Dawson Geophysical (DWSN) Stock Rating Lowered by Zacks Investment Research

Dawson Geophysical (NASDAQ:DWSN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

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. “

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Separately, ValuEngine lowered Dawson Geophysical from a “sell” rating to a “strong sell” rating in a report on Tuesday, February 13th.

Shares of Dawson Geophysical stock opened at $6.51 on Thursday. The company has a current ratio of 4.33, a quick ratio of 4.33 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $144.27, a price-to-earnings ratio of -4.52 and a beta of 1.43. Dawson Geophysical has a twelve month low of $3.70 and a twelve month high of $7.12.

Dawson Geophysical (NASDAQ:DWSN) last posted its earnings results on Thursday, March 1st. The oil and gas company reported ($0.21) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.07. The company had revenue of $39.13 million during the quarter, compared to analyst estimates of $35.53 million. Dawson Geophysical had a negative return on equity of 20.97% and a negative net margin of 19.90%. equities analysts forecast that Dawson Geophysical will post -0.53 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its holdings in shares of Dawson Geophysical by 606.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 24,104 shares of the oil and gas company’s stock valued at $120,000 after purchasing an additional 20,692 shares during the last quarter. Stone Ridge Asset Management LLC purchased a new stake in shares of Dawson Geophysical during the 4th quarter valued at $163,000. Renaissance Technologies LLC lifted its holdings in shares of Dawson Geophysical by 3.7% during the 4th quarter. Renaissance Technologies LLC now owns 1,721,762 shares of the oil and gas company’s stock valued at $8,557,000 after purchasing an additional 61,790 shares during the last quarter. Finally, Van Den Berg Management I Inc. lifted its holdings in shares of Dawson Geophysical by 24.0% during the 4th quarter. Van Den Berg Management I Inc. now owns 1,002,729 shares of the oil and gas company’s stock valued at $4,984,000 after purchasing an additional 194,298 shares during the last quarter. Hedge funds and other institutional investors own 61.07% of the company’s stock.

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About Dawson Geophysical

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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