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NYSE:IOIon Geophysical Stock Price, Forecast & News

$2.58
-0.03 (-1.15 %)
(As of 08/12/2020 04:00 PM ET)
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Today's Range
$2.54
Now: $2.58
$2.67
50-Day Range
$2.18
MA: $2.54
$3.00
52-Week Range
$1.13
Now: $2.58
$10.22
Volume215,300 shs
Average Volume923,012 shs
Market Capitalization$38.72 million
P/E RatioN/A
Dividend YieldN/A
Beta4.35
ION Geophysical Corporation, together with its subsidiaries, provides a suite of services and products for seismic data acquisition and processing the United States and internationally. The company operates in three segments: E&P Technology & Services, Operations Optimization, and Ocean Bottom Integrated Technologies. The Exploration and Production (E&P) Technology & Services segment offers seismic data services, including survey planning and design, data acquisition, subsurface imaging, and reservoir characterization, as well as technical, commercial, and strategic advisory services. The Operations Optimization segment provides survey design, and command and control software systems and related services for marine towed streamer and seabed operations. It also manufactures and repairs marine towed streamer positioning and control systems, analog geophone sensors, and compasses, which are deployed in marine robotics, scientific, E&P, and other commercial applications. The Ocean Bottom Integrated Technologies segment offers survey design, planning, and optimization services to maximize seismic image quality, operational efficiency, and safety; data acquisition; superior imaging; and data processing, interpretation, and reservoir services. This segment also develops re-deployable ocean bottom data acquisition technology. The company markets and sells its services and products through direct sales force and third-party sales representatives. The company was formerly known as Input/Output, Inc. and changed its name to ION Geophysical Corporation in 2007. ION Geophysical Corporation was founded in 1968 and is headquartered in Houston, Texas.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.0Community Rank: 1.8Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

0.96 out of 5 stars


Industry, Sector and Symbol

Industry Oil & gas exploration services
Sub-IndustryOil & Gas Equipment & Services
CUSIP46204410
Phone281-933-3339

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$174.68 million
Cash Flow$0.68 per share
Book Value($2.30) per share

Profitability

Net Income$-48,200,000.00

Miscellaneous

Employees496
Market Cap$38.72 million
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$2.58
-0.03 (-1.15 %)
(As of 08/12/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Ion Geophysical (NYSE:IO) Frequently Asked Questions

How has Ion Geophysical's stock been impacted by Coronavirus?

Ion Geophysical's stock was trading at $1.66 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, IO stock has increased by 55.4% and is now trading at $2.58.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Ion Geophysical?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ion Geophysical in the last year. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Ion Geophysical
.

When is Ion Geophysical's next earnings date?

Ion Geophysical is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Ion Geophysical
.

How were Ion Geophysical's earnings last quarter?

Ion Geophysical Corp (NYSE:IO) announced its quarterly earnings results on Wednesday, August, 5th. The oil and gas company reported ($0.85) EPS for the quarter, missing the Zacks' consensus estimate of ($0.73) by $0.12. The oil and gas company had revenue of $22.73 million for the quarter, compared to analyst estimates of $21.97 million.
View Ion Geophysical's earnings history
.

What guidance has Ion Geophysical issued on next quarter's earnings?

Ion Geophysical updated its second quarter 2020 After-Hours earnings guidance on Wednesday, July, 1st. The company provided EPS guidance of for the period. The company issued revenue guidance of $22-22 million, compared to the consensus revenue estimate of $29.53 million.

What price target have analysts set for IO?

3 brokerages have issued twelve-month price objectives for Ion Geophysical's shares. Their forecasts range from $4.00 to $4.00. On average, they anticipate Ion Geophysical's share price to reach $4.00 in the next year. This suggests a possible upside of 55.0% from the stock's current price.
View analysts' price targets for Ion Geophysical
.

Has Ion Geophysical been receiving favorable news coverage?

Media stories about IO stock have been trending extremely negative this week, InfoTrie Sentiment reports. The research firm scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Ion Geophysical earned a daily sentiment score of -4.1 on InfoTrie's scale. They also assigned news headlines about the oil and gas company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the next several days.
View the latest news about Ion Geophysical
.

Are investors shorting Ion Geophysical?

Ion Geophysical saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 619,100 shares, an increase of 115.1% from the January 31st total of 287,800 shares. Based on an average trading volume of 161,100 shares, the short-interest ratio is presently 3.8 days. Approximately 6.4% of the shares of the stock are short sold.
View Ion Geophysical's Short Interest
.

Who are some of Ion Geophysical's key competitors?

What other stocks do shareholders of Ion Geophysical own?

Who are Ion Geophysical's key executives?

Ion Geophysical's management team includes the following people:
  • Mr. R. Brian Hanson, Pres, CEO & Director (Age 54)
  • Mr. Steven A. Bate, Exec. VP & CFO (Age 56)
  • Mr. Matthew R. Powers, Exec. VP, Gen. Counsel & Corp. Sec. (Age 43)
  • Mr. Kenneth G. Williamson, Exec. VP and COO of E&P Technology & Services (Age 54)
  • Mr. Christopher T. Usher, Exec. VP & COO of Operations Optimization (Age 58)

What is Ion Geophysical's stock symbol?

Ion Geophysical trades on the New York Stock Exchange (NYSE) under the ticker symbol "IO."

Who are Ion Geophysical's major shareholders?

Ion Geophysical's stock is owned by a number of institutional and retail investors. Top institutional investors include Assenagon Asset Management S.A. (1.22%), Raymond James Financial Services Advisors Inc. (0.33%), Goldman Sachs Group Inc. (0.20%) and Virtu Financial LLC (0.09%). Company insiders that own Ion Geophysical stock include Christopher Theron Usher, James M Lapeyre Jr and Michael L Morrison.
View institutional ownership trends for Ion Geophysical
.

Which institutional investors are buying Ion Geophysical stock?

IO stock was bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Goldman Sachs Group Inc., Virtu Financial LLC, and Raymond James Financial Services Advisors Inc.. Company insiders that have bought Ion Geophysical stock in the last two years include Christopher Theron Usher, James M Lapeyre Jr, and Michael L Morrison.
View insider buying and selling activity for Ion Geophysical
.

How do I buy shares of Ion Geophysical?

Shares of IO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Ion Geophysical's stock price today?

One share of IO stock can currently be purchased for approximately $2.58.

How big of a company is Ion Geophysical?

Ion Geophysical has a market capitalization of $38.72 million and generates $174.68 million in revenue each year. The oil and gas company earns $-48,200,000.00 in net income (profit) each year or ($2.40) on an earnings per share basis. Ion Geophysical employs 496 workers across the globe.

What is Ion Geophysical's official website?

The official website for Ion Geophysical is www.iongeo.com.

How can I contact Ion Geophysical?

Ion Geophysical's mailing address is 2105 CITYWEST BLVD SUITE 100, HOUSTON TX, 77042. The oil and gas company can be reached via phone at 281-933-3339 or via email at [email protected]

This page was last updated on 8/13/2020 by MarketBeat.com Staff

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