IO - ION Geophysical Corporation

NYSE - NYSE Delayed Price. Currency in USD
2.3400
+0.0700 (+3.08%)
At close: 4:00PM EDT

2.4400 +0.10 (4.27%)
After hours: 5:53PM EDT

Stock chart is not supported by your current browser
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Bearishpattern detected
Double Moving Average Crossover

Double Moving Average Crossover

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close2.2700
Open2.2600
Bid2.3400 x 3000
Ask2.4300 x 2200
Day's Range2.2500 - 2.4300
52 Week Range1.1300 - 10.7300
Volume225,382
Avg. Volume1,479,907
Market Cap35.186M
Beta (5Y Monthly)4.32
PE Ratio (TTM)N/A
EPS (TTM)-2.0550
Earnings DateJul 29, 2020 - Aug 03, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est3.25
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
Research that delivers an independent perspective, consistent methodology and actionable insight
Related Research
View more
  • ION announces preliminary second quarter 2020 revenues of ~$22 million, increasing cash by ~$24 million to $40 million (excluding net revolver borrowings)
    PR Newswire

    ION announces preliminary second quarter 2020 revenues of ~$22 million, increasing cash by ~$24 million to $40 million (excluding net revolver borrowings)

    ION Geophysical Corporation (NYSE: IO) today announced that the Company expects second quarter 2020 revenues to be approximately $22 million, increasing cash to approximately $40 million (excluding net revolver borrowings) at June 30, 2020, an improvement of approximately $24 million over the prior quarter. Total liquidity, consisting of cash on hand and available borrowing base capacity under the revolving credit facility, is expected to exceed $70 million at quarter end.

  • ION and PGS announce global 2D exploration collaboration
    PR Newswire

    ION and PGS announce global 2D exploration collaboration

    ION Geophysical Corporation (NYSE: IO) and PGS today announced an agreement to collaborate globally on 2D exploration data. Both companies have modern, high-quality multi-client data libraries that together cover all the significant hydrocarbon provinces around the world. The new joint data library will comprise nearly a million kilometers of uniquely complementary data, including many areas of genuine broadband seismic, that have substantial opportunity for integration and reimaging. Drawing on ION's latest imaging technology and PGS' broadband 2D GeoStreamer® offering, the companies will produce enhanced deliverables with higher resolution and greater spatial coverage, offering deeper insights and more reliable pre-stack attributes for exploration screening on a global basis. ION and PGS intend to develop an integrated seamless 2D seismic data library over time, creating a comprehensive, data-rich environment to inform exploration business decisions for E&P; operators. The combined data library will be jointly marketed.

  • Top Ranked Momentum Stocks to Buy for June 10th
    Zacks

    Top Ranked Momentum Stocks to Buy for June 10th

    Top Ranked Momentum Stocks to Buy for June 10th

  • Is Ion Geophysical Corp (IO) A Good Stock To Buy?
    Insider Monkey

    Is Ion Geophysical Corp (IO) A Good Stock To Buy?

    The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 821 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of March 31st, 2020. […]

  • Oil States International (OIS) Catches Eye: Stock Jumps 12.5%
    Zacks

    Oil States International (OIS) Catches Eye: Stock Jumps 12.5%

    Oil States International (OIS) saw a big move last session, as its shares jumped nearly 13% on the day, amid huge volumes.

  • ION aims to make ports smarter, safer and greener, starting in Scotland
    PR Newswire

    ION aims to make ports smarter, safer and greener, starting in Scotland

    ION Geophysical Corporation (NYSE: IO) today announced the first successful digital switchover from manual operations to Marlin™ SmartPort optimization software for the initial project at Montrose Port Authority in Scotland with support from Scottish Enterprise. The migration to ION's digital solution took place as the UK moved to sheltering in place during the COVID-19 pandemic and Marlin SmartPort supported business continuity and remote working. ION aims to provide better real-time visibility of operations to transform the efficiency, safety and sustainability of ports and harbors globally.

  • Thomson Reuters StreetEvents

    Edited Transcript of IO earnings conference call or presentation 7-May-20 2:00pm GMT

    Q1 2020 ION Geophysical Corp Earnings Call

  • Earnings Release: Here's Why Analysts Cut Their ION Geophysical Corporation (NYSE:IO) Price Target To US$3.75
    Simply Wall St.

    Earnings Release: Here's Why Analysts Cut Their ION Geophysical Corporation (NYSE:IO) Price Target To US$3.75

    ION Geophysical Corporation (NYSE:IO) defied analyst predictions to release its quarterly results, which were ahead of...

