated analyst fair value for TGS has moved from NOK 104.49 to NOK 152.77, with analysts pointing to stronger revenue and margin assumptions, as well as a lower implied future P/E, in light of recent bullish research coverage and project updates. Analyst Commentary Recent research has focused on TGS with a generally constructive tone, reflecting optimism around project updates, earnings power and valuation, while still flagging execution and country risk as key issues for readers to watch.
Narrative Update • May 20
TGS: Bullish Project Pipeline Expectations Will Likely Disappoint Future Share Performance
Analysts have lifted their fair value estimate for TGS from NOK 60.38 to NOK 64.49, citing updated expectations for revenue trends, profitability and future P/E multiples, alongside recent bullish research coverage and higher project return assumptions. Analyst Commentary Recent Street research around TGS has leaned positive in tone, with bullish coverage pointing to updated expectations around returns and project economics.
Narrative Update • May 06
TGS: Clarified Project Pipeline And New Contracts Will Support Future Upside
Narrative Update Analysts have raised their price target on TGS from NOK 136.10 to NOK 200.17, reflecting updated assumptions for revenue growth, profit margins and a lower future P/E multiple following recent research coverage and project clarifications. Analyst Commentary Recent research coverage has framed TGS as a stock where bullish analysts see room for stronger execution and clearer growth visibility than previously reflected in prior models.Analysis Article • May 03
Earnings Miss: TGS ASA Missed EPS And Analysts Are Revising Their Forecasts
As you might know, TGS ASA ( OB:TGS ) recently reported its quarterly numbers. It looks like a pretty bad result, given...Recent updates
Narrative Update • Jun 03
TGS: Future Cash Flows Balance Seismic Contract Momentum And Argentina Project Risks
Narrative Update: TGS Analyst Price Target Shift The updated analyst fair value for TGS has moved from NOK 104.49 to NOK 152.77, with analysts pointing to stronger revenue and margin assumptions, as well as a lower implied future P/E, in light of recent bullish research coverage and project updates. Analyst Commentary Recent research has focused on TGS with a generally constructive tone, reflecting optimism around project updates, earnings power and valuation, while still flagging execution and country risk as key issues for readers to watch.Narrative Update • May 20
TGS: Bullish Project Pipeline Expectations Will Likely Disappoint Future Share Performance
Analysts have lifted their fair value estimate for TGS from NOK 60.38 to NOK 64.49, citing updated expectations for revenue trends, profitability and future P/E multiples, alongside recent bullish research coverage and higher project return assumptions. Analyst Commentary Recent Street research around TGS has leaned positive in tone, with bullish coverage pointing to updated expectations around returns and project economics.Narrative Update • May 06
TGS: Clarified Project Pipeline And New Contracts Will Support Future Upside
Narrative Update Analysts have raised their price target on TGS from NOK 136.10 to NOK 200.17, reflecting updated assumptions for revenue growth, profit margins and a lower future P/E multiple following recent research coverage and project clarifications. Analyst Commentary Recent research coverage has framed TGS as a stock where bullish analysts see room for stronger execution and clearer growth visibility than previously reflected in prior models.Analysis Article • May 03
Earnings Miss: TGS ASA Missed EPS And Analysts Are Revising Their Forecasts
As you might know, TGS ASA ( OB:TGS ) recently reported its quarterly numbers. It looks like a pretty bad result, given...Narrative Update • Apr 20
TGS: Rich Future P/E Will Outrun Softer Profit Margin Outlook
