Insider Trading in Focus: ION Geophysical Corporation (NYSE:IO)

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ION Geophysical Corporation (NYSE:IO) insider have most recently took part in a trading activity. On Jun 30, 2016 Lapeyre James M Jr, Director bought 46,000 shares having total worth of $265,420 at the price of $5.77 per share, following the transaction a total of 1,510,592 shares owned by Lapeyre James M Jr. Before this latest buy, Lapeyre James M Jr purchased IO at 4 other times during the past twelve months, for a total investment of $643,053 at an average of $0.39 per share.

The stock has experienced a total of 1 insider trades in the past three months. These trades include 1 buy trades. Furthermore, over the past 12 months , the stock was traded 19 times by insiders. an employee of the company was the buyer in 19 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 1 0 74.92%
12 Month 19 0 127.06%

Shares of ION Geophysical Corporation (NYSE:IO) traded up 4.51% on Jun 29, 2016, hitting $5.79. 65,100 shares of the company’s stock traded hands. ION Geophysical Corporation has a 52 week low of $0.26 and a 52 week high of $9.56. The company’s market cap is $70 million.

ION Geophysical Corporation (NYSE:IO) last announced its earnings results on May 4, 2016. The company reported -3.30 earnings per share (EPS) for the quarter, lower than the consensus estimate of -1.21 by $2.09. The company had revenue of $23 million for the quarter, compared to the consensus estimate of $50 million. During the same quarter in the previous year, the company posted -0.31 earnings per share. The company’s revenue for the quarter was down 44% on a year-over-year basis.

2016-05-04 2016-02-10 2015-11-04 2015-08-05 2015-05-06 2015-02-11 2014-11-05 2014-08-06 2014-04-30 2014-02-12
earnings per share -3.30 -1.01 -0.10 -0.27 -0.31 -0.07 -0.15 -0.03 0.46 0.14
Revenue(M) 22.67 77.47 66.67 36.8 40.53 136.84 106.5 121.5 144.7 218.68

ION Geophysical Corporation is a technology-focused seismic solutions company that provides advanced seismic data acquisition equipment, seismic software, and seismic planning, processing, and interpretation services to the global energy industry. The Company’s products, technologies, and services are used by oil and gas exploration and production or E&P companies and seismic acquisition contractors to generate high-resolution images of the subsurface during exploration, exploitation, and production operations. The Company’s products and services are intended to measure and interpret seismic data about rock and fluid properties within the Earth’s subsurface, which enables oil and gas companies to make improved drilling and production decisions. The seismic surveys for its data library business are substantially pre-funded by its customers and it contracts with third party seismic data acquisition companies to acquire the data, all of which minimizes its risk exposure. The Company serves customers in all major energy producing regions of the world from strategically located offices in 19 cities on five continents. The Company’s products and services include the following: Land and marine seismic data processing services, navigation, command & control, and data management software products, planning services for survey design and optimization, seismic data processing services, and seismic data libraries. The Company operates through three business segments: Solutions, Systems, Software and the Company’s INOVA Geophysical joint venture. Solutions – advanced seismic data processing services for marine and land environments, reservoir solutions, onboard processing and quality control, seismic data libraries, and services by the Company’s GeoVentures services group. Systems – towed streamer and redeployable ocean bottom cable seismic data acquisition systems and shipboard recorders, streamer positioning and control systems and energy sources (such as air guns and air gun controllers) and analog geophone sensors. Software – software systems and related services for navigation and data management involving towed marine streamer and seabed operations. INOVA Geophysical – cable-based, cableless and radio-controlled seismic data acquisition systems, digital sensors, vibroseis vehicles (i.e. vibrator trucks) and source controllers for detonator and energy sources business lines. The Company sells its products and services through a direct sales force consisting of Employees and international third-party sales representatives responsible for key geographic areas. The Company’s main competitor for land and marine seismic equipment is Societe d’Etudes Recherches et Construction Electroniques, an affiliate of the French seismic contractor, Compagnie General de Geophysique Veritas. The Company’s operations are subject to laws, regulations, government policies, and product certification requirements worldwide.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.