Global Geophysical Services trades in the stock market as ticker GGS. Business Summary & Profile For Global Geophysical Services.

Global Geophysical Services

Global Geophysical Services, Inc., together with its subsidiaries, provides an integrated suite of seismic data solutions to the oil and gas industry worldwide. Its seismic data solutions primarily include seismic data acquisition, microseismic monitoring, data processing, and interpretation services, which deliver data that enable the creation of high resolution images of the earth's subsurface, and reveal complex structural and stratigraphic details. The company offers seismic data acquisition for land, transition zone, and shallow marine areas, including marshes, forests, jungles, arctic climates, mountains, and deserts. It serves national oil companies, integrated oil and gas companies, and independent oil and gas exploration and production companies. Global Geophysical Services, Inc. was founded in 2003 and headquartered in Missouri City, Texas.
www.globalgeophysical.com
Founded in 2003
LAST $11.57 USD
CHANGE TODAY +0.47 4.23%
VOLUME 99.7K
As of 8:04 PM 02/17/12 All times are local (Market data is delayed by at least 15 minutes).

Snapshot of GLOBAL GEOPHYSICAL SERVICES (GGS)

OPEN
$11.18
PREVIOUS CLOSE
$11.10
DAY HIGH
$11.66
DAY LOW
$11.04
52 WEEK HIGH
04/29/11 - $19.12
52 WEEK LOW
11/29/11 - $6.21
MARKET CAP
428.3M
AVERAGE VOLUME 10 D
171.8K
EPS TTM
$0.16
SHARES OUTSTANDING
37.0M
GGS Does Not Pay Dividends
P/E TTM
72.3x
K = Thousands  M = Millions  B = Billions

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Key developments for GLOBAL GEOPHYSICAL SERVICES (GGS)

Global Geophysical Services, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2011

Global Geophysical Services, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, revenues were $113,091,665 against $93,463,911 a year ago. Income from operations was $15,316,372 against $10,077,450 a year ago. Income before income taxes was $7,614,956 against $3,707,498 a year ago. Income after income taxes was $1,514,511 against loss after income tax of $1,607,056 a year ago. Net income, attributable to common shareholders was $1,403,877 or $0.04 per basic and diluted share against net loss, attributable to common shareholders of $1,768,575 or $0.05 per basic and diluted share a year ago. Adjusted EBT was $8,606,322. Adjusted net income was $5,163,793 or $0.14 per share. EBIT was $14,325,006 or $0.39 per share against $9,340,440 or $0.26 per share a year ago. EBITDA was $52,248,123 or $1.41 per share against $63,528,723 or $1.76 per share a year ago. For the full year, revenues were $385,355,133 against $254,704,813 a year ago. Income from operations was $44,907,942 against loss from operations of $11,009,267 a year ago. Income before income taxes was $19,119,733 against loss before income taxes of $38,954,429 a year ago. Income after income taxes was $5,640,121 against loss after income taxes of $39,554,374 a year ago. Net income, attributable to common shareholders was $5,661,849 or $0.15 per basic and diluted share against net loss, attributable to common shareholders of $39,715,893 or $1.44 per basic and diluted share a year ago. Net cash provided by operating activities was $126,581,371 against $115,841,811 a year ago. Purchase of property and equipment was $25,035,780 against $39,987,473 a year ago. EBIT was $44,378,718 or $1.21 per share against LBIT of $17,685,818 or $0.64 per share a year ago. EBITDA was $185,261,394 or $5.05 per share against $114,136,092 or $4.15 per share a year ago.

PanGeo Subsea Inc. and Global Geophysical Services, Inc. Form Acoustic Zoom Joint Venture

