Dawson Geophysical Co (NASDAQ:DWSN) Director William J. Barrett acquired 5,000 shares of the company’s stock in a transaction on Thursday, May 18th. The stock was acquired at an average price of $4.05 per share, with a total value of $20,250.00. Following the purchase, the director now directly owns 667,820 shares in the company, valued at $2,704,671. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Dawson Geophysical Co (NASDAQ:DWSN) traded up 8.1708% during trading on Friday, hitting $4.3701. 71,496 shares of the stock traded hands. Dawson Geophysical Co has a 1-year low of $4.02 and a 1-year high of $9.00. The company’s market cap is $94.76 million. The stock has a 50-day moving average of $5.05 and a 200 day moving average of $6.86.

Dawson Geophysical (NASDAQ:DWSN) last announced its quarterly earnings results on Thursday, May 4th. The oil and gas company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by $0.08. Dawson Geophysical had a negative return on equity of 19.25% and a negative net margin of 23.70%. The firm had revenue of $41.93 million during the quarter, compared to analysts’ expectations of $26.35 million. On average, equities research analysts predict that Dawson Geophysical Co will post ($1.25) EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This news story was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international copyright laws. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/05/19/dawson-geophysical-co-dwsn-director-william-j-barrett-purchases-5000-shares.html.

Several large investors have recently made changes to their positions in the company. Beddow Capital Management Inc. increased its stake in shares of Dawson Geophysical by 0.7% in the first quarter. Beddow Capital Management Inc. now owns 2,001,882 shares of the oil and gas company’s stock worth $11,130,000 after buying an additional 14,178 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Dawson Geophysical by 3.0% in the first quarter. Renaissance Technologies LLC now owns 1,467,442 shares of the oil and gas company’s stock worth $8,159,000 after buying an additional 42,800 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Dawson Geophysical by 3.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,433,786 shares of the oil and gas company’s stock worth $7,972,000 after buying an additional 44,346 shares during the last quarter. Grace & White Inc. NY increased its stake in shares of Dawson Geophysical by 3.3% in the first quarter. Grace & White Inc. NY now owns 1,059,435 shares of the oil and gas company’s stock worth $5,890,000 after buying an additional 34,300 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Dawson Geophysical by 1.9% in the first quarter. Vanguard Group Inc. now owns 872,052 shares of the oil and gas company’s stock worth $4,849,000 after buying an additional 15,964 shares during the last quarter. 70.41% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research cut shares of Dawson Geophysical from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th.

About Dawson Geophysical

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.

5 Day Chart for NASDAQ:DWSN

Receive News & Ratings for Dawson Geophysical Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dawson Geophysical Co and related companies with MarketBeat.com's FREE daily email newsletter.