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Goldman Sachs maintains a “buy” rating on TGS
Businessinsider
1h ago
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Goldman Sachs analyst Michele Della Vigna maintained a “buy” rating on TGS yesterday. TipRanks data shows that the stock currently has a consensus rating of “moderate buy” among analysts, with an average target price of $20.79; the company's latest disclosure indicates that quarterly revenue as of June 30 was 373 million Norwegian kroner, and net profit was 39.6 million Norwegian kroner.
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Goldman Sachs analyst Michele Della Vigna maintained a “buy” rating on TGS yesterday. The company’s stock closed at NOK 134.80 on Friday last week.

According to the data from TipRanks, Della Vigna is a five-star analyst with an average return rate of 7.7% and a success rate of 65.53%. Della Vigna covers the energy sector, and the stocks that they focus on include TotalEnergies SE, Ithaca Energy PLC, and Harbour Energy.

Overall, Wall Street analysts have unanimously rated TGS as 'moderate buy', with an average target price of $20.79.

According to the latest financial report for the quarter ending June 30th as per TGS, the company's revenue for that quarter was 373 million Norwegian kroner, with a net profit of 39.6 million Norwegian kroner. In contrast, during the same period last year, the company's revenue was 334.2 million Norwegian kroner, and the net loss calculated according to U.S. Generally Accepted Accounting Principles ( GAAP ) was 60 million Norwegian kroner.

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