Dawson Geophysical (NASDAQ:DWSN) released its quarterly earnings data on Wednesday, May 1st. The oil and gas company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.24, MarketWatch Earnings reports. Dawson Geophysical had a negative net margin of 14.69% and a negative return on equity of 18.36%. The firm had revenue of $51.16 million for the quarter, compared to analyst estimates of $38.05 million.
Shares of DWSN traded down $0.05 during trading hours on Friday, reaching $2.33. 59,900 shares of the stock traded hands, compared to its average volume of 95,699. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.04 and a quick ratio of 3.04. Dawson Geophysical has a 52 week low of $2.20 and a 52 week high of $8.40. The firm has a market capitalization of $53.99 million, a P/E ratio of -2.18 and a beta of 0.98.
DWSN has been the topic of a number of recent research reports. Raymond James set a $4.00 price objective on shares of Dawson Geophysical and gave the company a “buy” rating in a research note on Thursday, May 2nd. Zacks Investment Research raised shares of Dawson Geophysical from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 13th. Finally, ValuEngine lowered shares of Dawson Geophysical from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Two Sigma Investments LP bought a new position in shares of Dawson Geophysical during the fourth quarter valued at about $35,000. Virtu Financial LLC purchased a new stake in Dawson Geophysical during the fourth quarter worth about $41,000. SG Americas Securities LLC purchased a new stake in Dawson Geophysical during the first quarter worth about $43,000. Teton Advisors Inc. increased its holdings in Dawson Geophysical by 25.0% during the first quarter. Teton Advisors Inc. now owns 32,020 shares of the oil and gas company’s stock worth $94,000 after buying an additional 6,400 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in Dawson Geophysical by 46.2% during the fourth quarter. Rhumbline Advisers now owns 29,555 shares of the oil and gas company’s stock worth $100,000 after buying an additional 9,339 shares during the last quarter. 70.56% of the stock is currently owned by institutional investors.
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About Dawson Geophysical
Dawson Geophysical Company provides onshore seismic data acquisition services in the United States and Canada. The company acquires and processes 2-D, 3-D, and multi-component seismic data for its clients, including oil and gas companies, and independent oil and gas operators, as well as providers of multi-client data libraries.
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