  • Ion Geophysical (IO) Tops Q1 Earnings and Revenue Estimates
    Zacks

    Ion Geophysical (IO) Tops Q1 Earnings and Revenue Estimates

    Ion Geophysical (IO) delivered earnings and revenue surprises of 135.48% and 45.77%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

  • ION reports first quarter 2020 results
    PR Newswire

    ION reports first quarter 2020 results

    ION Geophysical Corporation (NYSE: IO) today reported total net revenues of $56.4 million in the first quarter 2020, a 53% increase compared to total net revenues of $37.0 million one year ago primarily due to an increase in 2D multi-client data library sales. ION's operating income was $6.3 million compared to an operating loss of $15.9 million in the first quarter 2019. ION's net loss was $2.3 million, or a loss of $0.16 per share, compared to a net loss of $21.4 million, or a loss of $1.52 per share in the first quarter 2019. Excluding special items in both periods, the Company reported an Adjusted net income of $4.7 million, or $0.33 per share, compared to an Adjusted net loss of $16.9 million, or a loss of $1.20 per share in the first quarter 2019. A reconciliation of special items to the reported financial results can be found in the tables of this press release.

  • ION announces patent litigation settlement with WesternGeco
    PR Newswire

    ION announces patent litigation settlement with WesternGeco

    ION Geophysical Corporation (NYSE: IO) today announced a settlement of the decade-long patent litigation with WesternGeco regarding lateral streamer positioning. The parties signed an agreement where WesternGeco will permanently dismiss the pending lawsuit, grant ION a license to the patents and lift the injunction preventing ION from manufacturing DigiFIN™ in the United States. In exchange, ION agreed to pay a settlement value to WesternGeco out of future revenues from the company's multi-client data library, comprising 1) a small percent of 2D multi-client late sales for a 10-year period and 2) transferring a majority of ION's revenue share to WesternGeco on the parties' existing joint multi-client reimaging product offshore Mexico. The parties also agreed to expand the existing multi-client collaboration opportunities through new arrangements within specific geographies and product offerings.

  • ION outlines $18 million cost reduction plan to mitigate adverse macroeconomic forces while maintaining business continuity
    PR Newswire

    ION outlines $18 million cost reduction plan to mitigate adverse macroeconomic forces while maintaining business continuity

    ION Geophysical Corporation (NYSE: IO) today announced enhanced measures to mitigate the impact of COVID-19 and oil price volatility while maintaining business continuity. The Company plans to scale down costs by $18 million during the remaining nine months of 2020 to preserve cash and manage liquidity, building on the >$20 million permanent cuts taken in January of this year. ION's asset light strategy avoids significant fixed costs and provides flexibility to easily scale the business to meet demand.

  • Houston energy tech co. gets NYSE delisting warning
    American City Business Journals

    Houston energy tech co. gets NYSE delisting warning

    The New York Stock Exchange has sent Houston-based Ion Geophysical Corp. (NYSE: IO) a warning that the company’s stock listing on the exchange is at risk. The exchange requires that listed companies maintain a 30-day average market capitalization over $50 million, but Ion’s market cap has dipped below that level, the company said in a filing with the U.S. Securities and Exchange Commission on April 1. Ion said it will submit a plan for fixing the problem to the NYSE within 10 days.

  • ION announces preliminary first quarter 2020 revenues in the range of $56-57 million, the highest first quarter revenues since 2014
    PR Newswire

    ION announces preliminary first quarter 2020 revenues in the range of $56-57 million, the highest first quarter revenues since 2014

    ION Geophysical Corporation (NYSE: IO) today announced that the Company expects first quarter 2020 revenues to be in the range of $56-57 million, over 50% greater than the first quarter 2019 and over 30% greater than the fourth quarter 2019.

  • ION receives continued listing standards notice from the New York Stock Exchange
    PR Newswire

    ION receives continued listing standards notice from the New York Stock Exchange

    ION Geophysical Corporation (NYSE: IO) today announced that written notice was received from the New York Stock Exchange (the "NYSE") that the Company is not in compliance with the continued listing standards set forth in Section 802.01B of the NYSE Listed Company Manual. ION is considered below criteria established by the NYSE for continued listing because its average market capitalization has been less than $50 million over a consecutive 30 trading-day period, and at the same time its last reported stockholders' equity was below $50 million. The Company's market capitalization was above $50 million prior to the precipitous stock market decline that was triggered by the COVID-19 pandemic.

