Michael Fitzsimmons
Oil & gas, dividend investing, research analyst

Geospace Technologies: Attractive Because It Helps Companies Produce Oil

Geospace Technologies (NASDAQ:GEOS) is an innovative and rapidly growing $1.1 billion mid-cap based in Houston, TX. The company designs and manufactures instruments and equipment used by the oil and gas industry to acquire seismic data in order to locate, characterize and monitor oil reservoirs. GEOS is down 25% from its 52-week high. The stock recently dropped ~10 points after a downgrade by BWS Financial. The selling is overdone. The company could rally ~15% this year based on consensus earnings estimates, which I believe to be on the low-end. A takeover by one of the major energy service companies, a distinct possibility, could easily push this stock up 40-50%.

I recently became aware of GEOS due to a comment...

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