ION Geophysical Corp. Director John Seitz Sells 10,000 Shares (IO)
ION Geophysical Corp. (NYSE:IO) Director John Seitz unloaded 10,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $4.81, for a total value of $48,100.00. Following the sale, the director now directly owns 93,895 shares in the company. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on IO. Analysts at Barclays Capital raised their price target on shares of ION Geophysical Corp. (NYSE:IO) from $8.00 to $9.00 in a research note to investors on Tuesday, September 3rd. They now have an “overweight” rating on the stock. Separately, analysts at TheStreet downgraded shares of ION Geophysical Corp. (NYSE:IO) from a “hold” rating to a “sell” rating in a research note to investors on Friday, August 9th.
One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $8.25.
ION Geophysical Corp. (NYSE:IO) traded down 0.83% during mid-day trading on Friday, hitting $4.80. 468,337 shares of the company’s stock traded hands. ION Geophysical Corp. has a 52 week low of $4.59 and a 52 week high of $7.87. The stock has a 50-day moving average of $5.25 and a 200-day moving average of $6.07. The company’s market cap is $753.9 million.
ION Geophysical Corp. (NYSE:IO) last released its earnings data on Wednesday, August 7th. The company reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.07. The company had revenue of $120.90 million for the quarter, compared to the consensus estimate of $127.48 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. On average, analysts predict that ION Geophysical Corp. will post $0.21 earnings per share for the current fiscal year.
ION Geophysical Corporation (NYSE:IO) is a technology-focused seismic solutions company, which provides acquisition equipment, software and planning and seismic processing services to the global energy industry.
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