Short Interest in Dawson Geophysical Company (NASDAQ:DWSN) Decreases By 38.7%

Dawson Geophysical Company (NASDAQ:DWSN) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 69,302 shares, a decline of 38.7% from the May 14th total of 113,137 shares. Based on an average daily trading volume, of 107,546 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Dawson Geophysical

A number of institutional investors have recently made changes to their positions in the business. Citadel Advisors LLC boosted its stake 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 purchasing an additional 24,504 shares in the last quarter. Pinnacle Associates Ltd. boosted its stake 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 purchasing an additional 8,360 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Dawson Geophysical in the 2nd quarter valued at $52,000. Hillsdale Investment Management Inc. purchased a new stake in shares of Dawson Geophysical in the 1st quarter valued at $119,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Dawson Geophysical in the 3rd quarter valued at $52,000. Hedge funds and other institutional investors own 7.86% of the company’s stock.

Dawson Geophysical Price Performance

DWSN stock opened at $4.42 on Wednesday. Dawson Geophysical has a one year low of $1.26 and a one year high of $4.95. The stock has a market cap of $137.24 million, a PE ratio of 29.47 and a beta of -0.08. The firm has a 50 day simple moving average of $3.62 and a two-hundred day simple moving average of $2.88. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.01 and a quick ratio of 1.01.

Dawson Geophysical (NASDAQ:DWSN) last announced its quarterly earnings data on Thursday, May 14th. The oil and gas company reported $0.25 earnings per share (EPS) for the quarter, beating 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 company had revenue of $36.70 million during the quarter, compared to analysts’ expectations of $27.20 million.

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.