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

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

Analysts have set a twelve-month consensus target price of $4.00 for the company and are expecting 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 213 out of 256 based on the ratings given to related companies.

DWSN has been the subject of several research reports. Raymond James set a $4.00 price target on shares of Dawson Geophysical and gave the stock a “buy” rating in a research note on Thursday, May 2nd. 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, ValuEngine upgraded shares of Dawson Geophysical from a “sell” rating to a “hold” rating in a research note on Thursday.

Shares of NASDAQ:DWSN traded up $0.06 during trading on Thursday, hitting $2.44. The company’s stock had a trading volume of 42,276 shares, compared to its average volume of 115,656. The firm’s 50 day simple moving average is $2.37. The stock has a market cap of $56.54 million, a P/E ratio of -2.28 and a beta of 1.14. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.04 and a quick ratio of 3.04. Dawson Geophysical has a fifty-two week low of $2.01 and a fifty-two week high of $7.99.

Dawson Geophysical (NASDAQ:DWSN) last posted its quarterly earnings results on Wednesday, May 1st. The oil and gas company reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.24. The business had revenue of $51.16 million during the quarter, compared to the consensus estimate 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 predict that Dawson Geophysical will post -0.85 earnings per share for the current year.

Several hedge funds have recently modified their holdings of the stock. Wedge Capital Management L L P NC grew its stake in shares of Dawson Geophysical by 34.9% during the second quarter. Wedge Capital Management L L P NC now owns 447,249 shares of the oil and gas company’s stock worth $1,118,000 after purchasing an additional 115,805 shares in the last quarter. Grace & White Inc. NY grew its stake in shares of Dawson Geophysical by 8.2% during the second quarter. Grace & White Inc. NY now owns 1,460,072 shares of the oil and gas company’s stock worth $3,650,000 after purchasing an additional 110,189 shares in the last quarter. Moors & Cabot Inc. grew its stake in shares of Dawson Geophysical by 29.5% during the second quarter. Moors & Cabot Inc. now owns 93,263 shares of the oil and gas company’s stock worth $237,000 after purchasing an additional 21,262 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Dawson Geophysical by 15.4% during the first quarter. Acadian Asset Management LLC now owns 138,285 shares of the oil and gas company’s stock worth $406,000 after purchasing an additional 18,464 shares in the last quarter. Finally, Ironwood Investment Management LLC acquired a new position in shares of Dawson Geophysical during the first quarter worth $124,000. Hedge funds and other institutional investors own 67.49% of the company’s stock.

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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