Dawson Geophysical (DWSN) Projected to Post Earnings on Friday

Dawson Geophysical (NASDAQ:DWSN) is expected to be releasing its results before the market opens on Friday, March 27th. Analysts expect Dawson Geophysical to post earnings of $0.06 per share and revenue of $45.00 million for the quarter.

Dawson Geophysical Price Performance

NASDAQ:DWSN traded up $0.25 during trading hours on Wednesday, reaching $2.75. The stock had a trading volume of 78,197 shares, compared to its average volume of 133,179. The stock has a market capitalization of $85.42 million, a PE ratio of -23.11 and a beta of -0.17. Dawson Geophysical has a 52 week low of $1.08 and a 52 week high of $5.54. The company has a 50 day moving average price of $2.88 and a two-hundred day moving average price of $2.21. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.80.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Dawson Geophysical in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Dawson Geophysical currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DWSN. HRT Financial LP purchased a new position in Dawson Geophysical in the fourth quarter worth about $26,000. Virtu Financial LLC purchased a new stake in Dawson Geophysical during the fourth quarter valued at approximately $29,000. Bridgeway Capital Management LLC raised its position 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 purchasing an additional 9,900 shares during the period. Two Sigma Investments LP bought a new stake in shares of Dawson Geophysical in the 3rd quarter valued at approximately $52,000. Finally, Jane Street Group LLC bought a new stake in shares of Dawson Geophysical in the 2nd quarter valued at approximately $52,000. Institutional investors own 7.86% of the company’s stock.

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.