PanGeo Subsea Inc. and Global Geophysical Services, Inc. announced that they have entered into an agreement for the development and commercialization of the Acoustic Zoom(R) product line. Acoustic Zoom(R) uses steered beams of acoustic energy to produce 3D seismic images of the subsurface with higher definition than can be attained with conventional seismic migration techniques. Acoustic Zoom(R) offers the potential for providing new insight into the internal character of petroleum reservoirs. The development partners believe this technique will be particularly well suited to the unconventional 'tight' reservoirs such as the Eagle Ford formation of South Texas and the Marcellus shale play (Appalachia) where understanding natural and stimulated fractures of the reservoir can be a key to optimal petroleum production. Under the scientific direction of Dr. Jacques Guigne, PanGeo has successfully commercialized the use of acoustic beam steering methods within their geotechnical product line Acoustic Corer. An Acoustic Zoom(R) project of 12.5 sq. km has already been jointly acquired by the parties over GGS's Wrangler 3D multi-client survey in Wilson County Texas over the prolific Eagle Ford (shale), Austin Chalk (chalk), and Buda (limestone) formations. Over two terabytes of data were acquired using a custom array of 4,000 receivers with frequencies of up to 170 Hz recorded. Initial results are very encouraging as the data undergoes continued processing by the Acoustic Zoom geoscience team. Under this agreement GGS becomes a minority shareholder in the jointly owned entity Acoustic Zoom Inc., formed in Newfoundland, Canada.

Global Geophysical Services, Inc. Presents at Credit Suisse 2012 Energy Summit, Feb-08-2012 01:30 PM

Global Geophysical Services, Inc. Presents at Credit Suisse 2012 Energy Summit, Feb-08-2012 01:30 PM. Venue: Vail, Colorado, United States.

GGS Competitors

Company Last Change
Dawson Geophysical Co $38.06 USD +0.09
Geokinetics Inc $2.24 USD +0.05
Pulse Seismic Inc C$1.81 CAD +0.12
Tesla Exploration Ltd C$2.53 CAD 0.00
TGC Industries Inc $8.40 USD +0.06
Market data is delayed at least 15 minutes.
 

Industry Analysis

Valuation GGS Industry Range
Price/Earnings 74.9x
Price/Sales 1.1x
Price/Book 3.8x
Price/Cash Flow 75.7x
TEV/Sales 0.3x

GGS

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GGS transactions

Type
Date
Target
Merger/Acquisition
September 16, 2011
Sensor Geophysical Ltd.
SHAREHOLDERS ALERT: Pomerantz Law Firm Announces the Filing of a Class Action against Global Geophysical Services, Inc. and Certain Officers - GGS, GGS-PA
[PR Newswire] - NEW YORK, April 18, 2014 /PRNewswire/ -- Pomerantz LLP announces the filing of a class action lawsuit against Global Geophysical Services, Inc. ("Global" or the "Company")(GGS) and certain of its officers. The class action, filed in United States District Court, Southern District of Texas, and docketed under 14-cv-0735, is on behalf of a class consisting of all persons or entities who purchased or otherwise acquired securities of Global between February 7, 2011 and March 17, 2014, both dates inclusive (the "Class Period"). This class action seeks to recover damages against the Company and certain of its officers and directors as a result of alleged violations of the federal securities laws pursuant to Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. If you are a shareholder who purchased Global securities during the Class Period, you have until May 19, 2014, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll free, x237.
  Read More...
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors of Class Action Against GLOBAL GEOPHYSICAL SERVICES, INC. and Its Board of Directors and a Lead Plaintiff Deadline of May 19, 2014 -- GGS
[PR Newswire] - NEW YORK, April 11, 2014 /PRNewswire/ -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of Texas on behalf of investors ...
  Read More...
INVESTOR ALERT: Class Action Lawsuit Against Global Geophysical Services, Inc. Announced By Glancy Binkow & Goldberg LLP
[Business Wire] - Glancy Binkow & Goldberg LLP announces that a class action lawsuit has filed in the United States District Court for the Southern District of Texas on behalf of a class comprising all purchasers of the securities of Global Geophysical Services, Inc.
  Read More...
Cohen, Placitella & Roth, PC Investigating Global Geophysical Services, Inc. for Issuing False and Misleading Statements Concerning the Company's Financial Performance
[PR Newswire] - PHILADELPHIA, March 28, 2014 /PRNewswire/ -- Cohen, Placitella & Roth, PC is investigating claims on behalf of investors who purchased: (1) Global Geophysical Services, Inc. common stock ("Global" or the "Company") (GGS) between April 21, 2010 and February 18, 2014, inclusive ("Class Period") for violations of Sections 10(b) and 20(a) under the Securities Exchange Act of 1934; The investigation concerns whether Global and certain of its officers disseminated material false and/or misleading information in financial statements publicly disseminated in violation of the federal securities laws. The Company states that its seismic data solutions consist primarily include seismic data acquisition, microseismic monitoring, data processing and interpretation services, which deliver data that enables the creation of high resolution images of the Earth's subsurface, and reveal complex structural and stratigraphic details.
  Read More...
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Class Action Against GLOBAL GEOPHYSICAL SERVICES, INC. and Its Board of Directors and a Lead Plaintiff Deadline of May 19, 2014 -- GGS
[Marketwired] - Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of Texas on behalf of investors who purchased Global Geophysical ...
  Read More...
Global Geophysical Services -- Moody's downgrades Global Geophysical's PDR to D-PD on Chapter 11 filing
  Read More...
EQUITY UPDATE: Rosen Law Firm Updates Global Geophysical Services, Inc. Investors on Class Action Lawsuit in Light of Bankruptcy Filing - GGS, GGS-PA
[Marketwired] - The Rosen Law Firm issues this update on the class action against Global Geophysical Services, Inc. filed on behalf of purchasers of the Company's common stock during the period from April 21, 2010 through ...
  Read More...
Seismic data provider Global Geophysical files for bankruptcy
  Read More...
Global Geophysical files voluntary Chapter 11 petitions
  Read More...
Global Geophysical Services Files for Bankruptcy in Texas
  Read More...

