Zacks: Dawson Geophysical Co (NASDAQ:DWSN) Given Average Rating of “Buy” by Brokerages

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Shares of Dawson Geophysical Co (NASDAQ:DWSN) have been assigned a consensus broker rating score of 2.00 (Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy rating.

Analysts have set a 1 year consensus price objective of $4.00 for the company and are forecasting that the company will post ($0.41) earnings per share for the current quarter, according to Zacks. Zacks has also given Dawson Geophysical an industry rank of 144 out of 256 based on the ratings given to its competitors.

A number of brokerages have recently weighed in on DWSN. Raymond James set a $4.00 price objective on shares of Dawson Geophysical and gave the stock a “buy” rating in a report on Thursday, May 2nd. Zacks Investment Research upgraded shares of Dawson Geophysical from a “sell” rating to a “hold” rating in a report on Monday. Finally, ValuEngine lowered shares of Dawson Geophysical from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st.

Several institutional investors and 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 worth approximately $35,000. SG Americas Securities LLC bought a new stake in shares of Dawson Geophysical in the 1st quarter worth approximately $43,000. Teton Advisors Inc. lifted its holdings 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 worth $94,000 after acquiring an additional 6,400 shares during the last quarter. Rhumbline Advisers raised its holdings in Dawson Geophysical by 46.2% during the 4th quarter. Rhumbline Advisers now owns 29,555 shares of the oil and gas company’s stock valued at $100,000 after buying an additional 9,339 shares during the last quarter. Finally, Ironwood Investment Management LLC bought a new stake in Dawson Geophysical during the 1st quarter valued at $124,000. Hedge funds and other institutional investors own 66.92% of the company’s stock.

NASDAQ:DWSN traded down $0.02 during mid-day trading on Thursday, hitting $2.28. 2,018 shares of the stock traded hands, compared to its average volume of 164,986. The stock has a market cap of $51.90 million, a P/E ratio of -2.12 and a beta of 1.12. Dawson Geophysical has a 12-month low of $2.01 and a 12-month high of $8.40. The company has a current ratio of 3.04, a quick ratio of 3.04 and a debt-to-equity ratio of 0.10.

Dawson Geophysical (NASDAQ:DWSN) last issued its quarterly earnings data on Wednesday, May 1st. The oil and gas company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.24. The company had revenue of $51.16 million during the quarter, compared to analysts’ expectations of $38.05 million. Dawson Geophysical had a negative net margin of 14.69% and a negative return on equity of 18.36%. On average, equities analysts forecast that Dawson Geophysical will post -0.85 earnings per share for the current fiscal year.

Dawson Geophysical Company Profile

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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