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

Dawson Geophysical (NASDAQ:DWSN) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday.

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Dawson Geophysical in a report on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Dawson Geophysical Trading Down 2.0%

Shares of NASDAQ:DWSN opened at $2.93 on Friday. The company has a market cap of $90.98 million, a PE ratio of -41.86 and a beta of -0.12. The company’s 50-day moving average price is $3.04 and its 200 day moving average price is $2.29. Dawson Geophysical has a fifty-two week low of $1.08 and a fifty-two week high of $5.54. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.43.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Grace & White Inc. NY increased its position in shares of Dawson Geophysical by 5.0% in the third quarter. Grace & White Inc. NY now owns 909,879 shares of the oil and gas company’s stock worth $1,601,000 after acquiring an additional 43,457 shares in the last quarter. Citadel Advisors LLC increased its position in shares of 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 worth $107,000 after acquiring an additional 24,504 shares in the last quarter. Pinnacle Associates Ltd. increased its position in shares of 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 worth $92,000 after acquiring an additional 8,360 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Dawson Geophysical in the second quarter worth approximately $52,000. Finally, Two Sigma Investments LP purchased a new position in shares of Dawson Geophysical in the third quarter worth approximately $52,000. 7.86% of the stock is owned by hedge funds and other institutional investors.

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.