Dawson Geophysical (NASDAQ:DWSN) Issues Earnings Results, Beats Estimates By $0.54 EPS

Dawson Geophysical (NASDAQ:DWSN) posted its quarterly earnings results on Thursday. The oil and gas company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.54, FiscalAI reports. Dawson Geophysical had a negative return on equity of 11.82% and a negative net margin of 2.57%.The company had revenue of $36.70 million for the quarter, compared to analysts’ expectations of $27.20 million.

Dawson Geophysical Price Performance

Shares of DWSN traded up $0.05 during mid-day trading on Friday, hitting $3.91. 560,392 shares of the stock were exchanged, compared to its average volume of 139,275. The company has a market cap of $121.41 million, a PE ratio of -55.86 and a beta of -0.13. Dawson Geophysical has a 52-week low of $1.18 and a 52-week high of $5.54. The firm has a 50-day moving average of $3.27 and a two-hundred day moving average of $2.52. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.81 and a current ratio of 0.81.

Institutional Trading of Dawson Geophysical

Hedge funds have recently modified their holdings of the company. Pinnacle Associates Ltd. raised its holdings in shares of Dawson Geophysical by 19.0% during the 3rd 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. Citadel Advisors LLC raised its holdings in shares of Dawson Geophysical by 67.9% during the 3rd 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. Jane Street Group LLC purchased a new stake in shares of Dawson Geophysical during the 2nd quarter worth approximately $52,000. Two Sigma Investments LP purchased a new stake in shares of Dawson Geophysical during the 3rd quarter worth approximately $52,000. Finally, Bridgeway Capital Management LLC raised its holdings 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. 7.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DWSN has been the topic of a number of research analyst reports. Wall Street Zen raised Dawson Geophysical from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. Weiss Ratings reissued 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, Based on data from MarketBeat.com, the company currently 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.