Analysts have raised their NOK price target on TGS to NOK104.49 from NOK95.57, citing updated assumptions on discount rates, revenue trends, profit margins and future P/E that align with the more positive research tone seen in recent upgrades and target increases across the sector. Analyst Commentary Recent research on TGS points to a more constructive tone, with the higher NOK104.49 price target reflecting updated views on risk, earnings power and valuation multiples.Narrative Update • Apr 05
TGS: Heavy NGL Project Dependence Will Pressure Future Share Performance
Analysts have raised their TGS price target by NOK 2 to NOK 46, citing updated expectations for higher returns from the company’s largest NGL project following recent clarifications with management. Analyst Commentary The latest move to adjust the TGS price target to NOK 46 reflects updated expectations around the company’s largest NGL project, following recent clarifications with management.Narrative Update • Mar 22
TGS: Lower Long Term NGL Returns Will Pressure Future Share Performance
Analysts have updated their TGS view, revising the NOK price target to NOK 60.38 from NOK 65.38. The change reflects refined assumptions for long term fair value that incorporate revised return expectations on key NGL projects and slightly improved profit margin forecasts.Narrative Update • Mar 07
TGS: New Seismic Campaigns In Key Basins Will Support Future Upside
Analysts have cut their TGS price target sharply to NOK 136.10 from NOK 381.64, citing updated assumptions around a 7.23% discount rate, 1.45% revenue growth, an 11.54% profit margin and an 18.72x future P/E multiple as the key drivers of the reset. What's in the News TGS announced the Nigeria Laide multi-client 3D survey in partnership with the Nigerian Upstream Petroleum Regulatory Commission and SeaSeis Geophysical Limited.Narrative Update • Feb 21
TGS: Offshore Survey Pipeline Will Still Trail Weak Earnings Prospects
Analysts have raised their price target on TGS from NOK 80.73 to NOK 95.57, citing updated views on revenue contraction, profit margins, and future P/E levels. What's in the News TGS launched the Ultra Profundo multi client 2D seismic survey offshore Angola, covering about 12,600 line kilometers.Analysis Article • Feb 15
TGS ASA Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
It's been a pretty great week for TGS ASA ( OB:TGS ) shareholders, with its shares surging 11% to kr112 in the week...Narrative Update • Feb 07
TGS: Extended Offshore Survey Commitments Will Still Lag Softer Earnings Outlook
Analysts have modestly reduced their fair value estimate for TGS to $80.73 from $82.70, citing slightly higher discount rate assumptions and a small adjustment to the forward P/E multiple, while keeping revenue trend and profit margin views essentially unchanged. What's in the News TGS launched APEX 1, a next generation multi-client long offset OBN acquisition campaign in the Gulf of America.Narrative Update • Jan 24
TGS: Softer Long Term Revenue Assumptions Will Outweigh New Survey Agreements
Analysts have reduced their price target for TGS by US$5.70, citing slightly softer long term revenue assumptions, a modestly lower P/E outlook, and a firmer profit margin profile as the main drivers of the change. What's in the News TGS ASA launched the APEX 1 next generation multi client long offset Ocean Bottom Node campaign in the Gulf of America, with acquisition running from December 2025 through late second quarter 2026 and final data delivery planned for fourth quarter 2027, supported by industry funding (Key Developments).Narrative Update • Jan 09
TGS: New Long Term Surveys And Software Deals Will Shape Balanced Outlook
Analysts have trimmed their price target for TGS to about $88 from roughly $89, citing an updated view that incorporates a slightly lower assumed P/E multiple and a higher projected profit margin. What's in the News TGS signed a multi year enterprise agreement with a supermajor for its Imaging AnyWare software suite, covering global exploration and production operations and including collaborative R&D and integration of the customer's proprietary technology (Key Developments).Narrative Update • Dec 24
