Dawson Geophysical (NASDAQ:DWSN) Posts Earnings Results, Beats Estimates By $0.02 EPS

Dawson Geophysical (NASDAQ:DWSN) released its quarterly earnings data on Thursday. The oil and gas company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.02, Zacks reports. Dawson Geophysical had a net margin of 3.49% and a return on equity of 20.08%. The company had revenue of $17.91 million during the quarter, compared to the consensus estimate of $39.60 million.

Dawson Geophysical Stock Performance

Shares of NASDAQ:DWSN opened at $3.19 on Friday. The business’s fifty day moving average price is $4.89 and its two-hundred day moving average price is $3.81. Dawson Geophysical has a fifty-two week low of $1.26 and a fifty-two week high of $7.85. The stock has a market capitalization of $99.05 million, a price-to-earnings ratio of 26.59 and a beta of -0.15. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.01 and a quick ratio of 1.01.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Citadel Advisors LLC boosted its holdings in Dawson Geophysical by 67.9% in the third quarter. Citadel Advisors LLC now owns 60,599 shares of the oil and gas company’s stock valued at $107,000 after acquiring an additional 24,504 shares during the last quarter. Pinnacle Associates Ltd. lifted its holdings in shares of Dawson Geophysical by 19.0% during the 3rd 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 in the last quarter. Jane Street Group LLC acquired a new position in shares of Dawson Geophysical in the second quarter valued at approximately $52,000. Two Sigma Investments LP acquired a new stake in shares of Dawson Geophysical during the third quarter worth $52,000. Finally, Bridgeway Capital Management LLC lifted its position 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 valued at $34,000 after acquiring an additional 9,900 shares in the last quarter. Institutional investors own 7.86% of the company’s stock.

Analyst Ratings Changes

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.com, Dawson Geophysical presently has an average rating of “Hold”.

About Dawson Geophysical

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.