Dawson Geophysical (NASDAQ:DWSN) Issues Quarterly Earnings Results, Beats Estimates By $0.54 EPS

Dawson Geophysical (NASDAQ:DWSN) announced its earnings results on Thursday. The oil and gas company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.54, FiscalAI reports. The company had revenue of $36.70 million for the quarter, compared to analyst estimates of $27.20 million. Dawson Geophysical had a return on equity of 29.92% and a net margin of 4.91%.

Dawson Geophysical Trading Up 1.3%

Shares of NASDAQ:DWSN opened at $3.91 on Friday. Dawson Geophysical has a 52-week low of $1.18 and a 52-week high of $5.54. The stock has a market cap of $121.42 million, a price-to-earnings ratio of 26.07 and a beta of -0.13. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.72. The business has a 50-day moving average price of $3.27 and a 200-day moving average price of $2.53.

Analyst Upgrades and Downgrades

DWSN has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Dawson Geophysical in a research note on Friday, March 27th. Wall Street Zen upgraded shares of Dawson Geophysical from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Hedge Funds Weigh In On Dawson Geophysical

Hedge funds and other institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC increased its holdings 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 worth $107,000 after buying an additional 24,504 shares during the period. Pinnacle Associates Ltd. increased its holdings in Dawson Geophysical by 19.0% in the 3rd quarter. Pinnacle Associates Ltd. now owns 52,360 shares of the oil and gas company’s stock worth $92,000 after buying an additional 8,360 shares during the period. Jane Street Group LLC acquired a new position in Dawson Geophysical in the 2nd quarter worth approximately $52,000. Two Sigma Investments LP acquired a new position in Dawson Geophysical in the 3rd quarter worth approximately $52,000. Finally, Bridgeway Capital Management LLC increased its holdings in Dawson Geophysical by 83.8% in the 4th quarter. Bridgeway Capital Management LLC now owns 21,710 shares of the oil and gas company’s stock worth $34,000 after buying an additional 9,900 shares during the period. Institutional investors and hedge funds 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.