Ion Geophysical Corporation (NYSE:IO) insiders have most recently took part in a trading activity. On Dec 14, 2017 Williamson Ken, EVP&COO, E&P TECHNO & SERVICES bought 18,176 shares having total worth of $237,197 at the price of $13.05 per share, following the transaction a total of 47,949 shares owned by Williamson Ken.
On the same day, Usher Christopher Theron, EVP & COO, E&P OPER OPTIMIZAT bought 18,176 shares having total worth of $237,197 at the price of $13.05 per share, following the transaction a total of 37,367 shares owned by Usher Christopher Theron.
On the same day, Schwausch Scott, VP & Corp Controller bought 1,212 shares having total worth of $15,817 at the price of $13.05 per share, following the transaction a total of 4,337 shares owned by Schwausch Scott.
On the same day, Powers Matthew R, EVP, Gen Coun & Corp Secy bought 1,212 shares having total worth of $15,817 at the price of $13.05 per share, following the transaction a total of 15,494 shares owned by Powers Matthew R.
On the same day, Hulme Colin, EVP, Ocean Bottom Services bought 18,176 shares having total worth of $237,197 at the price of $13.05 per share, following the transaction a total of 46,261 shares owned by Hulme Colin.
On the same day, Hanson R Brian, President & CEO bought 36,351 shares having total worth of $474,381 at the price of $13.05 per share, following the transaction a total of 154,991 shares owned by Hanson R Brian.
On the same day, Bate Steven, EVP & CFO bought 18,176 shares having total worth of $237,197 at the price of $13.05 per share, following the transaction a total of 86,595 shares owned by Bate Steven.
Furthermore, over the past 12 months , the stock was traded 3 times by insiders. In 1 of these trades, the insider was a seller while an employee of the company was the buyer in 2 instances.
Shares of Ion Geophysical Corporation (NYSE:IO) traded up 2.68% on Dec 15, 2017, hitting $13.4. 291,183 shares of the company’s stock traded hands. Ion Geophysical Corporation has a 52 week low of $3.3 and a 52 week high of $15. The company’s market cap is $70 million.
Ion Geophysical Corporation (NYSE:IO) last announced its earnings results on Nov 1, 2017. The company reported 0.41 earnings per share (EPS) for the quarter, higher than the consensus estimate of -0.37 by $0.78. The company had revenue of $61 million for the quarter, compared to the consensus estimate of $55 million. During the same quarter in the previous year, the company posted 0.14 earnings per share. The company’s revenue for the quarter was down 22% on a year-over-year basis.
|earnings per share||0.41||-0.88||-1.55||0.00||-1.85||-3.30||-1.01||-0.10||-0.27||-0.31|
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.
Latest posts by William White (see all)
- Insider Trading Review: FS Investment Corporation $FSIC - January 13, 2018
- Insider Trader Watch: ENERTOPIA CORP $ENRT - January 13, 2018
- Insider Trading in Focus: Swiss Helvetia Fund, Inc. (The) $SWZ - January 13, 2018