TheStreet Downgrades Dawson Geophysical (DWSN) to D+

Dawson Geophysical (NASDAQ:DWSN) was downgraded by stock analysts at TheStreet from a “c-” rating to a “d+” rating in a note issued to investors on Thursday.

A number of other analysts also recently issued reports on DWSN. Zacks Investment Research upgraded shares of Dawson Geophysical from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. ValuEngine upgraded shares of Dawson Geophysical from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd.

Shares of NASDAQ DWSN traded down $0.05 during midday trading on Thursday, reaching $3.56. The company’s stock had a trading volume of 53,496 shares, compared to its average volume of 59,082. The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 0.06. Dawson Geophysical has a fifty-two week low of $3.50 and a fifty-two week high of $8.40. The company has a market capitalization of $82.83 million, a PE ratio of -2.60 and a beta of 1.01.

Dawson Geophysical (NASDAQ:DWSN) last posted its quarterly earnings data on Thursday, November 1st. The oil and gas company reported ($0.23) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.02. Dawson Geophysical had a negative net margin of 10.35% and a negative return on equity of 12.60%. The company had revenue of $40.45 million for the quarter, compared to the consensus estimate of $32.13 million. As a group, sell-side analysts expect that Dawson Geophysical will post -0.73 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of DWSN. BlackRock Inc. increased its holdings in Dawson Geophysical by 101.2% during the second quarter. BlackRock Inc. now owns 1,945,151 shares of the oil and gas company’s stock worth $15,366,000 after buying an additional 978,357 shares during the last quarter. Northern Trust Corp increased its holdings in Dawson Geophysical by 235.9% during the second quarter. Northern Trust Corp now owns 265,638 shares of the oil and gas company’s stock worth $2,099,000 after buying an additional 186,546 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Dawson Geophysical by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,660,621 shares of the oil and gas company’s stock worth $13,119,000 after buying an additional 118,518 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Dawson Geophysical by 5.5% during the second quarter. Renaissance Technologies LLC now owns 1,796,986 shares of the oil and gas company’s stock worth $14,196,000 after buying an additional 94,224 shares during the last quarter. Finally, Bridgeway Capital Management Inc. increased its holdings in Dawson Geophysical by 24.3% during the third quarter. Bridgeway Capital Management Inc. now owns 367,044 shares of the oil and gas company’s stock worth $2,272,000 after buying an additional 71,700 shares during the last quarter. Institutional investors and hedge funds own 69.37% of the company’s stock.

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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