Electromagnetic Geoservices traded at 0.24 this Monday February 23rd, decreasing 0.01 or 2.43 percent since the previous trading session. Looking back, over the last four weeks, Electromagnetic Geoservices lost 72.14 percent. Over the last 12 months, its price fell by 88.36 percent. Looking ahead, we forecast Electromagnetic Geoservices to be priced at 0.24 by the end of this quarter and at 0.23 in one year, according to Trading Economics global macro models projections and analysts expectations.
ElectroMagnetic GeoServices ASA (EMGS) is a Norway-based company active within the oil and gas industry. The Company uses its electromagnetic (EM) technology to support oil and gas companies in their search for offshore hydrocarbons. EMGS is engaged in the planning, acquisition, processing, modelling, interpretation and integration of EM data. Its customers are international oil companies and national regulators, among others. EMGS with its subsidiaries is referred to as the Group and it is organized into one reportable segment. The Company operates globally with main offices in Trondheim and Oslo, Norway; Houston, the United States; and Kuala Lumpur, Malaysia. As of December 31, 2013, it had 24 subsidiaries in Norway, Australia, Brazil, the United States, the Netherlands, Nigeria, Mexico, Malaysia, Cyprus, Canada and the United Kingdom. Its subsidiaries include EMGS Americas 1 AS, EMGS Americas Inc and EMGS International B.V., among others.