Write Comment Create Account
Subject Author
Will Global make it to 2012?
With no cash and no borrowing capacity how will they be able to continue operating? Can Global ma...
vibrosig
Getting Scarey
Talk of no cash, bills coming due. Trading volume stinks and the stock is tanking. Can GGS get this ...
ormond83
Out of money
The company is out of money. Where will the re-finance come from? No further borrowing capacity ac...
vibrosig
How did they pay for Sensor?
What price and what funds where used for the Sensor purchase?...
vibrosig
Question re earning estimates
Yahoo shows earnings estimates for GGS for 2011 and 2012 of $0.31 and $0.95, with the 2012 number be...
jamesjkl
Crews down with no permit money
Out of $ to pay permits....
vibrosig
Trouble Making Payroll
Seems $$ were harder to come by last Friday. Rumor has it GGS had a hard time making payroll....
gabrielallon11
Incompetence
Greyfin....it is not Global's fault that you couldn't keep your job because you did...
dfund123
Anybody hear about the repair business that turned out to be way less than expected?
Heard GGS bought a repair business in a rush that turned out to be essentially a couple of soldering...
gabrielallon11
Has anyone looked at stated value of GGS multiclient library?
TGS and GOK have conservatively valued their libraries but GGS seems to have taken a much more liber...
gabrielallon11
3 QTR backlog 239 million
4 qtr backlog is 201 million.Backlog going down qtr on qtr and stock is going up.Go figure.I figure ...
e9wood
Load up
I KNEW I should have loaded up on this back in November!!...
dfund123
Want to learn how to trade Global Geophysical Services? Click for more info inside
You can make up to $200 in one hour like I did using this trading system! <a href="ht...
jasmineosherl527
Whopping Upgrade for Global Geophysical Services, Inc. Read Now!
If you are looking for information on the subject of the stock market, then you should take a look a...
arielpowell1222
Gotta read this: Global Geophysical Services, Inc. (GGS)
Has any other people saw this article? <a href="http://www.hotstocktraders.com/?stock=GGS&qu...
rwtataacywnpwh2016
GGS is out of money
I am a geophysicist in the industry. I suspected that the company was having problems when they decl...
emptysea56
depreciation question
anyone know what Multiclient depreciation expense is so high? Is it because the asset has a short us...
patient_mind
So.....what does the future hold?
GGS hits a new low today. Where will it go from here? Will management do something to get the stock ...
hennylopez
I last sold this stock at 10.45
and bought back some at 6.10, they have raised additional cash from HAL. They sell maps, nothing has...
daveschwartz67
The Motley fools
must own a boat load of stock..............i can see the sweat beading up on their forehead...........
mudbilly
Major problem here
Anyone agree with this statement? GGS&#39;s cost of capital &gt; GGS&#39;s return on ...
patient_mind
Entrepeneur of the year
according to Ernst and Young and that is with the stock at 1yr,3yr,5yr lows. Market has doubled off ...
daveschwartz67
any comments helpful
looking at stock @ $5. Anyone knows reputation of mgt (professionally and operationally)or any other...
micro00
1000% gr?
I was just looking at the analysts expectations for GGS a few days ago and they forecast a yoy growt...
secondbest456
fluff PRs
comming out right before earnings do not bode well for the stock...... i wonder what their multi ...
mudbilly

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