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

Key Points

• Wall Street Zen upgraded Dawson Geophysical to a "Hold" and Weiss Ratings reaffirmed a "hold (c-)", leaving the consensus rating at Hold.
• Shares rose about 7.3%, opening at $3.25; the stock has a 12‑month range of $1.08–$5.54, a market cap of $100.9M and a negative P/E of -27.08.
• Several institutions (Grace & White, Citadel, Pinnacle, Jane Street, Two Sigma) added or initiated positions recently, but institutional investors own only 7.86% of the company.

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

Separately, Weiss Ratings restated a "hold (c-)" rating on shares of Dawson Geophysical in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold".

Dawson Geophysical Trading Up 7.3%

NASDAQ DWSN opened at $3.25 on Friday. Dawson Geophysical has a 12 month low of $1.08 and a 12 month high of $5.54. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The stock has a 50 day moving average of $2.95 and a 200-day moving average of $2.23. The company has a market cap of $100.91 million, a PE ratio of -27.08 and a beta of -0.17.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Grace & White Inc. NY lifted its holdings in Dawson Geophysical by 5.0% during the 3rd quarter. Grace & White Inc. NY now owns 909,879 shares of the oil and gas company's stock valued at $1,601,000 after purchasing an additional 43,457 shares during the last quarter. Citadel Advisors LLC increased its holdings in shares of Dawson Geophysical by 67.9% in the third quarter. Citadel Advisors LLC now owns 60,599 shares of the oil and gas company's stock valued at $107,000 after purchasing an additional 24,504 shares during the last quarter. Pinnacle Associates Ltd. raised its position in shares of Dawson Geophysical by 19.0% in the third quarter. Pinnacle Associates Ltd. now owns 52,360 shares of the oil and gas company's stock valued at $92,000 after purchasing an additional 8,360 shares during the period. Jane Street Group LLC acquired a new stake in shares of Dawson Geophysical during the 2nd quarter worth about $52,000. Finally, Two Sigma Investments LP acquired a new stake in shares of Dawson Geophysical during the 3rd quarter worth about $52,000. 7.86% of the stock is 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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