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 report issued on Friday.

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 upgraded Dawson Geophysical from a “strong sell” rating to a “sell” rating in a research note on Tuesday, January 9th.

NASDAQ:DWSN traded down $0.04 during trading on Friday, reaching $6.27. The company’s stock had a trading volume of 28,169 shares, compared to its average volume of 61,930. The company has a market capitalization of $139.91, a PE ratio of -4.35 and a beta of 1.20. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.33 and a quick ratio of 4.33. Dawson Geophysical has a 12 month low of $3.70 and a 12 month high of $7.12.

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

A number of large investors have recently made changes to their positions in DWSN. Tower Research Capital LLC TRC grew its stake in 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 purchasing an additional 20,692 shares during the period. Renaissance Technologies LLC grew its stake in 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 purchasing an additional 61,790 shares during the period. Stone Ridge Asset Management LLC bought a new position in Dawson Geophysical in the 4th quarter valued at $163,000. Finally, Van Den Berg Management I Inc. grew its stake in 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 purchasing an additional 194,298 shares during the period. Hedge funds and other institutional investors own 61.07% of the company’s stock.

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About Dawson Geophysical

Dawson Geophysical Company provides onshore seismic data acquisition services in the continental United States and Canada. The company acquires and processes 2-D, 3-D, and multi-component seismic data for its clients, including oil and gas companies, and independent oil and gas operators, as well as providers of multi-client data libraries.

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