Dawson Geophysical Company (NASDAQ:DWSN) Shares Shorted: Short Interest Down 36.4% in October

Dawson Geophysical Company (NASDAQ:DWSN) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 119,448 shares, a decline of 36.4% from the September 30th total of 187,886 shares. Based on an average daily volume of 132,878 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.4% of the company’s shares are short sold.

Hedge Funds Weigh In On Dawson Geophysical

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DWSN. Integrated Wealth Concepts LLC acquired a new position in shares of Dawson Geophysical in the second quarter worth $27,000. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Dawson Geophysical in the second quarter valued at $42,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Dawson Geophysical in the first quarter valued at $40,000. Cetera Investment Advisers acquired a new stake in shares of Dawson Geophysical in the first quarter valued at $41,000. Finally, Sanders Morris Harris LLC purchased a new position in Dawson Geophysical in the second quarter valued at $119,000. Hedge funds and other institutional investors own 7.86% of the company’s stock.

Analysts Set New Price Targets

DWSN has been the subject of a number of research analyst reports. Wall Street Zen cut Dawson Geophysical from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Weiss Ratings lowered shares of Dawson Geophysical from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, August 21st. One analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Dawson Geophysical Stock Down 2.8%

Shares of NASDAQ:DWSN opened at $1.78 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market capitalization of $55.25 million, a PE ratio of 14.83 and a beta of 0.01. The firm’s 50-day moving average is $2.80 and its two-hundred day moving average is $3.47. Dawson Geophysical has a 1 year low of $1.50 and a 1 year high of $7.85.

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

Dawson Geophysical Company Profile

Dawson Geophysical Company is a provider of onshore seismic data acquisition services for the energy industry. Its work helps oil and natural gas companies evaluate subsurface formations and identify potential drilling opportunities.

The company has historically offered 2D and 3D seismic surveys, as well as related field services, data processing and geophysical support. Its operations have focused primarily on land-based projects in the United States and Canada, serving exploration and production companies, geophysical contractors and other energy-sector customers.

Founded in 1952 and headquartered in Midland, Texas, Dawson Geophysical has operated through changing conditions in the oil and gas exploration market.