Somewhat Positive Press Coverage Somewhat Unlikely to Impact Ion Geophysical Corporation (IO) Stock Price
Media stories about Ion Geophysical Corporation (NYSE:IO) have been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ion Geophysical Corporation earned a news impact score of 0.16 on Accern’s scale. Accern also gave press coverage about the oil and gas company an impact score of 45.8547441944675 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- 42 Biggest Movers From Yesterday – Benzinga (benzinga.com)
- ION Geophysical: The Only Oilfield Services Climber This Week (finance.yahoo.com)
- Ion Geophysical : regains compliance with NYSE continued listing standards (4-traders.com)
- ION regains compliance with NYSE continued listing standards (finance.yahoo.com)
Separately, ValuEngine downgraded shares of Ion Geophysical Corporation from a “hold” rating to a “sell” rating in a report on Monday, October 23rd.
Shares of Ion Geophysical Corporation (NYSE:IO) traded up $1.80 during mid-day trading on Friday, reaching $14.65. 98,662 shares of the company traded hands, compared to its average volume of 168,720. Ion Geophysical Corporation has a 12-month low of $3.20 and a 12-month high of $15.30. The company has a quick ratio of 0.78, a current ratio of 0.89 and a debt-to-equity ratio of 3.88.
Ion Geophysical Corporation (NYSE:IO) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.37) by $0.78. Ion Geophysical Corporation had a negative net margin of 20.19% and a negative return on equity of 102.40%. The firm had revenue of $61.10 million during the quarter. During the same period in the prior year, the business earned ($3.30) earnings per share.
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About Ion Geophysical Corporation
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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