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Research analysts at Wunderlich reduced their target price on shares of Dawson Geophysical (NASDAQ:DWSN) from $28.00 to $24.00 in a report released on Thursday. The firm currently has a “hold” rating on the stock. Wunderlich’s target price points to a potential downside of 0.12% from the company’s current price.

Dawson Geophysical (NASDAQ:DWSN) opened at 24.03 on Thursday. Dawson Geophysical has a 52-week low of $23.80 and a 52-week high of $37.61. The stock’s 50-day moving average is $27.57 and its 200-day moving average is $28.47. The company has a market cap of $191.3 million and a P/E ratio of 2501.00.

Dawson Geophysical (NASDAQ:DWSN) last announced its earnings results on Wednesday, August 6th. The company reported ($0.94) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $1.29. The company had revenue of $54.20 million for the quarter, compared to the consensus estimate of $80.23 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was down 28.3% on a year-over-year basis. On average, analysts predict that Dawson Geophysical will post $0.70 earnings per share for the current fiscal year.

The company also recently declared a dividend, which is scheduled for Friday, August 29th. Stockholders of record on Friday, August 15th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, August 13th.

A number of other analysts have also recently weighed in on DWSN. Analysts at Zacks downgraded shares of Dawson Geophysical from a “neutral” rating to an “underperform” rating in a research note on Wednesday. They now have a $23.80 price target on the stock.

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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