Ion Geophysical Corp. (IO) Director James M. Lapeyre, Jr. Acquires 13,400 Shares
Ion Geophysical Corp. (NYSE:IO) Director James M. Lapeyre, Jr. acquired 13,400 shares of the firm’s stock in a transaction on Wednesday, September 21st. The stock was purchased at an average price of $5.69 per share, for a total transaction of $76,246.00. Following the transaction, the director now directly owns 157,773 shares of the company’s stock, valued at approximately $897,728.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Ion Geophysical Corp. (NYSE:IO) opened at 5.93 on Friday. The company’s 50 day moving average is $5.74 and its 200 day moving average is $6.79. The stock’s market cap is $69.89 million. Ion Geophysical Corp. has a 12 month low of $2.55 and a 12 month high of $12.15.
Ion Geophysical Corp. (NYSE:IO) last issued its earnings results on Wednesday, August 3rd. The company reported ($1.85) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.86) by $0.01. Ion Geophysical Corp. had a negative net margin of 42.51% and a negative return on equity of 85.96%. The firm earned $36.15 million during the quarter, compared to analyst estimates of $38.90 million. During the same quarter in the prior year, the business earned ($4.05) earnings per share. Ion Geophysical Corp.’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, analysts anticipate that Ion Geophysical Corp. will post ($7.24) EPS for the current fiscal year.
Several institutional investors have recently modified their holdings of the company. Wolverine Asset Management LLC acquired a new position in Ion Geophysical Corp. during the second quarter valued at approximately $296,000. Paloma Partners Management Co acquired a new position in Ion Geophysical Corp. during the second quarter valued at approximately $232,000. Bridgeway Capital Management Inc. raised its position in Ion Geophysical Corp. by 148.1% in the second quarter. Bridgeway Capital Management Inc. now owns 109,150 shares of the company’s stock valued at $680,000 after buying an additional 65,150 shares during the period. Osterweis Capital Management Inc. acquired a new position in Ion Geophysical Corp. during the second quarter valued at approximately $648,000. Finally, Brookfield Asset Management Inc. acquired a new position in Ion Geophysical Corp. during the second quarter valued at approximately $235,000. Hedge funds and other institutional investors own 42.76% of the company’s stock.
Ion Geophysical Corp. Company Profile
ION Geophysical Corporation is a technology focused company that provides geophysical technology, services and solutions to the global oil and gas industry. The Company offers services and products through four segments: Solutions, Systems, Software and Ocean Bottom Services (OBS). The Company’s Solutions segment provides over two service activities: Ventures group and Imaging Services group.
Receive News & Ratings for Ion Geophysical Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ion Geophysical Corp. and related companies with MarketBeat.com's FREE daily email newsletter.