ION Geophysical Corporation

OTCPK:IOGP.Q Stock Report

Market Cap: US$88.7k

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

ION Geophysical Dividends and Buybacks

Dividend criteria checks 0/6

ION Geophysical does not have a record of paying a dividend.

Key information

n/a

Dividend yield

-58,190.9%

Buyback Yield

Total Shareholder Yield-58,190.9%
Future Dividend Yieldn/a
Dividend Growthn/a
Next dividend pay daten/a
Ex dividend daten/a
Dividend per sharen/a
Payout ration/a

Recent dividend and buyback updates

No updates

Recent updates

Seeking Alpha • Apr 18

ION Geophysical Corporation Files For Bankruptcy Protection - Sell

Company files for bankruptcy protection to restructure almost $150 million in debt after a multi-month review of strategic alternatives failed to yield tangible results. Under the terms of the restructuring support agreement, holders of the company's new second lien notes due 2025 will own 99.75% of the new equity. Current equityholders will be allocated a measly 0.25% of the restructured company, still subject to dilution by the management incentive plan. Downside in the common shares calculates to 98%. Unfortunately, sky-high borrowing rates, elevated margin requirements and some uncertainties related to the ongoing marketing process are likely to keep investors sidelined. Existing equityholders should sell their positions and move on ahead of the shares' expected delisting from the NYSE next week.
Seeking Alpha • Jan 28

ION Geophysical Corporation: Stock Craters After Reports Of Upcoming Chapter 11 Filing

Stock takes a beating after reports of the company looking to sell itself in a court-supervised auction emerged. Last month, the company missed an aggregate $12.3 million in bond principal and interest payments. The company has entered into forbearance agreements with lenders which are scheduled to expire on February 15. A sale of the business under chapter 11 is unlikely to generate sufficient proceeds to repay creditors, which would result in equityholders being wiped out. Investors should consider selling existing positions and moving on. Even after Thursday's sell-off, a short position could still yield decent gains.
Seeking Alpha • Dec 20

ION Geophysical Corporation: Pre-Packaged Bankruptcy Likely After Missed Debt Payments

ION suffers from ongoing weak seismic data customer demand in its core offshore oil and gas segment. Last week, the company missed an aggregate $12.3 million in bond principal and interest payments ahead of a likely comprehensive debt restructuring. Language used in the recent 8-K hints at a pre-packaged chapter 11 filing. Should the company indeed file for bankruptcy, existing equity holders are unlikely to receive a meaningful recovery given the sheer amount of debt ranking ahead of them. Investors should consider selling existing positions and moving on. Even a short position could still yield decent gains.
Seeking Alpha • Sep 23

ION Geophysical Corporation - Review Of Strategic Alternatives Is A Cause For Concern

Company suffers from ongoing weak seismic data customer demand in its core offshore oil and gas segment. H1 results came in well below management's expectations with a negative free cash flow of $32.7 million. With limited cash available, its credit facility effectively maxed out and the requirement to repay approximately $7.5 million in bond debt in December, ION needs to raise additional funds soon. Recently initiated review of strategic alternatives unlikely to be successful given the dismal state of the core business and the company's substantial debt obligations. A short position could yield decent results but sky-high borrowing rates are likely to keep even speculative investors sidelined at this point.
Seeking Alpha • Aug 18

ION Geophysical: New Opportunities Emerge Despite The Balance Sheet Risks

IO has received several 3D re-imaging projects in various geographies. It is also targeting the lower emission market, including the evaluation of potential sites for carbon storage. The company's Marlin SmartPort deployments in various UK ports, North America, Latin America, and Africa have increased. Although it continues to accumulate net losses, the debt restructuring has extended the long-term debt maturity, which avoids any near-term financial risks.
Analysis Article • Aug 14

Analysts Have Just Cut Their ION Geophysical Corporation (NYSE:IO) Revenue Estimates By 12%

Today is shaping up negative for ION Geophysical Corporation ( NYSE:IO ) shareholders, with the analysts delivering a...
Analysis Article • Jan 11

Have Insiders Been Buying ION Geophysical Corporation (NYSE:IO) Shares?

We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is that...

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: Insufficient data to determine if IOGP.Q's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if IOGP.Q's dividend payments have been increasing.

Dividend Yield vs Market

ION Geophysical Dividend Yield vs Market
How does IOGP.Q dividend yield compare to the market?
SegmentDividend Yield
Company (IOGP.Q)n/a
Market Bottom 25% (US)1.3%
Market Top 25% (US)4.2%
Industry Average (Energy Services)2.1%
Analyst forecast (IOGP.Q) (up to 3 years)n/a

Notable Dividend: Unable to evaluate IOGP.Q's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate IOGP.Q's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate IOGP.Q's payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as IOGP.Q has not reported any payouts.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2022/09/13 22:10
End of Day Share Price 2022/09/12 00:00
Earnings2021/09/30
Annual Earnings2020/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

ION Geophysical Corporation is covered by 15 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jeffrey CampbellAlliance Global Partners
James WestBarclays
Rudolf HokansonBarrington Research Associates, Inc.