Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
  • Retire
    • Income Investing Guide
    • Retirement Articles
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
Login My Member Benefits Archives Research Your Team About Us FAQ
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
    ×
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
    ×
  • Retire
    • Income Investing Guide
    • Retirement Articles
    ×
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    ×
  • Subscribe
Enter stock ticker or keyword
×
5 Ways to Beat the Fed (and Crush Inflation)
Twitter
Tags: Penny Stocks
Stocks: IO

The Best Penny Stock to Buy Today: Gains of 200%+

By Money Morning Staff Reports, Money Morning • October 20, 2021

Start the conversation

Comment on This Story Click here to cancel reply.

Or to contact Money Morning Customer Service, click here.

Your email address will not be published. Required fields are marked *

Some HTML is OK

Today, we have a penny stock that has the potential to triple your investment over the next year. ION Geophysical Corp. (NYSE: IO) is a low-cost, well-regarded oil analytics company that could see gains of 200% - if not more.

This Houston-based data tech company focuses on the early stages of gas and oil production. The company searches the land for raw materials and then extracts it, all while using sensors to map out 3D data. Its platform also allows clients to optimize the logistics and carbon emissions efficiency.

And while this company is involved in the oil industry, there's a major catch that sets it apart from other traditional oil companies.

A Penny Stock with Little Overhead

Since IO is primarily a data tech company, it doesn't have those high-cost assets - think mining rigs, pipelines, platforms - that typical oil companies have. This helped the company remain profitable despite the pandemic.

Though its revenue dropped from $56.4 million in the first quarter of 2020 down to $14 million in 2021, it didn't go bankrupt like many other oil and gas companies did. And since IO was able to hold out, it's now begun to reap the benefits of the oil industry's recent rise in prices.

Oil prices are the highest they've been since 2014. It's not just a recovery from the pandemic lows when oil prices dropped to as low as $17 a barrel; it's a global energy squeeze that's pushing prices higher.

Right now, the cost of West Texas Intermediate crude is up 70% this year. Oil is priced at more than $80 per barrel, hitting seven-year highs. Damien Courvalin, an analyst at Goldman Sachs, thinks that the average of oil could reach $85 per barrel.

Sign up for SMS so you never miss special events, exclusive offers, and weekly bonus trades.

And there's a good chance those prices will stick around for a few years. In his interview with CNBC's "Street Signs Asia," Courvalin claims that this is not just a shock for oil, but a repricing of it.

If that turns out to be true, it makes IO an even more enticing opportunity, as the company can ride that wave higher. The company is already seeing the results of this increase.

Thanks to its "3D strategy," the company managed to increase its third quarter revenue by 40% to $19.71 million. IO has been able to increase its market share by roughly 50% by focusing on 3D data sales. 3D data is information gathered in the real world and then used to construct 3-dimensional visuals and graphs to better map out areas where data is being collected or oil extracted.

And that's just the tip of the iceberg...

Why IO Stock Is Our Best Penny Stock Today

ION Geophysical Corp. is a penny stock worth buying.

The company reported preliminary results for the third quarter of 2021, and the outlook is strong. IO expects revenue to reach anywhere between $44 million and $45 million. That is an increase of roughly 125%, quarter over quarter, and a 175% increase from the third quarter of 2020. And those higher oil prices help IO become more profitable since they are involved in the oil industry.

In turn, the stock's share price will continue to increase.

With improving EBITDA - a good indicator of a company's financial wellness - and revenue, IO is slowly making a recovery as we move out of the pandemic and back toward some kind of normalcy. As the travel industry reboots and oil demand continues to increase, that will only drive the stock higher as its demand increases.

Currently, shares of IO stock are trading around $2.06 per share. Considering the growth that the company estimated, along with the growth actually seen so far, there's no doubt this stock will offer impressive returns.

In fact, CNN analysts predict that IO could move as high as $6 per share over the next 12 months for a total gain of 200%. That could turn a $500 investment into $1,500.

But you have to act fast. IO stock is already trending higher after a pop Monday morning.

This Stock Could Triple Your Money

Join the conversation. Click here to jump to comments…

Login
guest
guest
0 Comments
Inline Feedbacks
View all comments


Latest News

June 5, 2023 • By Garrett Baldwin

A person with a skull on his arm Description automatically generated with medium confidence
Postcards: The Secret Behind Record Oil Profits

June 5, 2023 • By Alex Kagin

Week Ahead: Oil Cuts, Jobless Claims, and Consumer Packaged Goods Earnings

June 3, 2023 • By Garrett Baldwin

Postcards - Do This Whenever You See Buffett Buy OXY
Trending Stories
ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us COVID-19 Announcements How Money Morning Works FAQs Contact Us Search Article Archive Forgot Username/Password Archives Profit Academy Research Your Team Videos Text Messaging Terms of Use
FREE NEWSLETTERS
Total Wealth Research Power Profit Trades Profit Takeover Penny Hawk Trading Today Midday Momentum Pump Up the Close
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Night Trader Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Extreme Profit Hunters Profit Revolution Quantum Data Profits Live Trading Alliance Trade The Close Inside Money Trader Expiration Trader Flashpoint Trader Darknet Hyper Momentum Trader Alpha Accelerators Weekly Profit Cycles Brutus Alerts Resource Traders Alliance

© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell or Share My Personal Information

wpDiscuz