News articles about Ion Geophysical (NYSE:IO) have trended somewhat positive on Tuesday, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ion Geophysical earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news stories about the oil and gas company an impact score of 45.8547441944675 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of Ion Geophysical (NYSE IO) traded down $0.50 on Tuesday, hitting $13.55. The company had a trading volume of 93,400 shares, compared to its average volume of 84,047. The company has a debt-to-equity ratio of 3.88, a quick ratio of 0.78 and a current ratio of 0.89. Ion Geophysical has a twelve month low of $3.20 and a twelve month high of $15.30.
Ion Geophysical (NYSE:IO) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.37) by $0.78. Ion Geophysical had a negative return on equity of 102.40% and a negative net margin of 20.19%. The firm had revenue of $61.10 million during the quarter. During the same quarter in the prior year, the company posted ($3.30) earnings per share.
Separately, ValuEngine raised Ion Geophysical from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd.
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About Ion Geophysical
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.
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