Zacks: Dawson Geophysical Co (NASDAQ:DWSN) Given $4.00 Consensus Target Price by Brokerages

Dawson Geophysical Co (NASDAQ:DWSN) has earned an average broker rating score of 2.00 (Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation.

Brokers have set a one year consensus price objective of $4.00 for the company and are forecasting that the company will post ($0.16) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Dawson Geophysical an industry rank of 202 out of 255 based on the ratings given to related companies.

A number of research firms recently issued reports on DWSN. ValuEngine upgraded Dawson Geophysical from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded Dawson Geophysical from a “sell” rating to a “hold” rating in a research note on Monday, June 17th.

Several hedge funds have recently made changes to their positions in DWSN. SG Americas Securities LLC acquired a new position in Dawson Geophysical during the first quarter worth $43,000. Pinnacle Associates Ltd. lifted its position in Dawson Geophysical by 238.1% during the 2nd quarter. Pinnacle Associates Ltd. now owns 34,080 shares of the oil and gas company’s stock worth $85,000 after buying an additional 24,000 shares in the last quarter. Paloma Partners Management Co bought a new stake in Dawson Geophysical during the 2nd quarter worth about $209,000. Shepherd Kaplan Krochuk LLC lifted its position in Dawson Geophysical by 256.1% during the 2nd quarter. Shepherd Kaplan Krochuk LLC now owns 92,000 shares of the oil and gas company’s stock worth $230,000 after buying an additional 66,167 shares in the last quarter. Finally, Moors & Cabot Inc. lifted its position in Dawson Geophysical by 29.5% during the 2nd quarter. Moors & Cabot Inc. now owns 93,263 shares of the oil and gas company’s stock worth $237,000 after buying an additional 21,262 shares in the last quarter. Institutional investors own 59.96% of the company’s stock.

DWSN traded up $0.06 during mid-day trading on Friday, hitting $2.13. 87 shares of the stock were exchanged, compared to its average volume of 75,194. The firm’s fifty day moving average is $2.10 and its two-hundred day moving average is $2.37. Dawson Geophysical has a 1-year low of $1.90 and a 1-year high of $6.36. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 0.09. The company has a market cap of $48.76 million, a PE ratio of -1.99 and a beta of 1.09.

Dawson Geophysical (NASDAQ:DWSN) last posted its quarterly earnings results on Thursday, August 1st. The oil and gas company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.08). The company had revenue of $24.08 million during the quarter, compared to analyst estimates of $24.91 million. Dawson Geophysical had a negative net margin of 19.79% and a negative return on equity of 24.15%. As a group, research analysts anticipate that Dawson Geophysical will post -0.87 earnings per share for the current year.

About Dawson Geophysical

Dawson Geophysical Company provides onshore seismic data acquisition services in the United States and Canada. The company acquires and processes 2-D, 3-D, and multi-component seismic data for its clients, including oil and gas companies, and independent oil and gas operators, as well as providers of multi-client data libraries.

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