Dougherty & Co Starts ION Geophysical (IO) at Buy
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Price: $0.35 --0%
Rating Summary:
4 Buy, 4 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 4 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Dougherty & Co initiates coverage on ION Geophysical (NYSE: IO) with a Buy. PT $8.50.
The firm comments, "Initiating Coverage with a BUY Rating and $8.50 Price Target, which is based on 4.8x FY14 EV/EBITDA. ION is a leading provider of geophysical technology, services and solutions to the global oil and gas industry. Demand for its New Venture programs (seismic data acquisition), data libraries, and high-end data processing (reservoir imaging) services is driving top and bottom line growth."
For an analyst ratings summary and ratings history on ION Geophysical click here. For more ratings news on ION Geophysical click here.
Shares of ION Geophysical closed at $6.03 yesterday.
The firm comments, "Initiating Coverage with a BUY Rating and $8.50 Price Target, which is based on 4.8x FY14 EV/EBITDA. ION is a leading provider of geophysical technology, services and solutions to the global oil and gas industry. Demand for its New Venture programs (seismic data acquisition), data libraries, and high-end data processing (reservoir imaging) services is driving top and bottom line growth."
For an analyst ratings summary and ratings history on ION Geophysical click here. For more ratings news on ION Geophysical click here.
Shares of ION Geophysical closed at $6.03 yesterday.
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