CGG is a global participant in the geophysical seismic industry. Co. manufactures geophysical equipment and provides marine, land, and airborne data acquisition services. Co. also provides geosciences services, including data imaging, seismic data characterization, geosciences and petroleum engineering consulting services, and collecting, developing and licensing geological data. Co.'s clients are in oil and gas exploration and production industies. Co. divides its activities into four segments: Equipment, Contractual Data Acquisition, Geology, Geophysics and Reservoir (GGR), and Non-Operated Resources, including eight business lines, six Corporate functions, and four Group Departments.
  • TickerCGG
  • ISINFR0013181864
  • ExchangeEuronext Paris
  • SectorOil Equipment, Services & Distribution
  • CountryFrance

Analysts

Jon Masdal

CGG (Buy, TP: EUR2.00) - A good turnaround story unfolding

We are 4% above consensus on Q2e sales and 13% above on adj. EBITDA (results due at 07:30 CEST on 26 July), as we forecast higher multi-client sales. While there is no breakdown of consensus on multi-client sales, we suspect that most are pre-funding due to the high fleet allocation and strong productivity. We continue to like the transformational story, and reiterate our BUY and EUR2.0 target price.

Fehmi Ben Naamane ...
  • Jean-François Granjon
  • Matthias Desmarais

ODDO BHF Small & MIDCAP MORNING NEWS - 07/15/2019

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Fehmi Ben Naamane ...
  • Jean-François Granjon
  • Matthias Desmarais

ODDO BHF Small & MIDCAP MORNING NEWS - 15/07/2019

...

Jean-François Granjon

CGG : A recovery, a new model on a medium-term view – Buy recommendation (vs Neutral) – target price € 2.60 (vs € 1.60)

>Recap on the new development strategy - The new strategy presented by the new management team aims to roll out an asset light model. The aim is to divest itself of the acquisition of marine and terrestrial data and therefore of the associated fleet (the transaction concerns five upmarket vessels and two older vessels). In exchange, the group will strengthen its presence in the geoscience (processing - imaging), multi-client and equipment (with Sercel) businesses. The...

Jean-François Granjon

CGG : Une recovery, un nouveau modèle dans une optique de moyen terme – Opinion Achat (vs Neutre) – OC 2,60 € (vs 1,60 €)

>Rappel de la nouvelle stratégie de développement - La stratégie présentée par le nouveau management vise la mise en place d’un modèle Asset Light. L’objectif est ainsi de se désengager de l’activité acquisition de données terrestres et marines et donc de la flotte associée (la transaction concerne 5 navires haut de gamme et 2 navires anciens). En contrepartie, CGG renforcera sa présence au sein des activités de Geoscience (Traitement – Imagerie), Multi-clients et Equ...

Jon Masdal

CGG (Buy, TP: EUR2.00) - A good turnaround story unfolding

We are 4% above consensus on Q2e sales and 13% above on adj. EBITDA (results due at 07:30 CEST on 26 July), as we forecast higher multi-client sales. While there is no breakdown of consensus on multi-client sales, we suspect that most are pre-funding due to the high fleet allocation and strong productivity. We continue to like the transformational story, and reiterate our BUY and EUR2.0 target price.

Jean-François Granjon

CGG : A recovery, a new model on a medium-term view – Buy recommendation (vs Neutral) – target price € 2.60 (vs € 1.60)

>Recap on the new development strategy - The new strategy presented by the new management team aims to roll out an asset light model. The aim is to divest itself of the acquisition of marine and terrestrial data and therefore of the associated fleet (the transaction concerns five upmarket vessels and two older vessels). In exchange, the group will strengthen its presence in the geoscience (processing - imaging), multi-client and equipment (with Sercel) businesses. The...

Jean-François Granjon

CGG : Une recovery, un nouveau modèle dans une optique de moyen terme – Opinion Achat (vs Neutre) – OC 2,60 € (vs 1,60 €)

>Rappel de la nouvelle stratégie de développement - La stratégie présentée par le nouveau management vise la mise en place d’un modèle Asset Light. L’objectif est ainsi de se désengager de l’activité acquisition de données terrestres et marines et donc de la flotte associée (la transaction concerne 5 navires haut de gamme et 2 navires anciens). En contrepartie, CGG renforcera sa présence au sein des activités de Geoscience (Traitement – Imagerie), Multi-clients et Equ...

Martin Huseby Karlsen

Mid-year look at EP spending suggests offshore still flattish

Ahead of the ‘E&P Spending survey season’ over the next few months, we have taken an early look at spending trends from the major offshore names. Several of the key deepwater clients have provided longer-term updates, with focus on a continued disciplined approach to spending, while at the same time increasing shareholder returns. While there is some opportunistic spending, which we welcome, the oil companies do not want to overspend cash flow and we calculate that an oil price of USD65/bbl is needed on average to avoid this. A stable oil price above this level is a prerequisite to see meaning...

