Cowen Sees Possibility for Strong Demand Growth in Geospace's GSX, OBX, PRM Units, Sees 76% Upside from Current Share Price

In a report published Tuesday, Cowen analyst Peter Hatfield highlighted potential strong demand growth in Geospace's

GSX, OBX, and PRM segments. Hatfield expects large sales in GSX segment over the next two quarters -- to the tune of somewhere around 50,000. Furthermore, the analyst sugested Geospace could be talking to customers for potential OBX awards, with wins which may range from $20-$50 million. Cowen maintains an Outperform rating and $130 price target on shares of Geospace. The stock appears to be trading higher Tuesday afternoon the heels of this Cowen report. With the stock up 0.7 percent to $73.76 at last check, Hatfield's price target represents potential upside of more than 76 percent.