Dawson Geophysical (NASDAQ:DWSN) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Dawson Geophysical (NASDAQ:DWSN) from a buy rating to a hold rating in a report released on Saturday morning.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Dawson Geophysical in a report on Wednesday, July 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Dawson Geophysical has a consensus rating of “Hold”.

Dawson Geophysical Stock Up 0.3%

Dawson Geophysical stock opened at $3.42 on Friday. Dawson Geophysical has a twelve month low of $1.46 and a twelve month high of $7.85. The firm has a 50 day moving average price of $4.71 and a 200-day moving average price of $3.86. The company has a market capitalization of $106.21 million, a P/E ratio of 28.50 and a beta of -0.15. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.51.

Dawson Geophysical (NASDAQ:DWSN) last issued its quarterly earnings results on Thursday, August 13th. The oil and gas company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.02. The company had revenue of $17.91 million during the quarter, compared to analyst estimates of $39.60 million. Dawson Geophysical had a net margin of 3.49% and a return on equity of 19.56%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. HRT Financial LP purchased a new stake in shares of Dawson Geophysical during the fourth quarter worth $26,000. Virtu Financial LLC purchased a new position in shares of Dawson Geophysical in the fourth quarter valued at $29,000. Bridgeway Capital Management LLC grew its position in shares of Dawson Geophysical by 83.8% in 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. OMERS ADMINISTRATION Corp bought a new stake in shares of Dawson Geophysical during the 1st quarter valued at $40,000. Finally, Cetera Investment Advisers bought a new stake in shares of Dawson Geophysical during the 1st quarter valued at $41,000. 7.86% of the stock is currently 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.