Dawson Geophysical (NASDAQ:DWSN) Announces Earnings Results

Key Points

• Dawson Geophysical reported quarterly EPS of ($0.11), beating the consensus estimate of ($0.13) by $0.02. The company posted a 4.91% net margin and 26.74% return on equity.
• DWSN shares rose 4.1% to $4.56 following the earnings announcement, though trading volume remained below average. The stock has ranged from $1.26 to $7.85 over the past year.
• Institutional investors own 7.86% of Dawson Geophysical, with several hedge funds increasing their positions. The sole tracked analyst maintained a “Hold” rating, leaving the stock with a consensus Hold recommendation.

Dawson Geophysical (NASDAQ:DWSN - Get Free Report) announced its earnings results on Thursday. The oil and gas company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.02, Zacks reports. Dawson Geophysical had a net margin of 4.91% and a return on equity of 26.74%.

Dawson Geophysical Stock Up 4.1%

Shares of DWSN stock traded up $0.18 during trading on Thursday, reaching $4.56. The company's stock had a trading volume of 55,924 shares, compared to its average volume of 151,750. Dawson Geophysical has a 1-year low of $1.26 and a 1-year high of $7.85. The stock's 50-day moving average price is $4.90 and its 200 day moving average price is $3.80. The company has a market capitalization of $141.59 million, a price-to-earnings ratio of 30.40 and a beta of -0.15. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.01 and a quick ratio of 1.01.

Hedge Funds Weigh In On Dawson Geophysical

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DWSN. Pinnacle Associates Ltd. increased its holdings in Dawson Geophysical by 19.0% during the 3rd quarter. Pinnacle Associates Ltd. now owns 52,360 shares of the oil and gas company's stock worth $92,000 after purchasing an additional 8,360 shares during the period. Bridgeway Capital Management LLC raised its position in Dawson Geophysical by 83.8% in the 4th quarter. Bridgeway Capital Management LLC now owns 21,710 shares of the oil and gas company's stock valued at $34,000 after purchasing an additional 9,900 shares in the last quarter. HRT Financial LP purchased a new position in shares of Dawson Geophysical in the 4th quarter valued at about $26,000. Virtu Financial LLC purchased a new position in shares of Dawson Geophysical in the 4th quarter valued at about $29,000. Finally, Citadel Advisors LLC grew its position in shares of Dawson Geophysical by 67.9% during the third quarter. Citadel Advisors LLC now owns 60,599 shares of the oil and gas company's stock worth $107,000 after buying an additional 24,504 shares in the last quarter. Hedge funds and other institutional investors own 7.86% of the company's stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Dawson Geophysical in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

About Dawson Geophysical

Dawson Geophysical Company provides land-based seismic data acquisition services to the oil and gas industry. Through its subsidiaries, the company specializes in the design, deployment and operation of seismic crews that collect high-fidelity subsurface data. Its services support exploration and development programs by delivering two-dimensional (2D), three-dimensional (3D) and time-lapse (4D) seismic surveys that enable clients to make informed drilling and reservoir management decisions.

The company's fleet includes vibratory and impulsive seismic sources, high-capacity source trucks, geophone sensor arrays and digital recording systems.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source