According to Zacks, “Dawson Geophysical Company offers onshore seismic data acquisition services primarily in the United States and Canada. The company acquires and processes 2-D, 3-D and multi-component seismic data for oil and gas companies. Dawson Operating Company, formerly known as Dawson Geophysical Company, is headquartered in Midland, Texas. “
Several other analysts also recently issued reports on DWSN. ValuEngine downgraded shares of Dawson Geophysical from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Raymond James set a $4.00 price target on shares of Dawson Geophysical and gave the company a “buy” rating in a report on Thursday, May 2nd.
Shares of DWSN traded down $0.02 during mid-day trading on Wednesday, hitting $2.33. 76,073 shares of the company’s stock were exchanged, compared to its average volume of 95,390. The company has a quick ratio of 3.04, a current ratio of 3.04 and a debt-to-equity ratio of 0.10. The firm has a market cap of $52.13 million, a price-to-earnings ratio of -2.18 and a beta of 0.98. Dawson Geophysical has a twelve month low of $2.20 and a twelve month high of $8.40.
Dawson Geophysical (NASDAQ:DWSN) last posted its quarterly earnings data on Wednesday, May 1st. The oil and gas company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.24. The business had revenue of $51.16 million during the quarter, compared to the consensus estimate of $38.05 million. Dawson Geophysical had a negative net margin of 14.69% and a negative return on equity of 18.36%. As a group, research analysts predict that Dawson Geophysical will post -0.85 earnings per share for the current fiscal year.
In other Dawson Geophysical news, EVP James W. Thomas acquired 13,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was bought at an average price of $3.12 per share, for a total transaction of $40,560.00. Following the purchase, the executive vice president now owns 59,400 shares in the company, valued at approximately $185,328. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 7.24% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in Dawson Geophysical by 37.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 54,133 shares of the oil and gas company’s stock worth $159,000 after buying an additional 14,633 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Dawson Geophysical by 2.8% during the first quarter. Renaissance Technologies LLC now owns 1,750,086 shares of the oil and gas company’s stock worth $5,128,000 after buying an additional 47,252 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Dawson Geophysical by 2.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,781,689 shares of the oil and gas company’s stock worth $5,220,000 after buying an additional 36,226 shares during the last quarter. Acadian Asset Management LLC increased its holdings in Dawson Geophysical by 15.4% during the first quarter. Acadian Asset Management LLC now owns 138,285 shares of the oil and gas company’s stock worth $406,000 after buying an additional 18,464 shares during the last quarter. Finally, Ironwood Investment Management LLC acquired a new position in Dawson Geophysical during the first quarter worth $124,000. Institutional investors own 70.56% of the company’s stock.
About Dawson Geophysical
Dawson Geophysical Company provides onshore seismic data acquisition services in the United States and Canada. The company acquires and processes 2-D, 3-D, and multi-component seismic data for its clients, including oil and gas companies, and independent oil and gas operators, as well as providers of multi-client data libraries.
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