NEW YORK ( TheStreet) -- ION Geophysical (IO - Get Report), Global Geophysical Services (GGS), Dawson Geophysical (DWSN - Get Report), 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
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