Ion Geophysical (IO) Given News Sentiment Rating of 0.05

Headlines about Ion Geophysical (NYSE:IO) have been trending somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ion Geophysical earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 44.5952481956682 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:

Separately, ValuEngine cut shares of Ion Geophysical from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd.

Shares of Ion Geophysical (NYSE IO) traded down $0.40 during trading hours on Thursday, hitting $18.65. 516,500 shares of the stock traded hands, compared to its average volume of 240,227. Ion Geophysical has a 52-week low of $3.20 and a 52-week high of $24.20. The company has a quick ratio of 0.78, a current ratio of 0.89 and a debt-to-equity ratio of 3.88. The company has a market cap of $226.62, a PE ratio of -6.22 and a beta of 3.81.

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

In other news, CEO R Brian Hanson bought 36,351 shares of Ion Geophysical stock in a transaction that occurred on Thursday, December 14th. The stock was bought at an average cost of $13.05 per share, with a total value of $474,380.55. Following the acquisition, the chief executive officer now owns 154,325 shares of the company’s stock, valued at approximately $2,013,941.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Christopher Theron Usher bought 14,850 shares of Ion Geophysical stock in a transaction that occurred on Friday, December 15th. The stock was purchased at an average cost of $13.50 per share, with a total value of $200,475.00. Following the completion of the acquisition, the chief operating officer now directly owns 137,367 shares in the company, valued at approximately $1,854,454.50. The disclosure for this purchase can be found here. Insiders bought a total of 70,589 shares of company stock worth $927,869 in the last quarter. Company insiders own 15.20% of the company’s stock.

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Ion Geophysical Company Profile

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.

Insider Buying and Selling by Quarter for Ion Geophysical (NYSE:IO)

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