TGS: Recent Downgrade And Contract Pipeline Will Shape Cautious Yet Balanced Outlook
Analysts have modestly reduced their price target on TGS, trimming fair value by approximately NOK 1.40 to around NOK 89, as they factor in a slightly lower discount rate, stable margins, and a less favorable risk reward profile reflected in the recent downgrade to Sell. Analyst Commentary Analysts remain divided on TGS, with recent revisions reflecting a more cautious stance on near term performance while still recognizing the company’s structural strengths in the seismic data and energy services market.Narrative Update • Dec 09
TGS: Contract Wins And Index Removal Will Shape Balanced Forward Outlook
Analysts have lowered their price target on TGS to NOK 70 from NOK 88, reflecting a slightly higher discount rate and a modestly richer future P E multiple. Together, these factors point to a less favorable risk reward profile.Narrative Update • Nov 25
TGS: Execution Of Contract Extensions And Cost Focus Will Guide Future Outlook
Analysts have lowered their price target for TGS from NOK 87.90 to NOK 70.00, citing recent downward revisions in sector outlook and updated discount rate assumptions. Analyst Commentary Following the price target adjustment, analyst perspectives on TGS highlight both encouraging factors and notable challenges affecting the company's outlook and valuation.Analysis Article • Nov 14
There's Reason For Concern Over TGS ASA's (OB:TGS) Massive 30% Price Jump
TGS ASA ( OB:TGS ) shareholders have had their patience rewarded with a 30% share price jump in the last month. The bad...Narrative Update • Nov 08
TGS: Execution of New Contracts Will Determine Path to Recovery
Narrative Update on TGS: Analyst Price Target Revision Analysts have significantly lowered their fair value estimate for TGS from NOK 125 to NOK 88. This change reflects recent downgrades as well as concerns over declining revenue growth and profit margins.Narrative Update • Oct 25
Digitalization And Expanded Datasets Will Shape Exploration Amid Mixed Outlook
Narrative Update: Analyst Price Target for TGS Adjusted The consensus analyst price target for TGS has increased from NOK 120.10 to NOK 124.93. Analysts cite updated valuation assumptions and recent downgrades, reflecting a more cautious outlook on the company's revenue growth and profit margins.Narrative Update • Sep 19
Digitalization And Expanded Datasets Will Enable Global Exploration
The sharp downward revision in TGS's consensus analyst price target is primarily driven by a substantial increase in its projected future P/E ratio, reflecting lower anticipated earnings growth or higher risk, with the fair value estimate falling from NOK136.80 to NOK120.10. What's in the News TGS launched PAMA Phase II 3D multi-client survey offshore Brazil, extending coverage by approximately 11,500 sq km in the Para-Maranhao Basin with support from industry funding and advanced GeoStreamer® technology; completion expected early March 2026.Analysis Article • Aug 22
Shareholders Should Be Pleased With TGS ASA's (OB:TGS) Price
When close to half the companies in Norway have price-to-earnings ratios (or "P/E's") below 13x, you may consider TGS...Analysis Article • Jun 11
TGS (OB:TGS) Seems To Use Debt Quite Sensibly
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Analysis Article • May 16
TGS (OB:TGS) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
TGS ASA's ( OB:TGS ) stock was strong after they recently reported robust earnings. However, our analysis suggests that...Analysis Article • May 13
TGS' (OB:TGS) Dividend Will Be $1.59
TGS ASA ( OB:TGS ) will pay a dividend of $1.59 on the 2nd of June. This takes the dividend yield to 7.7%, which...Analysis Article • Apr 10
TGS ASA's (OB:TGS) Share Price Is Still Matching Investor Opinion Despite 25% Slump
Unfortunately for some shareholders, the TGS ASA ( OB:TGS ) share price has dived 25% in the last thirty days...
