Dawson Geophysical (NASDAQ:DWSN) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Dawson Geophysical (NASDAQ:DWSN) released its earnings results on Thursday. The oil and gas company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.02, Zacks reports. Dawson Geophysical had a net margin of 4.91% and a return on equity of 26.74%. The firm had revenue of $17.91 million for the quarter, compared to analysts’ expectations of $39.60 million.

Dawson Geophysical Stock Up 4.1%

DWSN opened at $4.56 on Friday. Dawson Geophysical has a 12 month low of $1.26 and a 12 month high of $7.85. The company has a market cap of $141.59 million, a PE ratio of 30.40 and a beta of -0.15. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.50. The company has a 50 day moving average of $4.90 and a 200 day moving average of $3.81.

Hedge Funds Weigh In On Dawson Geophysical

A number of large investors have recently made changes to their positions in the stock. HRT Financial LP bought a new stake in shares of Dawson Geophysical during the 4th quarter valued at $26,000. Virtu Financial LLC bought a new position in shares of Dawson Geophysical in the fourth quarter valued at approximately $29,000. Bridgeway Capital Management LLC grew its stake in 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 acquiring an additional 9,900 shares in the last quarter. Jane Street Group LLC purchased a new position in Dawson Geophysical during the second quarter valued at approximately $52,000. Finally, Two Sigma Investments LP bought a new stake in Dawson Geophysical during the 3rd quarter worth approximately $52,000. 7.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Dawson Geophysical in a research note on Wednesday, July 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About Dawson Geophysical

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.