ION Geophysical (NYSE:IO) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of ION Geophysical (NYSE:IOGet Rating) in a research report released on Thursday. The brokerage issued a hold rating on the oil and gas company’s stock.

Separately, Alliance Global Partners downgraded shares of ION Geophysical from a buy rating to a sell rating in a report on Tuesday, April 26th.

NYSE:IO opened at $0.35 on Thursday. The company has a 50-day moving average of $0.66 and a 200-day moving average of $0.97. ION Geophysical has a 52 week low of $0.30 and a 52 week high of $2.67.

A number of hedge funds and other institutional investors have recently modified their holdings of IO. State Street Corp lifted its position in shares of ION Geophysical by 79.9% in the fourth quarter. State Street Corp now owns 59,010 shares of the oil and gas company’s stock worth $52,000 after purchasing an additional 26,200 shares in the last quarter. Virtu Financial LLC grew its stake in shares of ION Geophysical by 63.8% in the fourth quarter. Virtu Financial LLC now owns 72,158 shares of the oil and gas company’s stock valued at $63,000 after acquiring an additional 28,117 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of ION Geophysical in the fourth quarter valued at about $69,000. Bank of New York Mellon Corp grew its stake in shares of ION Geophysical by 1,930.7% in the first quarter. Bank of New York Mellon Corp now owns 91,992 shares of the oil and gas company’s stock valued at $80,000 after acquiring an additional 87,462 shares in the last quarter. Finally, Citadel Advisors LLC grew its stake in ION Geophysical by 708.7% during the third quarter. Citadel Advisors LLC now owns 68,255 shares of the oil and gas company’s stock worth $91,000 after buying an additional 59,815 shares in the last quarter. Hedge funds and other institutional investors own 16.49% of the company’s stock.

ION Geophysical Company Profile (Get Rating)

ION Geophysical Corporation provides data-driven decision-making to offshore energy, and ports, and defense industries worldwide. The company operates through two segments, E&P Technology & Services and Operations Optimization. The E&P Technology & Services segment creates digital data assets and delivers services to help E&P companies improve decision-making and reduce risk.

Read More

Receive News & Ratings for ION Geophysical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ION Geophysical and related companies with MarketBeat.com's FREE daily email newsletter.