Geospace Technologies (NASDAQ:GEOS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Geospace Technologies (NASDAQ:GEOS) from a hold rating to a buy rating in a research report report published on Saturday.

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Geospace Technologies in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Geospace Technologies currently has a consensus rating of “Sell”.

Geospace Technologies Price Performance

NASDAQ GEOS opened at $11.60 on Friday. The company has a market cap of $148.72 million, a P/E ratio of -10.94 and a beta of 0.62. Geospace Technologies has a 12 month low of $5.51 and a 12 month high of $29.89. The company has a 50-day moving average of $22.44 and a 200-day moving average of $16.07.

Geospace Technologies (NASDAQ:GEOS) last released its earnings results on Thursday, November 20th. The oil and gas company reported ($0.71) earnings per share (EPS) for the quarter. The company had revenue of $30.71 million during the quarter. Geospace Technologies had a negative net margin of 11.70% and a positive return on equity of 2.77%.

Institutional Trading of Geospace Technologies

A number of hedge funds have recently made changes to their positions in GEOS. SBI Securities Co. Ltd. boosted its stake in shares of Geospace Technologies by 14,530.0% in the third quarter. SBI Securities Co. Ltd. now owns 1,463 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 1,453 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Geospace Technologies during the second quarter valued at about $51,000. BNP Paribas Financial Markets lifted its stake in shares of Geospace Technologies by 670.8% in the third quarter. BNP Paribas Financial Markets now owns 3,453 shares of the oil and gas company’s stock worth $65,000 after acquiring an additional 3,005 shares in the last quarter. Nuveen LLC acquired a new stake in Geospace Technologies during the 1st quarter valued at approximately $120,000. Finally, ARS Wealth Advisors Group LLC acquired a new position in shares of Geospace Technologies in the 2nd quarter valued at approximately $179,000. Hedge funds and other institutional investors own 57.15% of the company’s stock.

Geospace Technologies Company Profile

Geospace Technologies Corporation designs and manufactures instruments and equipment used in the oil and gas industry to acquire seismic data in order to locate, characterize, and monitor hydrocarbon producing reservoirs. The company operates through three segments: Oil and Gas Markets, Adjacent Markets, and Emerging Markets.