Were Analysts Bullish ION Geophysical Corporation (NYSE:IO) This Week?

June 17, 2018 - By Louis Casey

ION Geophysical Corporation (NYSE:IO) Logo

ION Geophysical Corporation (NYSE:IO) Ratings Coverage

Among 2 analysts covering Ion Geophysical Corp (NYSE:IO), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Ion Geophysical Corp had 2 analyst reports since March 28, 2018 according to SRatingsIntel. Oppenheimer initiated it with “Buy” rating and $3500 target in Wednesday, March 28 report. Below is a list of ION Geophysical Corporation (NYSE:IO) latest ratings and price target changes.

29/05/2018 Broker: Janney Capital Rating: Buy New Target: $35 Initiates Coverage On
28/03/2018 Broker: Oppenheimer Rating: Buy New Target: $35.0000 Initiate

The stock decreased 3.57% or $0.85 during the last trading session, reaching $22.95. About 177,744 shares traded. ION Geophysical Corporation (NYSE:IO) has risen 421.35% since June 17, 2017 and is uptrending. It has outperformed by 408.78% the S&P500.

ION Geophysical Corporation provides geoscience products, services, and solutions to the gas and oil industry worldwide. The company has market cap of $319.22 million. It operates through three divisions: E&P Technology & Services, E&P Operations Optimization, and Ocean Bottom Services. It currently has negative earnings. The E&P Technology & Services segment offers services to manage the entire seismic process, from survey planning and design to data acquisition and management, to final subsurface imaging and reservoir characterization.

More news for ION Geophysical Corporation (NYSE:IO) were recently published by: Prnewswire.com, which released: “ION makes second sale of compasses for subsea vehicle navigation” on June 14, 2018. Seekingalpha.com‘s article titled: “Finding Gold In The Winners And Losers List” and published on June 03, 2018 is yet another important article.

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