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Stock impact report

FY2020 Looks Promising For Geospace Technologies Corp. [Seeking Alpha]

Geospace Technologies Corporation (GEOS) 
Last geospace technologies corporation earnings: 5/4 05:01 pm Check Earnings Report
US:NASDAQ Investor Relations: geospace.com/investor-relations
Company Research Source: Seeking Alpha
FY2020 Looks Promising For Geospace Technologies Corp. Summary GEOS has endured a prolonged downturn but the company looks set to return to profitability in FY2020. The company has invested heavily in new technologies and acquisitions for the past several years, helping drive demand from current and future customers. It is anticipated that  GEOS' common stock will break out to multi-year highs in FY2020. Geospace Technologies, Corp. (Nasdaq: Over the past several years, demand for GEOS' seismic data acquisition products diminished after years of excess supply caused by the oil price crash that began in 2014. Just before the crash, crude was trading over a $100 per barrel, but by 2016 oil trading as low as $26 per barrel. WTI crude oil price per barrel. Source: macrotrends.net GEOS' customers essentially froze capex for exploration and instead focused cash on increasing productivity in existing wells. As a result, many companies, including some of GEOS' closest competitors, went bankru Show less Read more
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