  • ION to divest non-strategic INOVA land seismic equipment joint venture
    PR Newswire

    ION to divest non-strategic INOVA land seismic equipment joint venture

    ION Geophysical Corporation (NYSE: IO) today announced the Company entered into an agreement to sell its 49% equity stake in INOVA Geophysical Equipment Limited (INOVA) for $12 million. INOVA is a land seismic equipment joint venture with BGP Inc., the world's largest land seismic service provider, who owns the remaining 51%. INOVA is a leading provider of land geophysical technology, including acquisition systems, source products and digital sensors. In 2014, ION wrote down its investment in INOVA to zero. The parties anticipate closing the deal in the second half of the year, subject to regulatory approvals and other closing conditions.

  • ION accelerates Marlin SmartPort development with new grant
    PR Newswire

    ION accelerates Marlin SmartPort development with new grant

    ION Geophysical Corporation (NYSE: IO) today announced the Company received another grant from Scottish Enterprise, Scotland's national economic development agency, to broaden Marlin's scope to deliver comprehensive value to the global ports and harbors market. Developed in conjunction with subject matter experts and initial port clients, the Marlin™ SmartPort technology roadmap has been designed to help stakeholders optimize decision-making and profitability. Marlin SmartPort development will enable new web-based features, such as port call optimization, back office digitalization and port community engagement, and will expand ION's offshore operations optimization capabilities to address a range of digitalization requirements for ports and other sectors. The software development will take place in ION's Edinburgh office, supporting the local economy.

  • Thomson Reuters StreetEvents

    Edited Transcript of IO earnings conference call or presentation 6-Feb-20 3:00pm GMT

    Q4 2019 ION Geophysical Corp Earnings Call

  • ION Geophysical Corporation Just Reported And Analysts Have Been Cutting Their Estimates
    Simply Wall St.

    ION Geophysical Corporation Just Reported And Analysts Have Been Cutting Their Estimates

    One of the biggest stories of last week was how ION Geophysical Corporation (NYSE:IO) shares plunged 23% in the week...

  • ION reports fourth quarter and year end 2019 results
    PR Newswire

    ION reports fourth quarter and year end 2019 results

    ION Geophysical Corporation (NYSE: IO) today reported revenues of $42.7 million in the fourth quarter 2019 compared to fourth quarter revenues of $74.6 million one year ago. ION's net loss for the fourth quarter 2019 was $14.5 million, or a loss of $1.02 per share, compared to a net loss of $19.3 million, or a loss of $1.38 per share in the fourth quarter 2018. Excluding special items in both periods, the Company reported an Adjusted net loss of $5.7 million, or a loss of $0.40 per share, compared to an Adjusted net income of $15.3 million, or $1.07 per diluted share in the fourth quarter 2018. A reconciliation of special items to the reported financial results can be found in the tables of this press release.

  • ION announces fourth quarter and full year 2019 earnings and conference call schedule
    PR Newswire

    ION announces fourth quarter and full year 2019 earnings and conference call schedule

    ION Geophysical Corporation (NYSE: IO) today announced that it will release its fourth quarter and full year 2019 financial results on Wednesday, February 5, 2020 after the market closes. In conjunction with the release, ION has scheduled a conference call, which will be broadcast live over the Internet, for Thursday, February 6 at 10:00 a.m. Eastern Time (9:00 a.m. Central Time).

  • Have Insiders Been Buying ION Geophysical Corporation (NYSE:IO) Shares?
    Simply Wall St.

    Have Insiders Been Buying ION Geophysical Corporation (NYSE:IO) Shares?

    It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...

  • ION announces new 3D multi-client reimaging program offshore Uruguay
    PR Newswire

    ION announces new 3D multi-client reimaging program offshore Uruguay

    ION Geophysical Corporation (NYSE: IO) today announced a new 3D multi-client reimaging program offshore Uruguay. Leveraging the Company's existing regional UruguaySPAN data and subsurface knowledge, ION is reimaging 22,000 sq km of data over the country's deep water blocks to create a contiguous volume for a holistic exploration perspective of the margin. This program builds on ION's excellent 3D merge and reimaging track record established on our quarter of a million square kilometer data library, and adds important geographical diversity to this unique product offering.

  • Top-Performing Energy ETFs & Stocks of 2019
    Zacks

    Top-Performing Energy ETFs & Stocks of 2019

    Given one of the best years for oil price, the energy sector enjoyed a strong surge.

  • ION announces CFO transition
    PR Newswire

    ION announces CFO transition

    ION Geophysical Corporation (NYSE: IO) today announced that Steve Bate, Executive Vice President and Chief Financial Officer, will be retiring and stepping down from his position as CFO effective February 1, 2020. Mr. Bate, who joined ION in 2005, will remain with ION as a Strategic Advisor to the CEO until the end of June to facilitate a seamless transition.