Zacks Investment Research upgraded shares of Dawson Geophysical (NASDAQ:DWSN) from a sell rating to a hold rating in a research note issued to investors on Wednesday.
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. “
Several other brokerages have also recently commented on DWSN. ValuEngine cut Dawson Geophysical from a buy rating to a hold rating in a report on Thursday, November 1st. TheStreet cut Dawson Geophysical from a c- rating to a d+ rating in a report on Thursday, December 6th.
Shares of DWSN stock opened at $3.46 on Wednesday. Dawson Geophysical has a one year low of $3.04 and a one year high of $8.40. The company has a market capitalization of $86.04 million, a P/E ratio of -3.23 and a beta of 1.05. The company has a current ratio of 3.46, a quick ratio of 3.46 and a debt-to-equity ratio of 0.06.
Dawson Geophysical (NASDAQ:DWSN) last announced its earnings results on Thursday, February 28th. The oil and gas company reported ($0.51) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by ($0.31). Dawson Geophysical had a negative net margin of 10.35% and a negative return on equity of 12.60%. As a group, sell-side analysts anticipate that Dawson Geophysical will post -0.68 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. Two Sigma Investments LP bought a new stake in Dawson Geophysical in the fourth quarter valued at approximately $35,000. Virtu Financial LLC bought a new position in shares of Dawson Geophysical during the 4th quarter worth approximately $41,000. Rhumbline Advisers boosted its holdings in shares of Dawson Geophysical by 46.2% during the 4th quarter. Rhumbline Advisers now owns 29,555 shares of the oil and gas company’s stock worth $100,000 after buying an additional 9,339 shares in the last quarter. Trexquant Investment LP bought a new position in shares of Dawson Geophysical during the 3rd quarter worth approximately $106,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Dawson Geophysical by 288.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 36,281 shares of the oil and gas company’s stock worth $224,000 after buying an additional 26,951 shares in the last quarter. Institutional investors and hedge funds own 66.07% 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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