James M. Lapeyre, Jr. Buys 12,200 Shares of Ion Geophysical Corp. (IO) Stock
Ion Geophysical Corp. (NYSE:IO) Director James M. Lapeyre, Jr. bought 12,200 shares of the firm’s stock in a transaction that occurred on Friday, September 23rd. The stock was purchased at an average cost of $5.82 per share, for a total transaction of $71,004.00. Following the completion of the purchase, the director now owns 157,773 shares of the company’s stock, valued at $918,238.86. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Ion Geophysical Corp. (NYSE:IO) opened at 5.90 on Wednesday. The stock’s market capitalization is $69.54 million. Ion Geophysical Corp. has a 52 week low of $2.55 and a 52 week high of $12.15. The company has a 50 day moving average of $5.77 and a 200 day moving average of $6.77.
Ion Geophysical Corp. (NYSE:IO) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported ($1.85) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.86) by $0.01. The business earned $36.15 million during the quarter, compared to analysts’ expectations of $38.90 million. Ion Geophysical Corp. had a negative return on equity of 85.96% and a negative net margin of 42.51%. The business’s revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($4.05) earnings per share. Equities analysts expect that Ion Geophysical Corp. will post ($7.24) EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of IO. Spark Investment Management LLC acquired a new stake in Ion Geophysical Corp. during the first quarter worth approximately $400,000. DUPONT CAPITAL MANAGEMENT Corp acquired a new stake in Ion Geophysical Corp. during the second quarter worth approximately $189,000. Oxford Asset Management boosted its stake in Ion Geophysical Corp. by 192.8% in the second quarter. Oxford Asset Management now owns 112,733 shares of the company’s stock worth $702,000 after buying an additional 74,225 shares during the period. Pax World Management LLC acquired a new stake in Ion Geophysical Corp. during the second quarter worth approximately $312,000. Finally, TFS Capital LLC acquired a new stake in Ion Geophysical Corp. during the second quarter worth approximately $165,000. Institutional investors and hedge funds 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.
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