Last $3.68 USD
Change Today +0.07 / 1.94%
Volume 38.2K
As of 1:54 PM 06/6/13 All times are local (Market data is delayed by at least 15 minutes).

global geophysical services (GGS) Snapshot

Open
$3.66
Previous Close
$3.61
Day High
$3.75
Day Low
$3.58
52 Week High
06/7/12 - $7.52
52 Week Low
04/22/13 - $1.86
Market Cap
139.7M
Average Volume 10 Days
265.3K
EPS TTM
$-0.24
Shares Outstanding
38.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
GGS:US Historical Stock Quote
GGS:US Advanced Stock Chart

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global geophysical services (GGS) Key Developments

Global Geophysical Services, Inc. Presents at Barclay's High Yield Bond and Syndicated Loan Conference, May-22-2013 09:30 AM

Global Geophysical Services, Inc. Presents at Barclay's High Yield Bond and Syndicated Loan Conference, May-22-2013 09:30 AM. Venue: JW Marriott Chicago, 151 W. Adams Street, Chicago, Illinois, United States. Speakers: Matthew Vargese, SVP & CFO.

Global Geophysical Services, Inc. Enters into Amendment No. 4 to the Credit Agreement with Bank of America, N.A

On April 30, 2010, Global Geophysical Services, Inc. entered into a revolving credit facility under the terms of a credit agreement, as supplemented by those certain amendment No. 1, amendment No. 2 and amendment No. 3 with Bank of America, N.A., as administrative agent, Swing Line Lender and L/C Issuer, and each lender from time to time party thereto. The revolving credit facility initially provided for borrowings of up to USD 50,000,000. Amendment No. 1 increased the maximum borrowing to USD 70,000,000. Amendment No. 2 addressed matters other than the maximum permitted borrowings. Amendment No. 3 increased the maximum borrowing to USD 85,000,000 until the initial maturity date of April 30, 2013, at which point the amount of the maximum permitted borrowings goes to USD 67,500,000 and the maturity date of the revolving credit facility is extended to April 30, 2014. On April 24, 2013, the company entered into amendment No. 4 to the credit agreement, with BANK OF AMERICA, N.A., as administrative agent, Swing Line Lender and L/C Issuer, CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as syndication agent and a lender, BARCLAYS BANK PLC, and CITIBANK, N.A. The borrower has requested and certain of the Lenders have agreed to assume a portion of certain expiring commitments and extend such lenders' respective commitments and/or the expiration thereof on the terms and conditions set forth in amendment No. 4. Under amendment No. 4, the amount of the maximum permitted borrowings under the credit agreement was reduced to USD 80,000,000 until the initial maturity date of September 30, 2013, at which point the amount of the maximum permitted borrowings goes to USD 67,500,000 through the maturity date of the revolving credit facility of April 30, 2014.

Global Geophysical Services, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2013; Provides Tax Rate Guidance for the Year of 2013

Global Geophysical Services, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenues of $83,409,000 compared to $96,111,000 a year ago. Loss from operations was $5,001,000 compared to income from operations of $19,876,000 a year ago. Loss before income taxes was $13,237,000 compared to income before income taxes of $12,469,000 a year ago. Net loss attributable to common shareholders was $11,542,000 or $0.31 basic and diluted per share compared to net income attributable to common shareholders of $6,930,000 or $0.19 basic and diluted per share a year ago. Net cash provided by operating activities was $45,800,000 compared to $38,927,000 a year ago. Purchase of property and equipment was $4,183,000 compared to $9,698,000 a year ago. Purchase of intangibles was $1,455,000 compared to $2,547,000 a year ago. LBIT was $11,542,000 or $0.31 per share compared to EBIT of $19,584,000 or $0.53 per share a year ago. EBITDA was $50,824,000 or $1.35 per share compared to $49,802,000 or $1.34 per share a year ago. Cash EBITDA was $24,821,000 or $0.66 per share compared to $11,624,000 or $0.31 per share a year ago. The company generated free cash flow of $16.7 million and reduced net debt from $318.8 million as of December 31, 2012 to $302.4 million as of March 31, 2013. The company generated free cash flow of $16.7 million in the quarter and $4.2 million of CapEx in the quarter. Based on projections for 2013, the company have computed an effective tax rate of 23%. The company believes the remaining spend for the balance of the year to be under $10 million in line with previously guided range.


1 GGS CA$0.06
0.0000 (0.00%)

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GGS:US $3.67 USD +0.06

GGS Competitors

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Company Last Change
Dawson Geophysical Co $36.98 USD -0.55
Pulse Seismic Inc C$3.72 CAD 0.00
Tesla Exploration Ltd C$2.93 CAD -0.07
TGC Industries Inc $8.35 USD 0.00
TGS Nopec Geophysical Co ASA 190.60 NOK -2.20

Industry Analysis

GGS

Industry Average

Valuation GGS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.4x
Price/Book 1.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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Global Geophysical Services Stock

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.
Global Geophysical Services, Inc. Declares Series A Preferred Dividend
[at noodls] - HOUSTON, Dec. 18, 2013 (GLOBE NEWSWIRE) -- Global Geophysical Services, Inc. ("Global" or the "Company") (NYSE:GGS) today announced that it has declared a cash dividend of $143.75 per ...
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GLOBAL GEOPHYSICAL SERVICES INC Financials
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An 11.5% Yield Investors Must Avoid
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GLOBAL GEOPHYSICAL SERVICES INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Material Modification
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Global Geophysical shares 'signifncantly undervalued,' says Barrington
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GLOBAL GEOPHYSICAL SERVICES INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements
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GLOBAL GEOPHYSICAL SERVICES INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct
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GLOBAL GEOPHYSICAL SERVICES INC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
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Global Geophysical Services, Inc. Announces Public Offering of Non-Convertible Perpetual Preferred Stock
[at noodls] - HOUSTON, Dec. 4, 2013 (GLOBE NEWSWIRE) -- Global Geophysical Services, Inc. ("Global" or the "Company") (NYSE:GGS) today announced that it is commencing, subject to market and other ...
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Global Geophysical Services, Inc. Files Shelf Registration on Form S-3
[at noodls] - HOUSTON, Nov. 18, 2013 (GLOBE NEWSWIRE) -- Global Geophysical Services, Inc. ("Global" or the "Company") (NYSE:GGS) today announced that it has filed a shelf registration statement ...
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