Dawson Geophysical (NASDAQ:DWSN) Issues Quarterly Earnings Results, Beats Expectations By $0.54 EPS

Dawson Geophysical (NASDAQ:DWSN) released its quarterly earnings results on Thursday. The oil and gas company reported $0.25 earnings per share for the quarter, topping the consensus estimate of ($0.29) by $0.54, FiscalAI reports. The business had revenue of $36.70 million during the quarter, compared to analysts’ expectations of $27.20 million. Dawson Geophysical had a negative return on equity of 11.82% and a negative net margin of 2.57%.

Dawson Geophysical Price Performance

NASDAQ DWSN traded up $0.45 during midday trading on Thursday, hitting $3.86. The company had a trading volume of 156,217 shares, compared to its average volume of 134,918. The company has a market capitalization of $119.85 million, a PE ratio of -55.14 and a beta of -0.13. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average price of $3.26 and a 200-day moving average price of $2.51. Dawson Geophysical has a twelve month low of $1.17 and a twelve month high of $5.54.

Analyst Ratings Changes

Several analysts recently weighed in on DWSN shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Dawson Geophysical in a report on Friday, March 27th. Wall Street Zen raised Dawson Geophysical from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Dawson Geophysical

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DWSN. Pinnacle Associates Ltd. grew its position in shares of Dawson Geophysical by 19.0% in the 3rd quarter. Pinnacle Associates Ltd. now owns 52,360 shares of the oil and gas company’s stock valued at $92,000 after buying an additional 8,360 shares during the last quarter. Bridgeway Capital Management LLC grew its position 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 during the last quarter. HRT Financial LP bought a new stake in shares of Dawson Geophysical during the 4th quarter valued at about $26,000. Virtu Financial LLC bought a new stake in shares of Dawson Geophysical during the 4th quarter valued at about $29,000. Finally, Citadel Advisors LLC boosted its position in shares of Dawson Geophysical by 67.9% during the 3rd quarter. Citadel Advisors LLC now owns 60,599 shares of the oil and gas company’s stock valued at $107,000 after purchasing an additional 24,504 shares in the last quarter. 7.86% of the stock is owned by institutional investors and hedge funds.

About Dawson Geophysical

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.