NEW YORK ( TheStreet) -- ION Geophysical (IO - Get Report), Global Geophysical Services (GGS), Dawson Geophysical (DWSN), OYO Geospace (OYOG) and Geokinetics (GOK) are five high-growth stocks within the scientific and technical instruments space that doubled in the last one year and have potential upside of 10%-42%. Being analysts' favorites, most of these stocks have no sell ratings.Geoscientists use seismic data for exploring and developing oil and gas resources and to map potential/recognized hydrocarbon-bearing formations and geologic structures that are contiguous. A seismic survey is crucial for oil and gas exploration. The survey involves arranging several thousands of channels of acquisition equipment in a grid. In tandem, a fleet of vibrator trucks or a dynamite crew returns vibrations on the surface that pass into the formation or the acquisition equipment. The acquisition equipment intercepts and records these vibrations. On analysis, the acquired data provides 3-D images of the subsurface profile and indicates prospective reserves of oil or gas.
5 Oil and Gas Equipment Stocks to Watch
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.