New Narrative • Mar 11
Expansion Into California And Ireland Will Position Us For Future Participation In New Energy Sectors
Successful merger and refinancing efforts are expected to enhance net margins and reduce financial costs, boosting potential net earnings.Analysis Article • Feb 23
TGS (OB:TGS) Is Paying Out A Larger Dividend Than Last Year
TGS ASA's ( OB:TGS ) dividend will be increasing from last year's payment of the same period to $1.73 on 13th of March...Analysis Article • Feb 15
Does TGS (OB:TGS) Have A Healthy Balance Sheet?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Dec 28
Getting In Cheap On TGS ASA (OB:TGS) Might Be Difficult
TGS ASA's ( OB:TGS ) price-to-earnings (or "P/E") ratio of 41.4x might make it look like a strong sell right now...Analysis Article • Nov 02
We Think That There Are More Issues For TGS (OB:TGS) Than Just Sluggish Earnings
Despite TGS ASA's ( OB:TGS ) most recent earnings report having soft headline numbers, its stock has had a positive...Analysis Article • Oct 27
Earnings Miss: TGS ASA Missed EPS By 32% And Analysts Are Revising Their Forecasts
It's been a pretty great week for TGS ASA ( OB:TGS ) shareholders, with its shares surging 11% to kr106 in the week...New Narrative • Oct 17
Best vs worst case scenarios
In the most optimistic scenario, TGS capitalizes on its merger with PGS, leveraging the cost synergies of over $50 million annually. This creates a significant financial buffer, allowing the companyAnalysis Article • Sep 27
Why We're Not Concerned Yet About TGS ASA's (OB:TGS) 27% Share Price Plunge
TGS ASA ( OB:TGS ) shareholders that were waiting for something to happen have been dealt a blow with a 27% share price...Analysis Article • Sep 25
Broker Revenue Forecasts For TGS ASA (OB:TGS) Are Surging Higher
Shareholders in TGS ASA ( OB:TGS ) may be thrilled to learn that the analysts have just delivered a major upgrade to...Analysis Article • Aug 31
These 4 Measures Indicate That TGS (OB:TGS) Is Using Debt Reasonably Well
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Shareholder Returns
| TGS | NO Energy Services | NO Market | |
|---|---|---|---|
| 7D | -4.6% | 1.9% | -0.9% |
| 1Y | 70.1% | 42.1% | 17.7% |
Return vs Industry: TGS exceeded the Norwegian Energy Services industry which returned 42.1% over the past year.
Return vs Market: TGS exceeded the Norwegian Market which returned 17.7% over the past year.
Price Volatility
| TGS volatility | |
|---|---|
| TGS Average Weekly Movement | 5.7% |
| Energy Services Industry Average Movement | 5.2% |
| Market Average Movement | 5.4% |
| 10% most volatile stocks in NO Market | 11.6% |
| 10% least volatile stocks in NO Market | 3.1% |
Stable Share Price: TGS has not had significant price volatility in the past 3 months compared to the Norwegian market.
Volatility Over Time: TGS's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1981 | 1,640 | Kristian Johansen | www.tgs.com |
TGS ASA provides geoscience data services to the oil and gas industry in Norway and internationally. It operates through Multi client, Marine Data Acquisition (MDA), Imaging, New Energy Solutions (NES), and Shared Services segments. The company offers seismic data using robust technology and imaging solutions; well data recorded expertly matched and validated, from permit to abandonment; carbon storage and monitoring solutions; wind energy data partner throughout the wind development lifecycle; solar operations; and asset management services.
TGS ASA Fundamentals Summary
| TGS fundamental statistics | |
|---|---|
| Market cap | NOK 28.87b |
| Earnings (TTM) | -NOK 19.03m |
| Revenue (TTM) | NOK 12.54b |
2.3x
P/S Ratio-1,517x
P/E RatioIs TGS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TGS income statement (TTM) | |
|---|---|
| Revenue | US$1.32b |
| Cost of Revenue | US$211.90m |
| Gross Profit | US$1.11b |
| Other Expenses | US$1.11b |
| Earnings | -US$2.00m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Jul 23, 2026
| Earnings per share (EPS) | -0.01 |
| Gross Margin | 83.92% |
| Net Profit Margin | -0.15% |
| Debt/Equity Ratio | 31.4% |
How did TGS perform over the long term?
See historical performance and comparisonDividends
4.0%
Current Dividend Yield-6,136%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/09 23:00 |
| End of Day Share Price | 2026/06/09 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
TGS ASA is covered by 21 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | ABG Sundal Collier |
| Michael Pickup | Barclays |
| Asad Farid | Berenberg |