TGS might exceed despite difficult setting

Market Cap: U.S.A. $1.6 billion (bn)/ €1.4bn/ NOK13.4bn (figures rounded up)

Sector: Oil & Gas support services

Headquarters:  Kingdom of Norway

Primary listing: port

 

Technical: -

June's optimistic outside month aligns with the trend of upper lows Technical Analysis UK. Trend line support comes in round the NOK115-120 space from the rejection of the psychological level of NOK100.

Stochastic Oscillators: Negative monthly momentum obstruction as costs continues inside a triangle formation. The weekly MACD crossed to the top side in February of this year and remains positive

Moving averages: The stock is commercialism between its 50-day and 200-day straightforward moving average.

Volume: Recent commercialism has seen volume marginally below the stocks averages (436k 50-day/ 537k million 200-day).

Fundamental/Financial Company Thematic

 

• Medium-term: TGS edges from a world footprint (chart above) and a Q1 order backlog of $125 million.
• Longer term: Management is concentrated on Technical Analysis asset-light in operation model, with initiatives together with (i) disciplined value management, (ii) building record strength, and (iii) cost controls that match the broader business cycle.
• Growth: its PIA's expectations that world energy demand ought to still increase over the medium to long run that successively can drive exploration for oil and gas.
• Latest Numbers - Q1 Results 2016 (published twenty first Apr 2016)
• Recent results: As at Q1 management noted; "the long-run way forward for our asset-light, multi-client business remains very strong.
• Non-current liabilities on trade ideas: As at Q1 NOK4, 814 million (NOK8, 519 million Q12015).

Free income (FCF):

Despite the tougher in UK Technical analysis operation setting management have managed to extend FCF within the latest quarter, furthermore as scale back non-current liabilities. Standalone valuation: TGS has AN Altman Z-Score of nine.12 (a scan of > 3 typically indicates solid underlying company financials). 

Competitor/ business valuation: Trades at a premium to its contemporaries on variety of forward metrics.

 

Operating expenses: TGS has managed to lower in operation prices (chart above) over the past range of quarters. Dividend: Current yield 3.63% 2016 Outlook: Management's is targeting multi-client investments of some $220 million with between forty five and five hundredth of those investments pre-funded – supply Q1 Company figures on Technical analysis in UK. Broker Stock sentiment: presently negative on the name.

TGS is about to report Q2 numbers on August four

 Parameters

Entry:    wanting to shop for on this pullback and add on an opportunity higher For goal break consumers (B): we might highlight NOK140 (mid Apr 2016 highs) for pullback consumers (P): we might highlight

NOK115 (early Apr 2016) with a lower level at NOK100.30

Stop:     As low risk market participants we might advocate a tough stop loss @ NOK99

Target:  NOK150 then NOK165

One fascinating combine, and undoubtedly an investor outlook at the instant, is USDJPY. Longer timeframes would highlight that we tend to might reverse from current levels. The most issue with this read is that the proven fact that EURJPY and AUDJPY area unit still pessimistic, however solely when corrective bounces on UK Technical Analysis.