Geospace Technologies (NASDAQ:GEOS) posted its quarterly earnings results on Thursday. The oil and gas company reported ($0.27) earnings per share (EPS) for the quarter, Morningstar.com reports. The firm had revenue of $22.87 million for the quarter. Geospace Technologies had a negative net margin of 10.32% and a negative return on equity of 5.20%.
Shares of GEOS stock traded down $0.23 on Friday, hitting $13.16. 68,972 shares of the stock traded hands, compared to its average volume of 70,300. Geospace Technologies has a 1-year low of $9.93 and a 1-year high of $16.92. The stock’s fifty day moving average is $15.00.
Several hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its position in shares of Geospace Technologies by 1.1% during the 4th quarter. Bank of New York Mellon Corp now owns 113,391 shares of the oil and gas company’s stock valued at $1,169,000 after acquiring an additional 1,283 shares in the last quarter. West Coast Financial LLC grew its stake in Geospace Technologies by 5.1% during the 1st 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 last quarter. Municipal Employees Retirement System of Michigan bought a new position in Geospace Technologies during the 4th quarter worth $39,000. Geode Capital Management LLC grew its stake in Geospace Technologies by 4.5% during the 4th quarter. Geode Capital Management LLC now owns 114,862 shares of the oil and gas company’s stock worth $1,184,000 after buying an additional 4,917 shares during the last quarter. Finally, Strs Ohio bought a new position in Geospace Technologies during the 2nd quarter worth $84,000. 61.24% of the stock is currently owned by institutional investors and hedge funds.
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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