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. “
NASDAQ:DWSN traded down $0.10 during midday trading on Friday, hitting $2.73. 145,984 shares of the stock were exchanged, compared to its average volume of 77,657. Dawson Geophysical has a one year low of $2.67 and a one year high of $8.40. The stock has a market cap of $65.26 million, a price-to-earnings ratio of -2.55 and a beta of 1.01. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.82 and a quick ratio of 2.82.
In other Dawson Geophysical news, EVP James W. Thomas purchased 13,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were purchased at an average price of $3.12 per share, for a total transaction of $40,560.00. Following the completion of the transaction, the executive vice president now owns 59,400 shares in the company, valued at approximately $185,328. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 7.24% of the company’s stock.
A number of institutional investors have recently bought and sold shares of DWSN. Salem Investment Counselors Inc. acquired a new position in Dawson Geophysical in the fourth quarter worth approximately $1,231,000. Grace & White Inc. NY grew its position in Dawson Geophysical by 19.0% in the fourth quarter. Grace & White Inc. NY now owns 1,289,864 shares of the oil and gas company’s stock worth $4,360,000 after buying an additional 206,197 shares during the last quarter. Wedge Capital Management L L P NC grew its position in Dawson Geophysical by 35.1% in the fourth quarter. Wedge Capital Management L L P NC now owns 269,127 shares of the oil and gas company’s stock worth $910,000 after buying an additional 69,924 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Dawson Geophysical by 3.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,724,353 shares of the oil and gas company’s stock worth $10,674,000 after buying an additional 63,732 shares during the last quarter. Finally, Morgan Stanley grew its position in Dawson Geophysical by 22.2% in the third quarter. Morgan Stanley now owns 245,671 shares of the oil and gas company’s stock worth $1,521,000 after buying an additional 44,617 shares during the last quarter. Hedge funds and other institutional investors own 68.35% of the company’s stock.
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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