Dawson Geophysical (NASDAQ:DWSN) Issues Quarterly Earnings Results

Dawson Geophysical (NASDAQ:DWSN) posted its quarterly earnings results on Thursday. The oil and gas company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.02, Zacks reports. Dawson Geophysical had a net margin of 4.91% and a return on equity of 26.74%.

Dawson Geophysical Stock Up 4.1%

Shares of NASDAQ DWSN traded up $0.18 during midday trading on Thursday, hitting $4.56. 55,924 shares of the company’s stock were exchanged, compared to its average volume of 151,750. The firm’s fifty day simple moving average is $4.90 and its 200-day simple moving average is $3.80. The company has a market cap of $141.59 million, a PE ratio of 30.40 and a beta of -0.15. Dawson Geophysical has a twelve month low of $1.26 and a twelve month high of $7.85. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.01 and a quick ratio of 1.01.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Dawson Geophysical in a report on Wednesday, July 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Dawson Geophysical

Hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new stake in Dawson Geophysical during the fourth quarter worth approximately $29,000. Bridgeway Capital Management LLC boosted its holdings in shares of Dawson Geophysical by 83.8% in the 4th quarter. Bridgeway Capital Management LLC now owns 21,710 shares of the oil and gas company’s stock valued at $34,000 after buying an additional 9,900 shares in the last quarter. HRT Financial LP purchased a new position in shares of Dawson Geophysical in the 4th quarter valued at $26,000. Citadel Advisors LLC grew its position in shares of Dawson Geophysical by 67.9% in the 3rd quarter. Citadel Advisors LLC now owns 60,599 shares of the oil and gas company’s stock valued at $107,000 after buying an additional 24,504 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new stake in Dawson Geophysical during the 3rd quarter worth $52,000. 7.86% of the stock is currently owned by hedge funds and other institutional investors.

Dawson Geophysical Company Profile

Dawson Geophysical Company provides land-based seismic data acquisition services to the oil and gas industry. Through its subsidiaries, the company specializes in the design, deployment and operation of seismic crews that collect high-fidelity subsurface data. Its services support exploration and development programs by delivering two-dimensional (2D), three-dimensional (3D) and time-lapse (4D) seismic surveys that enable clients to make informed drilling and reservoir management decisions.

The company’s fleet includes vibratory and impulsive seismic sources, high-capacity source trucks, geophone sensor arrays and digital recording systems.