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Dawson Geophysical (NASDAQ:DWSN) was downgraded by stock analysts at Wunderlich from a “buy” rating to a “hold” rating in a report issued on Thursday, reports. They currently have a $28.00 target price on the stock, down from their previous target price of $40.00. Wunderlich’s price target suggests a potential upside of 6.42% from the company’s current price.

The analysts wrote, “Dawson Geophysical (DWSN) reported a tough F2Q14 as EPS of $0.21 was well below our $0.44 estimate and the Street’s $0.50 forecast. The culprit for the miss was predominately higher expenses due to weather and other delays that reduced margins significantly while also hindering revenues. These issues caused the real utilization rate of Dawson’s 12 crews to be closer to seven; these issues have cropped up again during F3Q14 with an expected ramp beginning in mid-May to improve the activity to full utilization for the 12 crews. “Due to these issues and continued delays we have reduced our numbers going forward to account for the tough environment for Dawson and other seismic players and as such we are downgrading the stock to Hold and reducing our price target to $28.”

Separately, analysts at TheStreet downgraded shares of Dawson Geophysical from a “buy” rating to a “hold” rating in a research note on Monday, March 10th.

Dawson Geophysical (NASDAQ:DWSN) traded up 1.23% on Thursday, hitting $26.31. 45,661 shares of the company’s stock traded hands. Dawson Geophysical has a one year low of $25.47 and a one year high of $40.86. The stock’s 50-day moving average is $28.04 and its 200-day moving average is $30.34. The company has a market cap of $209.4 million and a price-to-earnings ratio of 44.81.

Dawson Geophysical (NASDAQ:DWSN) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.50 by $0.30. The company had revenue of $76.77 million for the quarter, compared to the consensus estimate of $77.25 million. During the same quarter in the prior year, the company posted $0.78 earnings per share. The company’s quarterly revenue was down 7.9% on a year-over-year basis. On average, analysts predict that Dawson Geophysical will post $1.05 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, May 30th. Investors of record on Friday, May 16th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Wednesday, May 14th.

Provides seismic data acquisition and analysis services to the oil and gas industry. Data acquisition services include the detonation of small subsurface charges, whereby waves of acoustic energy are generated, reflected by the earth’s subsurface strata, and recorded by electronic equipment.

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