Dawson Geophysical Co. (NASDAQ:DWSN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
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, Raymond James Financial Inc. lowered Dawson Geophysical from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 25th.
Dawson Geophysical (NASDAQ:DWSN) traded down 1.33% during midday trading on Tuesday, reaching $7.43. The company had a trading volume of 17,838 shares. Dawson Geophysical has a 12 month low of $2.90 and a 12 month high of $8.87. The firm’s 50-day moving average price is $7.34 and its 200 day moving average price is $6.68. The firm’s market capitalization is $160.65 million.
In other Dawson Geophysical news, Director Allen T. Mcinnes sold 3,990 shares of the company’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $7.02, for a total transaction of $28,009.80. Following the completion of the sale, the director now directly owns 351,111 shares in the company, valued at $2,464,799.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 7.70% of the company’s stock.
A number of large investors have recently made changes to their positions in DWSN. Acrospire Investment Management LLC raised its stake in shares of Dawson Geophysical by 1,134.3% in the second quarter. Acrospire Investment Management LLC now owns 18,132 shares of the company’s stock valued at $148,000 after buying an additional 16,663 shares in the last quarter. Nationwide Fund Advisors raised its stake in shares of Dawson Geophysical by 1,002.7% in the second quarter. Nationwide Fund Advisors now owns 61,321 shares of the company’s stock valued at $500,000 after buying an additional 55,760 shares in the last quarter. Alambic Investment Management L.P. raised its stake in shares of Dawson Geophysical by 170.0% in the second quarter. Alambic Investment Management L.P. now owns 27,265 shares of the company’s stock valued at $222,000 after buying an additional 17,165 shares in the last quarter. Moors & Cabot Inc. purchased a new stake in shares of Dawson Geophysical during the second quarter valued at approximately $103,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Dawson Geophysical during the second quarter valued at approximately $129,000. Institutional investors own 69.77% of the company’s stock.
Dawson Geophysical Company Profile
Dawson Geophysical Company, formerly TGC Industries, Inc, is a provider of onshore seismic data acquisition and processing services with operations throughout the United States and Canada. The Company acquires and processes two-dimensional (2-D), three-dimensional (3-D) and multi-component seismic data for its clients, ranging from oil and gas companies to independent oil and gas operators, as well as providers of multi-client data libraries.
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