Shares of Dawson Geophysical Co. (NASDAQ:DWSN) have earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Analysts have set a 1 year consensus price target of $9.00 for the company and are expecting that the company will post ($0.38) EPS for the current quarter, according to Zacks. Zacks has also given Dawson Geophysical an industry rank of 190 out of 265 based on the ratings given to its competitors.

DWSN has been the topic of a number of research reports. Zacks Investment Research lowered Dawson Geophysical from a “buy” rating to a “sell” rating in a report on Wednesday, August 10th. Raymond James Financial Inc. lowered Dawson Geophysical from an “outperform” rating to a “market perform” rating in a report on Thursday, August 25th.

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Dawson Geophysical (NASDAQ:DWSN) traded up 2.11% on Tuesday, hitting $7.27. The company had a trading volume of 4,642 shares. The firm has a 50-day moving average price of $7.31 and a 200-day moving average price of $6.84. Dawson Geophysical has a 12-month low of $2.90 and a 12-month high of $8.87. The firm’s market capitalization is $157.19 million.

In other news, Director Allen T. Mcinnes sold 3,990 shares of the stock in a transaction on Friday, September 16th. The stock was sold at an average price of $7.02, for a total transaction of $28,009.80. Following the sale, the director now directly owns 351,111 shares of the company’s stock, valued at approximately $2,464,799.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 7.70% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in DWSN. Acrospire Investment Management LLC raised its stake in Dawson Geophysical by 1,134.3% in the second quarter. Acrospire Investment Management LLC now owns 18,132 shares of the company’s stock valued at $148,000 after buying an additional 16,663 shares during the period. Nationwide Fund Advisors raised its stake in Dawson Geophysical by 1,002.7% in the second quarter. Nationwide Fund Advisors now owns 61,321 shares of the company’s stock valued at $500,000 after buying an additional 55,760 shares during the period. Alambic Investment Management L.P. raised its stake in Dawson Geophysical by 170.0% in the second quarter. Alambic Investment Management L.P. now owns 27,265 shares of the company’s stock valued at $222,000 after buying an additional 17,165 shares during the period. Moors & Cabot Inc. bought a new stake in Dawson Geophysical during the second quarter valued at about $103,000. Finally, GSA Capital Partners LLP bought a new stake in Dawson Geophysical during the second quarter valued at about $129,000. 69.77% of the stock is currently owned by institutional investors.

Dawson Geophysical Company Profile

Dawson Geophysical Company, formerly TGC Industries, Inc, is a provider of onshore seismic data acquisition and processing services with operations throughout the United States and Canada. The Company acquires and processes two-dimensional (2-D), three-dimensional (3-D) and multi-component seismic data for its clients, ranging from oil and gas companies to independent oil and gas operators, as well as providers of multi-client data libraries.

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