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Why ION Geophysical Has Outperformed the Industry Year-to-Date

Alex Chamberlin
Why ION Geophysical Has Outperformed the Industry Year-to-Date

ION Geophysical’s (IO) year-to-date returns as of May 11 were 37.5%. So far in 2018, it has outperformed the US rig count (rose 12%). During that period, it has also outperformed the Energy Select Sector SPDR ETF (XLE) (rose 6.2%), the VanEck Vectors Oil Services ETF (OIH) (rose 7.6%), and the SPDR S&P 500 ETF (SPY) (rose 2.2%). XLE tracks an index of US energy companies in the S&P 500 index.