Ion Geophysical Corp (NYSE:IO) CFO Steven Bate bought 18,176 shares of the stock in a transaction on Thursday, December 14th. The shares were bought at an average price of $13.05 per share, for a total transaction of $237,196.80. Following the acquisition, the chief financial officer now owns 86,595 shares in the company, valued at approximately $1,130,064.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Ion Geophysical Corp (NYSE IO) opened at $19.35 on Thursday. Ion Geophysical Corp has a fifty-two week low of $3.20 and a fifty-two week high of $20.35. The company has a current ratio of 0.89, a quick ratio of 0.78 and a debt-to-equity ratio of 3.88.

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

Several hedge funds have recently bought and sold shares of the company. Neuberger Berman Group LLC boosted its holdings in shares of Ion Geophysical by 2.1% during the third quarter. Neuberger Berman Group LLC now owns 180,868 shares of the oil and gas company’s stock worth $1,720,000 after purchasing an additional 3,741 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Ion Geophysical by 24.0% during the third quarter. JPMorgan Chase & Co. now owns 118,559 shares of the oil and gas company’s stock worth $1,114,000 after purchasing an additional 22,913 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Ion Geophysical by 14.1% in the third quarter. Wells Fargo & Company MN now owns 79,995 shares of the oil and gas company’s stock valued at $761,000 after acquiring an additional 9,900 shares during the last quarter. California Public Employees Retirement System boosted its holdings in Ion Geophysical by 203.9% in the first quarter. California Public Employees Retirement System now owns 43,966 shares of the oil and gas company’s stock valued at $213,000 after acquiring an additional 29,500 shares during the last quarter. Finally, OxFORD Asset Management LLP boosted its holdings in Ion Geophysical by 49.6% in the third quarter. OxFORD Asset Management LLP now owns 42,286 shares of the oil and gas company’s stock valued at $400,000 after acquiring an additional 14,021 shares during the last quarter. Institutional investors and hedge funds own 34.11% of the company’s stock.

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

TRADEMARK VIOLATION WARNING: This piece was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another website, it was copied illegally and reposted in violation of international trademark and copyright laws. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/12/21/insider-buying-ion-geophysical-corp-io-cfo-acquires-237196-80-in-stock.html.

About Ion Geophysical

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.

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.