ION Geophysical Corporation (IO) was a big mover last session, as the company saw its shares rise around 14% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 20.9% in the past one-month time frame.
None of the estimates for this oil & gas equipment & services stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
ION Geophysical Corporation currently carries a Zacks Rank #5 (Strong Sell), while its Earnings ESP is 0.00%.
A better-ranked stock in the same industry is Energy Fuels Inc. (UUUU), sporting a Zacks Rank #1 (Strong Buy).
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