Dawson Geophysical (DWSN) Projected to Post Quarterly Earnings on Friday

Dawson Geophysical (NASDAQ:DWSN) is expected to issue its results before the market opens on Friday, March 27th. Analysts expect the company to announce earnings of $0.06 per share and revenue of $45.00 million for the quarter.

Dawson Geophysical Price Performance

DWSN stock traded up $0.25 during trading on Wednesday, reaching $2.75. The company’s stock had a trading volume of 78,197 shares, compared to its average volume of 133,179. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.43. The company’s fifty day moving average is $2.88 and its 200-day moving average is $2.21. The company has a market capitalization of $85.42 million, a P/E ratio of -23.11 and a beta of -0.17. Dawson Geophysical has a 1 year low of $1.08 and a 1 year high of $5.54.

Hedge Funds Weigh In On Dawson Geophysical

Several hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC grew its stake in Dawson Geophysical by 67.9% during the third quarter. Citadel Advisors LLC now owns 60,599 shares of the oil and gas company’s stock valued at $107,000 after acquiring an additional 24,504 shares in the last quarter. Pinnacle Associates Ltd. lifted its stake in Dawson Geophysical by 19.0% in the 3rd quarter. Pinnacle Associates Ltd. now owns 52,360 shares of the oil and gas company’s stock worth $92,000 after purchasing an additional 8,360 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Dawson Geophysical during the 2nd quarter valued at about $52,000. Two Sigma Investments LP bought a new position in shares of Dawson Geophysical during the 3rd quarter valued at about $52,000. Finally, Bridgeway Capital Management LLC grew its position in shares of Dawson Geophysical by 83.8% during the fourth quarter. Bridgeway Capital Management LLC now owns 21,710 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 9,900 shares in the last quarter. Hedge funds and other institutional investors own 7.86% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed 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, Based on data from MarketBeat, the company has an average rating of “Hold”.

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.