Dawson Geophysical (NASDAQ:DWSN) Releases Earnings Results, Misses Estimates By $0.04 EPS

Dawson Geophysical (NASDAQ:DWSN) announced its quarterly earnings results on Monday. The oil and gas company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.04), FiscalAI reports. Dawson Geophysical had a negative return on equity of 19.72% and a negative net margin of 5.15%.The company had revenue of $26.95 million for the quarter, compared to analyst estimates of $45.00 million.

Dawson Geophysical Stock Down 18.8%

DWSN stock opened at $2.64 on Tuesday. The company has a market cap of $81.97 million, a price-to-earnings ratio of -22.00 and a beta of -0.18. The company has a fifty day moving average price of $2.96 and a 200 day moving average price of $2.24. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.80 and a quick ratio of 0.80. Dawson Geophysical has a 12 month low of $1.08 and a 12 month high of $5.54.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Wall Street Zen raised Dawson Geophysical to a “hold” rating in a report on Saturday. Weiss Ratings reissued a “hold (c-)” rating on shares of Dawson Geophysical in a report on Friday. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Dawson Geophysical

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Pinnacle Associates Ltd. increased its holdings in shares of Dawson Geophysical by 19.0% in the third quarter. Pinnacle Associates Ltd. now owns 52,360 shares of the oil and gas company’s stock valued at $92,000 after purchasing an additional 8,360 shares during the period. Bridgeway Capital Management LLC lifted its holdings in shares of 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 worth $34,000 after purchasing an additional 9,900 shares during the period. HRT Financial LP purchased a new position in Dawson Geophysical in the 4th quarter valued at $26,000. Virtu Financial LLC purchased a new position in Dawson Geophysical in the 4th quarter valued at $29,000. Finally, Citadel Advisors LLC increased its stake in Dawson Geophysical by 67.9% in the 3rd quarter. Citadel Advisors LLC now owns 60,599 shares of the oil and gas company’s stock valued at $107,000 after buying an additional 24,504 shares during the period. 7.86% of the stock is 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.