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.
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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.
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