StockNews.com upgraded shares of Geospace Technologies (NASDAQ:GEOS – Free Report) from a buy rating to a strong-buy rating in a research note published on Tuesday.
Geospace Technologies Price Performance
Shares of GEOS opened at $12.64 on Tuesday. Geospace Technologies has a one year low of $6.60 and a one year high of $17.09. The company has a 50-day simple moving average of $12.79 and a two-hundred day simple moving average of $12.87. The firm has a market capitalization of $168.36 million, a PE ratio of 6.80 and a beta of 0.78.
Geospace Technologies (NASDAQ:GEOS – Get Free Report) last released its earnings results on Wednesday, February 7th. The oil and gas company reported $0.94 earnings per share (EPS) for the quarter. Geospace Technologies had a net margin of 17.42% and a return on equity of 18.73%. The firm had revenue of $50.03 million during the quarter.
Insider Transactions at Geospace Technologies
Hedge Funds Weigh In On Geospace Technologies
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GEOS. Barclays PLC bought a new position in Geospace Technologies in the 3rd quarter valued at approximately $109,000. O Shaughnessy Asset Management LLC bought a new position in Geospace Technologies in the 3rd quarter valued at approximately $133,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Geospace Technologies in the 3rd quarter valued at approximately $143,000. Citigroup Inc. bought a new position in Geospace Technologies in the 3rd quarter valued at approximately $153,000. Finally, Trexquant Investment LP bought a new position in Geospace Technologies in the 4th quarter valued at approximately $153,000. 57.15% of the stock is owned by institutional investors.
Geospace Technologies Company Profile
Geospace Technologies Corporation designs and manufactures instruments and equipment used in the oil and gas industry to acquire seismic data in order to locate, characterize, and monitor hydrocarbon producing reservoirs. The company operates through three segments: Oil and Gas Markets, Adjacent Markets, and Emerging Markets.
See Also
- Five stocks we like better than Geospace Technologies
- High Flyers: 3 Natural Gas Stocks for March 2022
- MarketBeat Week in Review – 4/22 – 4/26
- Stock Sentiment Analysis: How it Works
- 3 Stocks Leading the U.S. Agriculture Comeback
- What Are Dividend Achievers? An Introduction
- How to Use Put Debit Spreads to Profit From Falling Stocks
Receive News & Ratings for Geospace Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Geospace Technologies and related companies with MarketBeat.com's FREE daily email newsletter.