Wall Street Zen Downgrades Dawson Geophysical (NASDAQ:DWSN) to Hold

Dawson Geophysical (NASDAQ:DWSN) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Dawson Geophysical in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Dawson Geophysical Price Performance

Shares of Dawson Geophysical stock opened at $3.41 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 0.87. Dawson Geophysical has a one year low of $1.45 and a one year high of $7.85. The company has a market cap of $105.91 million, a P/E ratio of 28.42 and a beta of -0.15. The firm has a fifty day moving average of $4.73 and a two-hundred day moving average of $3.85.

Dawson Geophysical (NASDAQ:DWSN) last released its quarterly earnings data 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. Dawson Geophysical had a return on equity of 19.56% and a net margin of 3.49%.The firm had revenue of $17.91 million during the quarter, compared to analysts’ expectations of $39.60 million.

Institutional Trading of Dawson Geophysical

Hedge funds have recently added to or reduced their stakes in the business. Pin Oak Investment Advisors Inc. purchased a new stake in Dawson Geophysical in the 2nd quarter valued at about $42,000. BlackRock Inc. purchased a new position in shares of Dawson Geophysical during the 2nd quarter worth about $130,000. GSA Capital Partners LLP purchased a new position in shares of Dawson Geophysical during the 2nd quarter worth about $209,000. Sanders Morris Harris LLC acquired a new stake in shares of Dawson Geophysical in the second quarter worth approximately $119,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of Dawson Geophysical in the first quarter worth approximately $40,000. 7.86% of the stock is owned by institutional investors and hedge funds.

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.