Ion Geophysical Corp (IO) Getting Favorable Media Coverage, Study Finds
News headlines about Ion Geophysical Corp (NYSE:IO) have been trending positive recently, according to AlphaOne Sentiment Analysis. The research group, a subsidiary of Accern, rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ion Geophysical Corp earned a news sentiment score of 0.35 on AlphaOne’s scale. AlphaOne also assigned news stories about the oil and gas company an impact score of 100 out of 100, meaning that recent media coverage is extremely likely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Alpha One Sentiment’s rankings:
- ION reports first quarter 2017 results (finance.yahoo.com)
- ION announces termination of “at-the-market” equity offering program (finance.yahoo.com)
- ION announces first quarter 2017 earnings and conference call schedule (finance.yahoo.com)
- Explorers continue to retreat from oil frontiers (peakoil.com)
- ION wins grant to help develop offshore operations management software (newsoneplace.com)
Ion Geophysical Corp (NYSE:IO) opened at 4.30 on Thursday. Ion Geophysical Corp has a 12-month low of $3.87 and a 12-month high of $8.91. The firm has a 50-day moving average of $4.50 and a 200 day moving average of $5.71. The firm’s market capitalization is $50.71 million.
Ion Geophysical Corp (NYSE:IO) last issued its quarterly earnings results on Wednesday, February 8th. The oil and gas company reported ($0.99) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by $1.02. The firm had revenue of $35.37 million for the quarter, compared to analysts’ expectations of $77.70 million. Ion Geophysical Corp had a negative return on equity of 106.60% and a negative net margin of 37.70%. During the same quarter last year, the firm earned ($0.47) earnings per share. On average, equities analysts predict that Ion Geophysical Corp will post ($5.35) EPS for the current year.
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About Ion Geophysical Corp
ION Geophysical Corporation is a technology-focused company. It provides geophysical technology, services and solutions to the global oil and gas industry. Its offerings are designed to enable oil and gas exploration and production (E&P) companies to obtain images of the Earth’s subsurface. It offers services and products through three segments: E&P Technology & Services, E&P Operations Optimization, and Ocean Bottom Services.
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