Geospace Technologies - GEOS Stock Forecast, Price & News

Geospace Technologies Corporation designs and manufactures instruments and equipment used in the oil and gas industry to acquire seismic data in order to locate, characterize, and monitor hydrocarbon producing reservoirs. The company operates through three segments: Oil and Gas Markets, Adjacent Markets, and Emerging Markets. The Oil and Gas Markets segment offers wireless seismic data acquisition systems and reservoir characterization products and services, as well as traditional seismic exploration products, such as geophones, hydrophones, leader wires, connectors, cables, marine streamer retrieval and steering devices, and other seismic products. The Adjacent Markets segment provides industrial products, including imaging equipment, water meter products, remote shut-off valves and Internet of Things platform, and offshore cables, as well as seismic sensors for vibration monitoring and geotechnical applications, such as mine safety and earthquake detection applications; and electronic pre-press products that employ direct thermal imaging, direct-to-screen printing systems, and digital inkjet printing technologies targeted at the commercial and industrial graphics, textile, and flexographic printing industries. The Emerging Markets segment designs and sells products used for border and perimeter security surveillance, cross-border tunneling detection, and other products targeted at movement monitoring, intrusion detection, and situational awareness. This segment serves customers that include various agencies of the United States government, including the Department of Defense, Department of Energy, Department of Homeland Security, and other agencies. The company operates in Asia, Canada, Europe, the United States, and internationally. Geospace Technologies Corporation was founded in 1980 and is headquartered in Houston, Texas.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Geospace Technologies from a "hold" rating to a "buy" rating in a research report on Monday, May 23rd.

Geospace Technologies Price Performance

NASDAQ:GEOS opened at $4.70 on Thursday. The company has a market capitalization of $61.19 million, a P/E ratio of -4.35 and a beta of 1.60. The business has a fifty day simple moving average of $5.03 and a two-hundred day simple moving average of $5.65. Geospace Technologies has a 1 year low of $4.10 and a 1 year high of $10.94.

Geospace Technologies (NASDAQ:GEOS - Get Rating) last announced its quarterly earnings data on Wednesday, May 11th. The oil and gas company reported ($0.11) earnings per share for the quarter. The firm had revenue of $24.70 million during the quarter. Geospace Technologies had a negative return on equity of 10.03% and a negative net margin of 16.51%.