Dawson Geophysical Company (NASDAQ:DWSN) Stock Short Interest Report for October

Key Points

• Short interest fell 36.4% in October to 119,448 shares, representing about 0.4% of Dawson Geophysical’s outstanding stock and a short-interest ratio of 0.9 days.
• Analyst sentiment remains cautious: ratings were downgraded by Wall Street Zen and Weiss Ratings, while the overall consensus is “Hold.”
• DWSN shares traded near $1.82, well below their 52-week high of $7.85. The company beat quarterly EPS expectations but reported revenue of $17.91 million versus the $39.60 million analyst consensus.

Dawson Geophysical Company (NASDAQ:DWSN - Get Free Report) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 119,448 shares, a drop of 36.4% from the September 30th total of 187,886 shares. Approximately 0.4% of the company's stock are short sold. Based on an average daily volume of 132,878 shares, the short-interest ratio is currently 0.9 days.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DWSN shares. Wall Street Zen cut shares of Dawson Geophysical from a "buy" rating to a "hold" rating in a research report on Saturday, August 22nd. Weiss Ratings lowered shares of Dawson Geophysical from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, August 21st. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

Hedge Funds Weigh In On Dawson Geophysical

A number of institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC purchased a new stake in Dawson Geophysical in the 2nd quarter valued at $27,000. Pin Oak Investment Advisors Inc. acquired a new position in shares of Dawson Geophysical during the 2nd quarter valued at about $42,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Dawson Geophysical in the first quarter valued at about $40,000. Cetera Investment Advisers acquired a new stake in Dawson Geophysical during the first quarter worth about $41,000. Finally, Sanders Morris Harris LLC acquired a new stake in Dawson Geophysical during the second quarter worth about $119,000. Hedge funds and other institutional investors own 7.86% of the company's stock.

Dawson Geophysical Stock Performance

NASDAQ DWSN traded down $0.01 during trading hours on Monday, reaching $1.82. The stock had a trading volume of 20,900 shares, compared to its average volume of 143,247. The stock has a fifty day moving average of $2.83 and a 200 day moving average of $3.47. The stock has a market cap of $56.68 million, a P/E ratio of 15.21 and a beta of 0.12. Dawson Geophysical has a 52-week low of $1.50 and a 52-week high of $7.85. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 0.87.

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

About Dawson Geophysical

Dawson Geophysical Company is a provider of onshore seismic data acquisition services for the energy industry. Its work helps oil and natural gas companies evaluate subsurface formations and identify potential drilling opportunities.

The company has historically offered 2D and 3D seismic surveys, as well as related field services, data processing and geophysical support. Its operations have focused primarily on land-based projects in the United States and Canada, serving exploration and production companies, geophysical contractors and other energy-sector customers.

Founded in 1952 and headquartered in Midland, Texas, Dawson Geophysical has operated through changing conditions in the oil and gas exploration market.

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