Dawson Geophysical Co (DWSN) Director William J. Barrett Purchases 5,000 Shares
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.
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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.
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