Dawson Geophysical Co (NASDAQ:DWSN) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totalling 331,400 shares, a decline of 22.7% from the June 30th total of 428,700 shares. Based on an average daily trading volume, of 141,000 shares, the days-to-cover ratio is presently 2.4 days. Approximately 1.6% of the shares of the stock are sold short.
Several research firms have recently commented on DWSN. ValuEngine raised shares of Dawson Geophysical from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research raised shares of Dawson Geophysical from a “sell” rating to a “hold” rating in a report on Monday, June 17th. Finally, Raymond James set a $4.00 target price on shares of Dawson Geophysical and gave the stock a “buy” rating in a report on Thursday, May 2nd.
Institutional investors have recently added to or reduced their stakes in the stock. Two Sigma Investments LP purchased a new stake in Dawson Geophysical during the fourth quarter valued at $35,000. SG Americas Securities LLC purchased a new stake in Dawson Geophysical during the first quarter valued at $43,000. Pinnacle Associates Ltd. raised its stake in Dawson Geophysical by 238.1% during the second quarter. Pinnacle Associates Ltd. now owns 34,080 shares of the oil and gas company’s stock valued at $85,000 after purchasing an additional 24,000 shares in the last quarter. Teton Advisors Inc. raised its stake 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 valued at $94,000 after purchasing an additional 6,400 shares in the last quarter. Finally, Ironwood Investment Management LLC purchased a new stake in Dawson Geophysical during the first quarter valued at $124,000. 67.42% of the stock is currently owned by institutional investors.
Shares of DWSN stock traded down $0.10 during mid-day trading on Monday, hitting $2.02. The company had a trading volume of 48,917 shares, compared to its average volume of 70,345. Dawson Geophysical has a 52-week low of $2.01 and a 52-week high of $6.68. The company has a 50 day simple moving average of $2.38. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.76 and a quick ratio of 3.04. The stock has a market capitalization of $52.25 million, a P/E ratio of -1.89 and a beta of 1.06.
Dawson Geophysical (NASDAQ:DWSN) last released its earnings results on Thursday, August 1st. The oil and gas company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.41) by ($0.08). Dawson Geophysical had a negative return on equity of 24.15% and a negative net margin of 19.79%. The company had revenue of $24.08 million during the quarter, compared to analysts’ expectations of $24.91 million. As a group, equities analysts expect that Dawson Geophysical will post -0.87 earnings per share for the current year.
Dawson Geophysical Company Profile
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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