Geospace Technologies (NASDAQ:GEOS) Posts Quarterly Earnings Results

Geospace Technologies (NASDAQ:GEOS) issued its earnings results on Thursday. The oil and gas company reported ($0.27) earnings per share for the quarter, Morningstar.com reports. Geospace Technologies had a negative return on equity of 5.20% and a negative net margin of 10.32%. The business had revenue of $22.87 million for the quarter.

Shares of NASDAQ GEOS traded down $0.23 during midday trading on Friday, hitting $13.16. 68,972 shares of the company’s stock were exchanged, compared to its average volume of 70,300. Geospace Technologies has a twelve month low of $9.93 and a twelve month high of $16.92. The firm has a fifty day simple moving average of $15.00.

Several hedge funds and other institutional investors have recently modified their holdings of GEOS. West Coast Financial LLC increased its position in Geospace Technologies by 5.1% during the first quarter. West Coast Financial LLC now owns 37,340 shares of the oil and gas company’s stock worth $483,000 after buying an additional 1,815 shares during the period. Bank of New York Mellon Corp increased its position in Geospace Technologies by 1.1% during the fourth quarter. Bank of New York Mellon Corp now owns 113,391 shares of the oil and gas company’s stock worth $1,169,000 after buying an additional 1,283 shares during the period. BlackRock Inc. increased its position in Geospace Technologies by 2.3% during the fourth quarter. BlackRock Inc. now owns 1,360,955 shares of the oil and gas company’s stock worth $14,032,000 after buying an additional 30,599 shares during the period. Dimensional Fund Advisors LP increased its position in Geospace Technologies by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 728,057 shares of the oil and gas company’s stock worth $7,506,000 after buying an additional 7,084 shares during the period. Finally, Tieton Capital Management LLC increased its position in Geospace Technologies by 13.5% during the first quarter. Tieton Capital Management LLC now owns 112,968 shares of the oil and gas company’s stock worth $1,462,000 after buying an additional 13,446 shares during the period. 61.24% of the stock is currently owned by institutional investors and hedge funds.

About Geospace Technologies

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.

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Earnings History for Geospace Technologies (NASDAQ:GEOS)

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