Dawson Geophysical (NASDAQ:DWSN) Stock Price Passes Above 200 Day Moving Average of $0.00

Dawson Geophysical Co (NASDAQ:DWSN)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.00 and traded as high as $2.07. Dawson Geophysical shares last traded at $2.03, with a volume of 500 shares.

Several research analysts have recently weighed in on the stock. ValuEngine upgraded shares of Dawson Geophysical from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded shares of Dawson Geophysical from a “sell” rating to a “hold” rating in a research note on Monday, June 17th. Finally, Raymond James set a $4.00 price objective on shares of Dawson Geophysical and gave the stock a “buy” rating in a research note on Thursday, May 2nd.

The stock has a market cap of $49.23 million, a P/E ratio of -1.90 and a beta of 1.06. The firm has a 50 day moving average price of $2.38. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 0.09.

Dawson Geophysical (NASDAQ:DWSN) last released its quarterly earnings data on Thursday, August 1st. The oil and gas company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.41) by ($0.08). The firm had revenue of $24.08 million for the quarter, compared to analyst estimates of $24.91 million. Dawson Geophysical had a negative return on equity of 24.15% and a negative net margin of 19.79%. On average, analysts anticipate that Dawson Geophysical Co will post -0.87 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. Teton Advisors Inc. increased its stake in shares of Dawson Geophysical by 25.0% during the 1st quarter. Teton Advisors Inc. now owns 32,020 shares of the oil and gas company’s stock worth $94,000 after purchasing an additional 6,400 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Dawson Geophysical by 0.5% during the 4th quarter. BlackRock Inc. now owns 1,887,468 shares of the oil and gas company’s stock worth $6,378,000 after buying an additional 9,775 shares during the period. Two Sigma Investments LP bought a new stake in shares of Dawson Geophysical during the 4th quarter worth about $35,000. Bank of New York Mellon Corp boosted its holdings in shares of Dawson Geophysical by 8.3% during the 4th quarter. Bank of New York Mellon Corp now owns 145,447 shares of the oil and gas company’s stock worth $492,000 after buying an additional 11,184 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Dawson Geophysical by 7.3% during the 4th quarter. Geode Capital Management LLC now owns 199,675 shares of the oil and gas company’s stock worth $674,000 after buying an additional 13,525 shares during the period. Institutional investors own 68.03% of the company’s stock.

About Dawson Geophysical (NASDAQ:DWSN)

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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