Dawson Geophysical (NASDAQ:DWSN) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of Dawson Geophysical (NASDAQ:DWSN) from a hold rating to a buy rating in a report published on Sunday.

Separately, Weiss Ratings reiterated 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, Dawson Geophysical currently has a consensus rating of “Hold”.

Dawson Geophysical Price Performance

Shares of NASDAQ DWSN opened at $2.99 on Friday. The business has a fifty day moving average price of $3.03 and a two-hundred day moving average price of $2.28. The stock has a market capitalization of $92.84 million, a PE ratio of -42.71 and a beta of -0.12. 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 fifty-two week low of $1.08 and a fifty-two week high of $5.54.

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

Institutional Investors Weigh In On Dawson Geophysical

A number of large investors have recently modified their holdings of DWSN. HRT Financial LP bought a new position in shares of Dawson Geophysical in the 4th quarter valued at $26,000. Jane Street Group LLC bought a new stake in shares of Dawson Geophysical during the 2nd quarter worth $52,000. Pinnacle Associates Ltd. boosted its stake in 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 buying an additional 8,360 shares in the last quarter. Citadel Advisors LLC boosted its stake in 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 buying an additional 24,504 shares in the last quarter. Finally, Two Sigma Investments LP bought a new position in Dawson Geophysical in the third quarter valued at about $52,000. Institutional investors and hedge funds own 7.86% of the company’s stock.

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.