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Dawson Geophysical (NASDAQ:DWSN) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Tuesday. The firm currently has a $28.90 price objective on the stock. Zacks‘s target price suggests a potential upside of 2.66% from the company’s current price.

Shares of Dawson Geophysical (NASDAQ:DWSN) traded down 0.71% on Tuesday, hitting $27.95. 22,969 shares of the company’s stock traded hands. Dawson Geophysical has a 52-week low of $25.47 and a 52-week high of $40.86. The stock’s 50-day moving average is $28.17 and its 200-day moving average is $29.53. The company has a market cap of $222.5 million and a price-to-earnings ratio of 2815.00.

Dawson Geophysical (NASDAQ:DWSN) last released its earnings data on Wednesday, May 7th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. Analysts expect that Dawson Geophysical will post $0.76 EPS for the current fiscal year.

Separately, analysts at Wunderlich downgraded shares of Dawson Geophysical from a “buy” rating to a “hold” rating in a research note on Thursday, May 8th. They now have a $28.00 price target on the stock, down previously from $40.00.

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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