Zacks Investment Research downgraded shares of Dawson Geophysical (NASDAQ:DWSN) from a buy rating to a hold rating in a report published on Friday.
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. “
Separately, ValuEngine upgraded shares of Dawson Geophysical from a strong sell rating to a sell rating in a research report on Tuesday, January 9th.
DWSN stock opened at $6.13 on Friday. Dawson Geophysical has a 52 week low of $3.70 and a 52 week high of $7.12. The stock has a market cap of $136.64, a price-to-earnings ratio of -4.26 and a beta of 1.19. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.33 and a current ratio of 4.33.
Dawson Geophysical (NASDAQ:DWSN) last released its quarterly earnings results on Thursday, March 1st. The oil and gas company reported ($0.21) EPS for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.07. Dawson Geophysical had a negative net margin of 19.90% and a negative return on equity of 20.97%. The company had revenue of $39.13 million for the quarter, compared to the consensus estimate of $35.53 million. research analysts expect that Dawson Geophysical will post -0.53 EPS for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Van Den Berg Management I Inc. grew its stake in shares of Dawson Geophysical by 24.0% in the 4th quarter. Van Den Berg Management I Inc. now owns 1,002,729 shares of the oil and gas company’s stock worth $4,984,000 after purchasing an additional 194,298 shares during the last quarter. Stone Ridge Asset Management LLC acquired a new position in shares of Dawson Geophysical in the 4th quarter worth approximately $163,000. Renaissance Technologies LLC grew its stake in shares of Dawson Geophysical by 3.7% in the 4th quarter. Renaissance Technologies LLC now owns 1,721,762 shares of the oil and gas company’s stock worth $8,557,000 after purchasing an additional 61,790 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Dawson Geophysical by 606.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 24,104 shares of the oil and gas company’s stock worth $120,000 after purchasing an additional 20,692 shares during the last quarter. 61.07% of the stock is currently owned by institutional investors.
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About Dawson Geophysical
Dawson Geophysical Company provides onshore seismic data acquisition services in the continental 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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