Dawson Geophysical (NASDAQ:DWSN) Cut to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded Dawson Geophysical from “Buy” to “Hold,” while Weiss Ratings maintained a “Hold (C)” rating; the stock’s consensus rating is currently “Hold.”
• Dawson Geophysical reported a quarterly loss of $0.11 per share, slightly better than the expected $0.13 loss, but revenue of $17.91 million fell well short of the $39.60 million consensus estimate.
• Institutional investors have shown some buying interest, but they collectively own only 7.86% of the company. Shares opened at $3.41, with a market capitalization of approximately $105.9 million and a 12-month trading range of $1.45 to $7.85.

Dawson Geophysical (NASDAQ:DWSN - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

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

Dawson Geophysical Trading Up 13.7%

Shares of NASDAQ:DWSN opened at $3.41 on Friday. The firm has a fifty day moving average of $4.73 and a two-hundred day moving average of $3.84. The firm has a market capitalization of $105.90 million, a P/E ratio of 28.42 and a beta of -0.15. Dawson Geophysical has a 12-month low of $1.45 and a 12-month high of $7.85. The company has a quick ratio of 1.01, a current ratio of 0.87 and a debt-to-equity ratio of 0.51.

Dawson Geophysical (NASDAQ:DWSN - Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The oil and gas company reported ($0.11) earnings per share for the quarter, topping analysts' consensus estimates of ($0.13) by $0.02. Dawson Geophysical had a net margin of 3.49% and a return on equity of 19.56%. The business had revenue of $17.91 million for the quarter, compared to the consensus estimate of $39.60 million.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. HRT Financial LP bought a new position in Dawson Geophysical in the 4th quarter worth approximately $26,000. Virtu Financial LLC bought a new stake in shares of Dawson Geophysical in the fourth quarter valued at approximately $29,000. Bridgeway Capital Management LLC grew its stake in shares of Dawson Geophysical by 83.8% in the fourth quarter. Bridgeway Capital Management LLC now owns 21,710 shares of the oil and gas company's stock worth $34,000 after acquiring an additional 9,900 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in shares of Dawson Geophysical in the first quarter worth $40,000. Finally, Cetera Investment Advisers bought a new position in Dawson Geophysical during the first quarter worth $41,000. 7.86% of the stock is currently owned by institutional investors and hedge funds.

Dawson Geophysical Company Profile

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.

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