Dawson Geophysical (NASDAQ:DWSN) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Dawson Geophysical Company (NASDAQ:DWSN)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.74 and traded as high as $4.43. Dawson Geophysical shares last traded at $3.98, with a volume of 31,851 shares trading hands.

Analyst Upgrades and Downgrades

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

Dawson Geophysical Trading Down 9.8%

The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $123.58 million, a PE ratio of 26.53 and a beta of -0.08. The stock’s 50 day simple moving average is $3.41 and its 200 day simple moving average is $2.74.

Dawson Geophysical (NASDAQ:DWSN) last released its quarterly earnings results on Thursday, May 14th. The oil and gas company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.54. Dawson Geophysical had a net margin of 4.91% and a return on equity of 26.74%. The business had revenue of $36.70 million during the quarter, compared to analysts’ expectations of $27.20 million.

Institutional Investors Weigh In On Dawson Geophysical

A number of hedge funds have recently made changes to their positions in DWSN. Jane Street Group LLC bought a new stake in shares of Dawson Geophysical in the 2nd quarter worth approximately $52,000. Hillsdale Investment Management Inc. bought a new stake in shares of Dawson Geophysical in the 1st quarter worth approximately $119,000. Two Sigma Investments LP bought a new stake in shares of Dawson Geophysical in the 3rd quarter worth approximately $52,000. Citadel Advisors LLC lifted its holdings 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 worth $107,000 after acquiring an additional 24,504 shares during the last quarter. Finally, Teton Advisors LLC bought a new stake in shares of Dawson Geophysical in the 3rd quarter worth approximately $35,000. 7.86% of the stock is currently owned by 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.