Ion Geophysical (NYSE: IO) announced its earnings results on Wednesday, October 31st. The oil and gas company ($ 0.52) reported EPS for the quarter, missing Thomson Reuters' consensus estimation of $ 0.87 by ($ 1.39), Fidelity Earnings reports. Geophysical Ion had a negative net edge of 32.58% and a negative return on equity of 112.49%. The revenue company had $ 47.20 million during the quarter, compared to the estimated consensus of $ 65.50 million.
NYSE shares sold $ 0.35 during midday trading on Friday, reaching $ 9.14. A total of 122,256 shares were converted to the company, compared to an average of 163,070. The company has a debt-to-equity ratio of 4.44, a fast ratio of 0.81 and a current ratio of 0.95. The stock stock has a market of $ 121.69 million, an AG ratio of -5.68 and beta from 2.81. Ion Geophysical with twelve months is low at $ 8.50 and twelve months high from $ 32.45.
In related news, the Director bought James M. Lapeyre, Jr. 10,000 shares of the stock of the business in a transaction dated Wednesday, November 7. The stock was purchased at an average price of $ 10.28 per share, for a total of $ 102,800.00. Following the purchase, the director now owns 182,773 shares in the company, which is valued at around $ 1,878,906.44. The transaction filed with the Securities and Exchange Commission, which is available through this hyperlink. Company insiders own 13.80% of the stock of the company.
The institutional investor recently raised its site in Ion Geophysical stock. New York Mellon Bank Corp. raised its position at Ion Geophysical Corp (NYSE: IO) by 88.5% during the second quarter, according to the company in its latest 13F file with the Commission Securities & Exchange. The company owned 40,952 shares of the oil and gas company's stock after buying 19,232 additional shares during the quarter. New York Mellon Bank Corp. owned approximately 0.29% of Geophysical Jan worth $ 995,000 at the end of the latest quarter. 55.64% of the stock is owned by hedge funds and other institutional investors.
Recently, several sketches commented on IO. Oppenheimer restated "market performance" on shares of Geophysical In a report on Friday, 2nd November. UBS Group cut shares of Geophysical Jan from "exceed" to "market performance" rating in a research note on Thursday, 1st November. ValuEngine rejected shares of Geophysical Jan from a "hold" rating to a "sales" degree in a research note on Tuesday, November 6th. Finally, CIBC reiterated "market performance" on shares of Geophysical In a research note on Friday, 2nd November. One analyst has rated the stock with a sales scale, three have scored and two have issued a purchase rating for the company's stock. The stock currently has an average scale of "Hold" and an average target price of $ 57.00.
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Geophysical Ion Ion
The ION Geophysical Corporation provides products, services, and geoscience solutions to the oil and gas industry worldwide. It operates through three divisions: E & P Technology & Services, E & P Operations Optimization, and Ocean Bottom Services. The E & P Technology and Services segment offers complete seismic data services, including design and planning of surveys, data procurement, project management, advanced processing and imaging services, as well as feature services and interpretation of funds.
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