TheStreet Downgrades Dawson Geophysical (DWSN) to D+

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Dawson Geophysical (NASDAQ:DWSN) was downgraded by analysts at TheStreet from a “c-” rating to a “d+” rating in a note issued to investors on Thursday.

DWSN has been the subject of several other research reports. Zacks Investment Research upgraded Dawson Geophysical from a “hold” rating to a “buy” rating and set a $6.25 target price for the company in a research report on Tuesday, November 6th. ValuEngine upgraded Dawson Geophysical from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd.

DWSN opened at $3.56 on Thursday. The stock has a market capitalization of $82.83 million, a P/E ratio of -2.60 and a beta of 1.01. Dawson Geophysical has a 12 month low of $3.50 and a 12 month high of $8.40. The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 0.06.

Dawson Geophysical (NASDAQ:DWSN) last released its quarterly earnings results on Thursday, November 1st. The oil and gas company reported ($0.23) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.02. The company had revenue of $40.45 million during the quarter, compared to analyst estimates of $32.13 million. Dawson Geophysical had a negative return on equity of 12.60% and a negative net margin of 10.35%. Analysts anticipate that Dawson Geophysical will post -0.73 earnings per share for the current year.

Several large investors have recently made changes to their positions in DWSN. Trexquant Investment LP purchased a new position in shares of Dawson Geophysical during the third quarter valued at approximately $106,000. Rhumbline Advisers purchased a new position in shares of Dawson Geophysical during the second quarter valued at approximately $156,000. Russell Investments Group Ltd. boosted its position in shares of Dawson Geophysical by 815.9% during the second quarter. Russell Investments Group Ltd. now owns 24,272 shares of the oil and gas company’s stock valued at $191,000 after buying an additional 21,622 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Dawson Geophysical by 288.9% during the third quarter. JPMorgan Chase & Co. now owns 36,281 shares of the oil and gas company’s stock valued at $224,000 after buying an additional 26,951 shares during the period. Finally, Ironwood Investment Management LLC purchased a new position in shares of Dawson Geophysical during the third quarter valued at approximately $306,000. Institutional investors and hedge funds own 69.37% of the company’s stock.

Dawson Geophysical Company Profile

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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