|Bid||0.00 x 1300|
|Ask||18.45 x 1400|
|Day's Range||14.20 - 15.22|
|52 Week Range||7.55 - 32.45|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 30, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||31.33|
Moody's Investors Service ("Moody's") has withdrawn all assigned ratings for ION Geophysical Corporation (ION), including the Caa2 Corporate Family Rating (CFR), following the repayment of its rated debt. Please refer to the Moody's Investors Service's Policy for Withdrawal of Credit Ratings, available on its website at www.moodys.com.
HOUSTON , Aug. 27, 2018 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today announced that Brian Hanson , ION's President and Chief Executive Officer, and Rachel White , Vice President of Investor ...
NEW YORK, Aug. 03, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Eaton ...
Ion Geophysical (IO) delivered earnings and revenue surprises of -546.15% and -47.69%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Houston-based company said it had a loss of $1.86. Losses, adjusted for non-recurring costs, came to $1.68 per share. The provider of seismic data to oil and gas companies posted ...
HOUSTON , Aug. 1, 2018 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today announced that Brian Hanson , ION's President and Chief Executive Officer, and Rachel White , Vice President of Investor ...
Second quarter revenues down 46% compared to one year ago Delayed sales in second quarter build momentum for a strong second half HOUSTON , Aug. 1, 2018 /PRNewswire/ -- ION Geophysical Corporation (NYSE: ...
HOUSTON , July 30, 2018 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today announced that it will release its second quarter 2018 financial results on Wednesday, August 1, 2018 after the market ...
As of July 19, ION Geophysical’s (IO) implied volatility was ~68.7%. ION Geophysical’s first-quarter earnings were announced on May 2. Since then, the company’s implied volatility has decreased from ~71% to this level. Since May 2, ION Geophysical’s stock price has decreased 16%. The implied volatility points to a stock’s potential movement as viewed by investors.
As of January 19, the short interest in ION Geophysical (IO) as a percentage of its float was 8.9%—compared to 6.4% as of January 1. Since January 1, the short interest in ION Geophysical has increased 72%. Investors have increased their negative bets on ION Geophysical YTD (year-to-date). The stock price has increased 29.4% YTD.
ION Geophysical’s (IO) YTD (year-to-date) returns were 29.4% until July 19. In comparison, the Energy Select Sector SPDR ETF (XLE) has increased 4.0% YTD. XLE tracks an index of US energy companies in the S&P 500 Index. The VanEck Vectors Oil Services ETF (OIH) witnessed -1.6% YTD returns. OIH tracks an index of 25 oilfield equipment and services companies. ION Geophysical has outperformed XLE and OIH since the beginning of 2018.
The Patent and Trademark Office ruled in 2015 that four of the six patent claims that WesternGeco prevailed on in their case against us in the District Court never should have been granted. WesternGeco appealed this ruling to the Court of Appeals, and, in May, the Court of Appeals affirmed the invalidation of these four WesternGeco streamer system patents.
Short interest in TechnipFMC (FTI) as a percentage of its float is 2.0% as of July 10 compared to 3.05% a year ago. Since July 10, 2017, short interest in FTI has decreased 34%. So, investors have decreased negative bets on FTI in the past year. Since July 10, 2017, FTI’s stock price has increased 15.5%.
In this part, we’ll analyze the top percentage gainers from the oilfield services sector in the US for the current week. To compile the list of top oilfield services gainers, we used oilfield services companies with a market capitalization of over $100 million and an average volume of over 100,000 shares last week. In the week starting July 2, Archrock (AROC) is at the top of the list of gainers from the oilfield services group.
To conclude our series on the biggest movers in the upstream and oilfield service sectors, we’ll now look at Wall Street’s recommendations for this week’s strongest and weakest stocks. Of the 27 analysts covering Gulfport Energy (GPOR) on June 26, eight recommended “strong buy,” ten recommended “buy,” seven recommended “hold,” one recommended “sell,” and one recommended “strong sell.” Their median price target for GPOR is $14, which is ~13% higher than its June 26 closing price of $12.42.
In this part, we’ll analyze the top gainers in the US oilfield service sector this week. This week, ION Geophysical (IO) has gained the most in the oilfield service sector, rising ~7% from last week’s close of $22.85 to $24.50. The stock increase is a continuation of the rise it started last week, when the company released an update on its WesternGeco litigation.
The recent Supreme Court ruling enables Schlumberger (SLB) recover the profits that were lost due to unauthorized usage of its technologies.
Zacks.com highlights: QuinStreet, Hollysys Automation Technologies, ION Geophysical and ZTO Express
The U.S. Supreme Court ruled on Friday that companies can recover profits lost because of the unauthorized use of their patented technology abroad in a victory for Schlumberger NV, the world's largest oilfield services provider. The 7-2 decision overturned a lower court's ruling that had enforced limits on applying U.S. patent law overseas and reduced by $93.4 million the damages sum that rival ION Geophysical Corp had to pay for infringing Schlumberger technology that helps find oil and gas beneath the ocean floor. The decision expands the ability of patent owners to recover foreign-based damages, increasing the threat posed by certain infringement lawsuits in the United States.
Company scheduled conference call for June 22 at 12:00 pm Eastern Time HOUSTON , June 22, 2018 /PRNewswire/ -- ION Geophysical Corporation (ION) (NYSE: IO) today announced that the Supreme Court of the ...
The U.S. Supreme Court ruled on Friday that companies can recover profits lost because of the unauthorized use of their patented technology abroad in a victory for Schlumberger NV, the world's largest oilfield services provider. The 7-2 decision overturned a lower court's ruling that had enforced limits on applying U.S. patent law overseas and reduced by $93.4 million the damages sum that rival ION Geophysical Corp had to pay for infringing Schlumberger technology that helps find oil and gas beneath the ocean floor. Internet-based companies and others had expressed concern that extending patent damages beyond national borders would expose U.S. high-technology firms to greater patent-related risks abroad.