Dawson Geophysical (NASDAQ:DWSN) Rating Increased to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Dawson Geophysical from "Hold" to "Buy", though Weiss Ratings reissued a "Hold (c-)" and the MarketBeat consensus remains a "Hold".
• The company reported weak quarterly results, missing EPS ($0.02 vs. $0.06 expected) and revenue ($26.95M vs. $45.0M expected), and posted a negative net margin (−2.57%) and negative ROE (−11.67%).
• Valuation and trading: shares traded around $2.99 with a market cap of about $92.8M, a negative P/E (−42.7) and a one‑year range of $1.08–$5.54, while institutional ownership is roughly 7.9%.

Dawson Geophysical (NASDAQ:DWSN - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Sunday.

Separately, Weiss Ratings reissued a "hold (c-)" rating on shares of Dawson Geophysical in a research report on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold".

Dawson Geophysical Price Performance

Shares of Dawson Geophysical stock opened at $2.99 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.80 and a quick ratio of 0.80. Dawson Geophysical has a one year low of $1.08 and a one year high of $5.54. The business's 50 day simple moving average is $3.03 and its two-hundred day simple moving average is $2.28. The stock has a market capitalization of $92.84 million, a P/E ratio of -42.71 and a beta of -0.12.

Dawson Geophysical (NASDAQ:DWSN - Get Free Report) last released its quarterly earnings data on Monday, March 30th. The oil and gas company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.04). Dawson Geophysical had a negative net margin of 2.57% and a negative return on equity of 11.67%. The company had revenue of $26.95 million for the quarter, compared to analysts' expectations of $45.00 million.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in shares of Dawson Geophysical during the fourth quarter valued at approximately $29,000. Bridgeway Capital Management LLC raised its holdings in 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 purchasing an additional 9,900 shares in the last quarter. HRT Financial LP purchased a new position in Dawson Geophysical during the fourth quarter valued at $26,000. Citadel Advisors LLC lifted its position in 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 valued at $107,000 after buying an additional 24,504 shares during the period. Finally, Two Sigma Investments LP bought a new stake in shares of Dawson Geophysical during the 3rd quarter valued at $52,000. Institutional investors own 7.86% of the company's stock.

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.

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