Dawson Geophysical (DWSN) Upgraded to “Buy” by Zacks Investment Research

Zacks Investment Research upgraded shares of Dawson Geophysical (NASDAQ:DWSN) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning. Zacks Investment Research currently has $7.25 price objective on the oil and gas company’s stock.

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 raised shares of Dawson Geophysical from a strong sell rating to a sell rating in a research note on Tuesday, January 9th.

DWSN stock opened at $6.51 on Wednesday. Dawson Geophysical has a one year low of $3.70 and a one year high of $7.12. The company has a current ratio of 4.33, a quick ratio of 4.33 and a debt-to-equity ratio of 0.04.

Dawson Geophysical (NASDAQ:DWSN) last issued its earnings results on Thursday, March 1st. The oil and gas company reported ($0.21) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.28) by $0.07. Dawson Geophysical had a negative net margin of 19.90% and a negative return on equity of 20.97%. The business had revenue of $39.13 million for the quarter, compared to the consensus estimate of $35.53 million. sell-side analysts expect that Dawson Geophysical will post -0.53 EPS for the current year.

Hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its stake in shares of Dawson Geophysical by 606.4% in 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 acquiring an additional 20,692 shares during the period. Stone Ridge Asset Management LLC purchased a new position in shares of Dawson Geophysical in the 4th quarter valued at $163,000. Van Den Berg Management I Inc. raised its stake in shares of Dawson Geophysical by 24.0% in 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 acquiring an additional 194,298 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Dawson Geophysical by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,490,953 shares of the oil and gas company’s stock valued at $5,845,000 after acquiring an additional 57,167 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of Dawson Geophysical by 3.7% in 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 acquiring an additional 61,790 shares during the period. 61.07% of the stock is currently owned by institutional investors and hedge funds.

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Dawson Geophysical Company Profile

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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