Dawson Geophysical Company (NASDAQ:DWSN - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.42 and traded as high as $3.36. Dawson Geophysical shares last traded at $3.31, with a volume of 67,489 shares.
Analysts Set New Price Targets
Several research analysts have recently weighed in on DWSN shares. Wall Street Zen upgraded shares of Dawson Geophysical from a "hold" rating to a "buy" rating in a research note on Sunday, April 5th. Weiss Ratings restated a "hold (c-)" rating on shares of Dawson Geophysical in a research note on Friday, March 27th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of "Hold".
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Dawson Geophysical Stock Performance
The firm has a market cap of $102.79 million, a price-to-earnings ratio of -47.29 and a beta of -0.12. The stock's 50 day moving average is $3.23 and its 200 day moving average is $2.42. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.72.
Dawson Geophysical (NASDAQ:DWSN - Get Free Report) last announced its quarterly earnings results on Monday, March 30th. The oil and gas company reported $0.02 EPS 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 11.82%. The company had revenue of $26.95 million during the quarter, compared to analyst estimates of $45.00 million.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new position in Dawson Geophysical in the 4th quarter valued at about $29,000. Bridgeway Capital Management LLC grew its stake 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 buying an additional 9,900 shares during the last quarter. HRT Financial LP acquired a new position in Dawson Geophysical in the 4th quarter valued at about $26,000. Citadel Advisors LLC grew its stake in Dawson Geophysical by 67.9% in the 3rd 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 last quarter. Finally, Two Sigma Investments LP bought a new stake in Dawson Geophysical in the 3rd quarter valued at about $52,000. Institutional investors and hedge funds own 7.86% of the company's stock.
About Dawson Geophysical
(
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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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