Ion Geophysical Corp (NYSE:IO) COO Christopher Theron Usher purchased 14,850 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were purchased at an average price of $13.50 per share, for a total transaction of $200,475.00. Following the acquisition, the chief operating officer now directly owns 137,367 shares of the company’s stock, valued at $1,854,454.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ion Geophysical Corp (NYSE IO) traded up $3.25 during mid-day trading on Tuesday, hitting $17.35. 630,591 shares of the stock were exchanged, compared to its average volume of 88,570. Ion Geophysical Corp has a twelve month low of $3.20 and a twelve month high of $17.45. The company has a current ratio of 0.89, a quick ratio of 0.78 and a debt-to-equity ratio of 3.88.

Ion Geophysical (NYSE:IO) last released 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 Zacks’ 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 business had revenue of $61.10 million for the quarter. During the same quarter in the prior year, the firm earned ($3.30) EPS.

Separately, ValuEngine lowered shares of Ion Geophysical from a “hold” rating to a “sell” rating in a report on Friday, December 1st.

Several hedge funds have recently added to or reduced their stakes in IO. Neuberger Berman Group LLC increased its stake in Ion Geophysical by 2.1% in the 3rd quarter. Neuberger Berman Group LLC now owns 180,868 shares of the oil and gas company’s stock valued at $1,720,000 after buying an additional 3,741 shares during the period. California Public Employees Retirement System increased its stake in Ion Geophysical by 11.0% in the 3rd quarter. California Public Employees Retirement System now owns 41,594 shares of the oil and gas company’s stock valued at $396,000 after buying an additional 4,128 shares during the period. Wells Fargo & Company MN increased its stake in Ion Geophysical by 14.1% in the 3rd quarter. Wells Fargo & Company MN now owns 79,995 shares of the oil and gas company’s stock valued at $761,000 after buying an additional 9,900 shares during the period. OxFORD Asset Management LLP increased its stake in Ion Geophysical by 49.6% in the 3rd quarter. OxFORD Asset Management LLP now owns 42,286 shares of the oil and gas company’s stock valued at $400,000 after buying an additional 14,021 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Ion Geophysical by 24.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 118,559 shares of the oil and gas company’s stock valued at $1,114,000 after buying an additional 22,913 shares during the period. Institutional investors and hedge funds own 34.11% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Ion Geophysical Corp (IO) COO Purchases $200,475.00 in Stock” was published by Watch List News and is the property of of Watch List News. If you are accessing this article on another website, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this article can be accessed at https://www.watchlistnews.com/ion-geophysical-corp-io-coo-purchases-200475-00-in-stock/1773474.html.

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.

Receive News & Ratings for Ion Geophysical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ion Geophysical and related companies with MarketBeat.com's FREE daily email newsletter.