Somewhat Favorable News Coverage Somewhat Unlikely to Affect Ion Geophysical (IO) Share Price

News articles about Ion Geophysical (NYSE:IO) have trended somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Ion Geophysical earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 44.6477630266386 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the media stories that may have effected Accern Sentiment’s analysis:

Shares of Ion Geophysical (NYSE:IO) traded up $0.70 during trading hours on Tuesday, hitting $14.10. 410,500 shares of the company were exchanged, compared to its average volume of 86,341. The company has a debt-to-equity ratio of 3.88, a quick ratio of 0.78 and a current ratio of 0.89. Ion Geophysical has a 1-year low of $3.20 and a 1-year high of $15.30.

Ion Geophysical (NYSE:IO) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.78. Ion Geophysical had a negative net margin of 20.19% and a negative return on equity of 102.40%. The business had revenue of $61.10 million for the quarter. During the same quarter in the prior year, the business earned ($3.30) earnings per share.

Separately, ValuEngine upgraded shares of Ion Geophysical from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th.

In other Ion Geophysical news, CFO Steven Bate bought 18,176 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was acquired at an average cost of $13.05 per share, with a total value of $237,196.80. Following the purchase, the chief financial officer now owns 86,595 shares in the company, valued at $1,130,064.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO R Brian Hanson purchased 36,351 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were acquired at an average cost of $13.05 per share, with a total value of $474,380.55. Following the completion of the purchase, the chief executive officer now directly owns 154,325 shares in the company, valued at $2,013,941.25. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 55,739 shares of company stock valued at $727,394. 15.20% of the stock is owned by company insiders.

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Ion Geophysical Company Profile

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.

Insider Buying and Selling by Quarter for Ion Geophysical (NYSE:IO)

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