Dawson Geophysical (NASDAQ:DWSN) Posts Earnings Results, Misses Expectations By $0.04 EPS

Dawson Geophysical (NASDAQ:DWSN) posted its quarterly earnings data on Monday. The oil and gas company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04), FiscalAI reports. Dawson Geophysical had a negative return on equity of 19.72% and a negative net margin of 5.15%.The company had revenue of $26.95 million for the quarter, compared to analysts’ expectations of $45.00 million.

Dawson Geophysical Price Performance

Shares of DWSN opened at $2.64 on Tuesday. The firm has a market capitalization of $81.97 million, a price-to-earnings ratio of -22.00 and a beta of -0.18. The firm’s fifty day simple moving average is $2.96 and its 200-day simple moving average is $2.24. Dawson Geophysical has a twelve month low of $1.08 and a twelve month high of $5.54. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43.

Hedge Funds Weigh In On Dawson Geophysical

Several large investors have recently bought and sold shares of DWSN. HRT Financial LP purchased a new stake in Dawson Geophysical during the 4th quarter worth about $26,000. Virtu Financial LLC acquired a new stake in shares of Dawson Geophysical during the 4th quarter worth about $29,000. Bridgeway Capital Management LLC raised its position in shares of Dawson Geophysical by 83.8% during the 4th quarter. Bridgeway Capital Management LLC now owns 21,710 shares of the oil and gas company’s stock worth $34,000 after acquiring an additional 9,900 shares in the last quarter. Two Sigma Investments LP purchased a new stake in Dawson Geophysical during the third quarter worth approximately $52,000. Finally, Jane Street Group LLC acquired a new position in Dawson Geophysical in the second quarter valued at approximately $52,000. Hedge funds and other institutional investors own 7.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Wall Street Zen raised Dawson Geophysical to a “hold” rating in a research report on Saturday. Weiss Ratings reissued a “hold (c-)” rating on shares of Dawson Geophysical in a research note on Friday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock 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.