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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  CGG    CGG   FR0013181864

CGG

(CGG)
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CGG : Close to major technical levels

01/14/2020 | 09:18am EST
short sell
Target price hit
Entry price : 2.893€ | Target : 2.59€ | Stop-loss : 3.13€ | Potential : 10.47%
The resistance zone around 2.98 EUR on the weekly chart shuold rein in spikes to the upside. The timing to get ahead of the start of a correction in shares of CGG seems very opportune.
Investors should open a short trade and target the € 2.59.
CGG : CGG : Close to major technical levels
Summary
  • For a short-term investment strategy, the company has poor fundamentals.

Strengths
  • Over the last seven days, analysts have been revising upwards their EPS estimates for the company.
  • For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
  • Within the weekly time frame the stock shows a bullish technical configuration above the support level at 1.99 EUR

Weaknesses
  • Stock prices approach a strong long-term resistance in weekly data at EUR 2.98.
  • Technically, the stock approaches a strong medium-term resistance at EUR 3.03.
  • With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.
  • The company sustains low margins.
  • Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.
  • Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.
  • For the last four months, EPS estimates made by Standard & Poor's analysts have been revised downwards.

© MarketScreener.com 2020
Stocks mentioned in the article
ChangeLast1st jan.
AT HOME GROUP INC. 0.73% 24.93 Delayed Quote.61.25%
BYD COMPANY LIMITED 2.50% 254.6 End-of-day quote.25.30%
CGG -7.07% 0.873 Real-time Quote.7.78%

Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials (USD)
Sales 2020 931 M - -
Net income 2020 -340 M - -
Net Debt 2020 977 M - -
P/E ratio 2020 -2,23x
Yield 2020 -
Capitalization 756 M 756 M -
EV / Sales 2020 1,86x
EV / Sales 2021 1,71x
Nbr of Employees 4 564
Free-Float 95,7%
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 1,36 $
Last Close Price 1,06 $
Spread / Highest target 129%
Spread / Average Target 28,1%
Spread / Lowest Target -33,0%
EPS Revisions
Managers and Directors
NameTitle
Sophie Zurquiyah-Rousset Chief Executive Officer & Director
Philippe Salle Chairman
Yuri Baidoukov Group Chief Financial Officer & Treasurer
Don Pham Head-Research & Technology
Chu Ong Ting Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
CGG7.78%756
SCHLUMBERGER LIMITED10.81%33 979
HALLIBURTON COMPANY2.70%17 008
BAKER HUGHES COMPANY6.33%15 205
TENARIS S.A.-5.04%9 039
ENERGY ABSOLUTE25.38%7 679