Zacks Investment Research upgraded shares of GLOBAL GEOPHYS (GGS) from UNDERPERFORM to NEUTRAL on April 26, 2013, with a target price of $3.90.
Global Geophysical Services, Inc. provides an integrated suite of seismic data solutions to the global oil and gas industry, including its high resolution RG-3D Reservoir Grade ("RG3D") seismic solutions. The Company's seismic data solutions consist primarily of seismic data acquisition, processing and interpretation services. Through these services, it delivers data that enable the creation of high resolution images of the earth's subsurface and reveal complex structural and stratigraphic details. These images are used primarily by oil and gas companies to identify geologic structures favorable to the accumulation of hydrocarbons, to reduce risk associated with oil and gas exploration, to design horizontal drilling programs, to optimize well completion techniques and to monitor changes in hydrocarbon reservoirs. In addition, the Company owns and markets a growing seismic data library and licenses this data to clients on a non-exclusive basis.
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