14,589 Shares in Dawson Geophysical Co (NASDAQ:DWSN) Purchased by SG Americas Securities LLC

SG Americas Securities LLC acquired a new position in shares of Dawson Geophysical Co (NASDAQ:DWSN) in the first quarter, Holdings Channel reports. The institutional investor acquired 14,589 shares of the oil and gas company’s stock, valued at approximately $43,000.

Several other large investors have also recently modified their holdings of DWSN. Morgan Stanley lifted its holdings in Dawson Geophysical by 22.2% in the third quarter. Morgan Stanley now owns 245,671 shares of the oil and gas company’s stock valued at $1,521,000 after acquiring an additional 44,617 shares during the period. Vanguard Group Inc. increased its position in shares of Dawson Geophysical by 4.5% in the third quarter. Vanguard Group Inc. now owns 930,101 shares of the oil and gas company’s stock valued at $5,757,000 after buying an additional 39,776 shares in the last quarter. Rhumbline Advisers increased its position in shares of Dawson Geophysical by 46.2% in the fourth quarter. Rhumbline Advisers now owns 29,555 shares of the oil and gas company’s stock valued at $100,000 after buying an additional 9,339 shares in the last quarter. BlackRock Inc. increased its position in shares of Dawson Geophysical by 0.5% in the fourth quarter. BlackRock Inc. now owns 1,887,468 shares of the oil and gas company’s stock valued at $6,378,000 after buying an additional 9,775 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Dawson Geophysical by 8.3% in the fourth quarter. Bank of New York Mellon Corp now owns 145,447 shares of the oil and gas company’s stock valued at $492,000 after buying an additional 11,184 shares in the last quarter. Institutional investors own 66.92% of the company’s stock.

A number of brokerages have recently weighed in on DWSN. Zacks Investment Research upgraded Dawson Geophysical from a “sell” rating to a “hold” rating in a research report on Monday, June 10th. ValuEngine cut Dawson Geophysical from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Finally, Raymond James set a $4.00 price target on Dawson Geophysical and gave the company a “buy” rating in a research report on Thursday, May 2nd.

Shares of DWSN stock opened at $2.06 on Friday. Dawson Geophysical Co has a fifty-two week low of $2.01 and a fifty-two week high of $8.40. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.04 and a quick ratio of 3.04.

Dawson Geophysical (NASDAQ:DWSN) last announced its quarterly earnings results on Wednesday, May 1st. The oil and gas company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.24. Dawson Geophysical had a negative return on equity of 18.36% and a negative net margin of 14.69%. The business had revenue of $51.16 million during the quarter, compared to analysts’ expectations of $38.05 million. As a group, equities research analysts anticipate that Dawson Geophysical Co will post -0.85 EPS for the current year.

TRADEMARK VIOLATION WARNING: This piece was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece can be accessed at https://www.dispatchtribunal.com/2019/06/15/14589-shares-in-dawson-geophysical-co-nasdaqdwsn-purchased-by-sg-americas-securities-llc.html.

Dawson Geophysical 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.

Featured Story: Are 12b-1 Fees Affecting Your Mutual Fund Performance?

Want to see what other hedge funds are holding DWSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dawson Geophysical Co (NASDAQ:DWSN).

Institutional Ownership by Quarter for Dawson Geophysical (NASDAQ:DWSN)

Receive News & Ratings for Dawson Geophysical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dawson Geophysical and related companies with MarketBeat.com's FREE daily email newsletter.