TGS Secures Multi-Year Licensing Agreement with Supermajor for Imaging AnyWare Software
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Globenewswire
- Client Expansion: TGS has signed a multi-year enterprise agreement with a supermajor for licensing its Imaging AnyWare software, further solidifying TGS's leadership in geophysical technology innovation.
- Market Confidence: The supermajor's decision to standardize on Imaging AnyWare demonstrates confidence in the software's functionality and acknowledges TGS's ongoing commitment to innovation.
- Collaborative R&D: The agreement establishes collaborative R&D opportunities between TGS and the supermajor, facilitating the integration of proprietary technology and enhancing the software's market competitiveness.
- Project Acceleration: The Imaging AnyWare software platform accelerates project timelines and delivers enhanced subsurface images, which is expected to significantly improve the efficiency of the supermajor's global exploration and production operations.
TGS
$31.53+Infinity%1D
Analyst Views on TGS
Wall Street analysts forecast TGS stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TGS is 13.25 USD with a low forecast of 13.25 USD and a high forecast of 13.25 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 31.610
Low
13.25
Averages
13.25
High
13.25
Current: 31.610
Low
13.25
Averages
13.25
High
13.25
About TGS
Transportadora de Gas del Sur S.A. is an Argentina-based company, which is principally engaged in the provision of public natural gas transportation services and the production and commercialization of natural gas liquids. The Company operates gas pipeline system in Latin America. The trunk gas pipeline system of the Company connects the main gas fields in the south and west of Argentina with gas distributors and industrial gas distributors and industrial customers in those areas and in greater Buenos Aires. In addition, it provides midstream services, which mainly consist of the treatment, separation of impurities and compression of natural gas, gathering and transportation of natural gas in reservoirs, as well as gas pipeline construction, operation and maintenance services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
