H.C. Wainwright Keeps Their Buy Rating on Ion Geophysical (IO)

H.C. Wainwright analyst Amit Dayal maintained a Buy rating on Ion Geophysical (IO) today and set a price target of $4.00. The company’s shares closed last Thursday at $1.50, close to its 52-week low of $1.13.

According to TipRanks.com, Dayal is a 5-star analyst with an average return of 18.0% and a 45.9% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Westport Fuel Systems, and Orion Energy Systems.

Ion Geophysical has an analyst consensus of Moderate Buy, with a price target consensus of $4.00.

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The company has a one-year high of $9.51 and a one-year low of $1.13. Currently, Ion Geophysical has an average volume of 423.9K.

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ION Geophysical Corp. is a technology focused company, which engages in the provision of geoscience technology, services, and solutions to the oil and gas industry. It operates through the following segments: E&P Technology and Services and E&P Operations Optimization. The E&P Technology and Services segment creates digital data assets and delivers services that improve decision-making, mitigate risk, and maximize portfolio value for E&P companies. The Operations Optimization segment develops mission-critical subscription offerings and engineering services that enable operational control and optimization offshore. The company was founded in 1968 and is headquartered in Houston, TX.

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