Martin Huseby Karlsen

No deepwater spending growth

Yesterday Shell hosted its annual Management Day during which it provided updated guidance, including capex outlook until 2025. For offshore, and deepwater in particular, Shell maintains a disciplined approach, with average deepwater spending for 2021–2025 (until the middle of next decade) down 20–25% versus 2018. Shell continues to focus on increased shareholder returns, as well as maintaining a healthy gearing and this, combined with higher capex for other segments leaves deepwater as a relative loser in the capital allocation battle.

1 director bought

A director at Compagnie Generale De Geophysique bought 10,000 shares at 1.823EUR and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. ...

Fehmi Ben Naamane ...
  • Jean-François Granjon
  • Matthias Desmarais

ODDO BHF Small & MIDCAP MORNING NEWS - 07/15/2019

...

Fehmi Ben Naamane ...
  • Jean-François Granjon
  • Matthias Desmarais

ODDO BHF Small & MIDCAP MORNING NEWS - 15/07/2019

...

Alexander Aukner ...
  • Jon Masdal
  • Jon Berggren
  • Martin Hoang Nguyen
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Simen Mortensen

Northern Lights

Christophe Chaput ...
  • Christophe-Raphaël Ganet
  • Fatma Agnès Hamdani
  • Geoffroy Michalet
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Oussema Denguir
  • Pierre Corby

ODDO BHF Small & MIDCAP MORNING NEWS - 03/08/2019 Date Performance since listing Date Performance since listing

Sixt Leasing, an independent player in the German vehicle leasing and fleet management market, stands out for its strong momentum in the online retail and fleet management segments and its capacity to handle the diesel risk effectively. These strengths should pave the way for buoyant growth over the coming years (2018-2021e CAGR of +8% for revenue and 15% for pre-tax profit) and a rerating of the stock (target price € 18.1, i.e. 34% upside). We are initiating coverage of the stock wit...

Christophe Chaput ...
  • Christophe-Raphaël Ganet
  • Fatma Agnès Hamdani
  • Geoffroy Michalet
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Oussema Denguir
  • Pierre Corby

ODDO BHF Small & MIDCAP MORNING NEWS - 08/03/2019

Sixt Leasing, acteur indépendant du marché allemand du leasing de véhicules et de gestion de flottes, se distingue par sa forte dynamique sur les segments Online Retail et Fleet Management, ainsi que par sa capacité à gérer efficacement le risque diesel. Ces atouts se traduiront par une croissance soutenue sur les prochaines années (TMVA18-21e CA : +8% ; RCAI : 15%) et par une revalorisation du titre (OC 18.1 €, soit un potentiel de 34%). Nous initions la couverture avec une opinion A...

An increasingly favourable environment allows CGG to improve to Neutral

The independent financial analyst theScreener just upgraded the general evaluation of CGG (FR), a company active in the Oil Equipment & Services industry. As regards its fundamental valuation, the title confirms its rating of 3 out of 4 stars while its market behaviour remains as risky. theScreener believes, however, that a more enabling environment allows the title to increase its general evaluation to Neutral. As of the analysis date June 21, 2019, the closing price was EUR 1.68 and its expected value was estimated at EUR 1.56.

CGG SA (CGG) - Oil & Gas - Deals and Alliances Profile

Summary CGG S.A. (CGG) is an integrated geoscience service company. It provides a wide range of data acquisition, processing, and interpretation services. The company also provides related imaging and interpretation software to clients in the oil and gas exploration and production business. CGG offers a full range of geophysical equipment, including seismic recording equipment, software and seismic sources for land or marine. It markets seismic data processing and reservoir characterization software through the geovation, Hampson-Russell, and Jason brands; and collects, develops, and licenses...

Charles Pinel

CGG - Assemblée générale des actionnaires du 15 mai 2019

A la suite du plan de restructuration financière et de la modification de l'actionnariat, la société a été marquée en 2018 par l'évolution de la gouvernance avec l'arrivée de Philippe Salles à la présidence du conseil en remplacement de Remi Dorval et la nomination de Sophie Zurquiyah comme Directeur général en remplacement de Jean-Georges Malcor. Par ailleurs, le nombre de membres au conseil sera réduit de 11 à 9 à l'issue de la présente assemblée générale. Les conditions de départ de Jean-Georges Malcor sont inacceptables. Proxinvest évalue l'ensemble de ses avantages à 5,5 M€ (estimation d...

Matthieu DRIOL

Short term view - CGG : The trend is bearish.

The trend is bearish. Prices are falling again, but the movement has become hesitant. The next support is at €1.952. The bearish trend would be challenged above €3.578.

Matthieu DRIOL

Analyse court terme - CGG : La tendance est baissière.

La tendance est baissière. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 1,952 €. La tendance baissière serait remise en cause au-dessus de 3,578 €.

Matthieu DRIOL

Short term view - CGG : The trend is bearish.

The trend is bearish. The movement goes on. The next target is at €1.952, then €1.700. Passing €3.578 would question the continuation of the fall.

Matthieu DRIOL

Analyse court terme - CGG : La tendance est baissière.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 1,952 €, puis 1,700 €. Le franchissement de 3,578 € remettrait en cause la suite de la baisse.

Valérie GASTALDY

Analyse moyen terme - CGG : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 2,000 €, puis 1,295 €. Le franchissement de 4,100 € remettrait en cause la suite de la baisse.

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