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. “
A number of other research firms also recently issued reports on DWSN. Raymond James set a $4.00 target price on shares of Dawson Geophysical and gave the company a “buy” rating in a research report on Thursday, May 2nd. ValuEngine downgraded shares of Dawson Geophysical from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st.
Dawson Geophysical (NASDAQ:DWSN) last released its earnings results on Wednesday, May 1st. The oil and gas company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.24. Dawson Geophysical had a negative net margin of 14.69% and a negative return on equity of 18.36%. The company had revenue of $51.16 million for the quarter, compared to the consensus estimate of $38.05 million. On average, analysts forecast that Dawson Geophysical will post -0.85 earnings per share for the current year.
In related news, EVP James W. Thomas purchased 13,000 shares of the stock in a transaction dated Wednesday, March 13th. The stock was bought at an average cost of $3.12 per share, with a total value of $40,560.00. Following the purchase, the executive vice president now directly owns 59,400 shares in the company, valued at approximately $185,328. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 7.24% of the company’s stock.
Several hedge funds have recently made changes to their positions in DWSN. Two Sigma Investments LP bought a new stake in shares of Dawson Geophysical in the 4th quarter valued at about $35,000. Virtu Financial LLC bought a new stake in shares of Dawson Geophysical in the 4th quarter valued at about $41,000. SG Americas Securities LLC bought a new stake in shares of Dawson Geophysical in the 1st quarter valued at about $43,000. Teton Advisors Inc. increased its stake in shares of Dawson Geophysical by 25.0% in the 1st quarter. Teton Advisors Inc. now owns 32,020 shares of the oil and gas company’s stock valued at $94,000 after acquiring an additional 6,400 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Dawson Geophysical by 46.2% in the 4th quarter. Rhumbline Advisers now owns 29,555 shares of the oil and gas company’s stock valued at $100,000 after acquiring an additional 9,339 shares during the last quarter. 70.56% of the stock is owned by institutional investors.
About Dawson Geophysical
Dawson Geophysical Company provides onshore seismic data acquisition services in the 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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