Dawson Geophysical (DWSN) Posts Quarterly Earnings Results

Dawson Geophysical (NASDAQ:DWSN) posted its quarterly earnings results on Thursday. The oil and gas company reported ($0.23) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.02, MarketWatch Earnings reports. The firm had revenue of $40.45 million for the quarter, compared to analyst estimates of $32.13 million. Dawson Geophysical had a negative return on equity of 10.51% and a negative net margin of 8.62%.

Shares of DWSN stock traded up $0.33 during trading on Friday, reaching $5.47. 41,364 shares of the company’s stock were exchanged, compared to its average volume of 83,103. The company has a current ratio of 3.61, a quick ratio of 3.61 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $125.38 million, a PE ratio of -3.99 and a beta of 1.00. Dawson Geophysical has a twelve month low of $4.55 and a twelve month high of $8.40.

In other Dawson Geophysical news, Director William J. Barrett bought 16,600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The shares were acquired at an average cost of $5.62 per share, with a total value of $93,292.00. Following the acquisition, the director now owns 754,115 shares of the company’s stock, valued at $4,238,126.30. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William J. Barrett bought 18,280 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The shares were acquired at an average cost of $5.76 per share, for a total transaction of $105,292.80. Following the completion of the acquisition, the director now directly owns 729,115 shares in the company, valued at approximately $4,199,702.40. The disclosure for this purchase can be found here. Insiders have purchased a total of 36,650 shares of company stock worth $208,851 over the last three months. 7.97% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in shares of Dawson Geophysical by 101.2% during the 2nd quarter. BlackRock Inc. now owns 1,945,151 shares of the oil and gas company’s stock worth $15,366,000 after acquiring an additional 978,357 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Dawson Geophysical by 5.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,796,986 shares of the oil and gas company’s stock worth $14,196,000 after acquiring an additional 94,224 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Dawson Geophysical by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,660,621 shares of the oil and gas company’s stock worth $13,119,000 after acquiring an additional 118,518 shares during the last quarter. Grace & White Inc. NY increased its holdings in shares of Dawson Geophysical by 3.6% during the 3rd quarter. Grace & White Inc. NY now owns 1,083,667 shares of the oil and gas company’s stock worth $6,708,000 after acquiring an additional 37,366 shares during the last quarter. Finally, First Wilshire Securities Management Inc. increased its holdings in shares of Dawson Geophysical by 3.4% during the 2nd quarter. First Wilshire Securities Management Inc. now owns 550,412 shares of the oil and gas company’s stock worth $4,348,000 after acquiring an additional 18,051 shares during the last quarter. 68.55% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have weighed in on the company. Zacks Investment Research raised Dawson Geophysical from a “sell” rating to a “buy” rating and set a $8.75 price target on the stock in a research report on Thursday, August 2nd. ValuEngine raised Dawson Geophysical from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Finally, Raymond James lowered Dawson Geophysical from a “strong-buy” rating to an “outperform” rating in a report on Friday, August 3rd.

Dawson Geophysical Company Profile

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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Earnings History for Dawson Geophysical (NASDAQ:DWSN)

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