Dawson Geophysical Company (NASDAQ:DWSN) Short Interest Down 68.7% in June
Dawson Geophysical Company (NASDAQ:DWSN) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totalling 361,549 shares, a drop of 68.7% from the June 15th total of 1,153,745 shares. Based on an average daily volume of 291,496 shares, the short-interest ratio is currently 1.2 days. Approximately 1.8% of the company’s stock are sold short.
Dawson Geophysical Company (DWSN) opened at 4.07 on Friday. Dawson Geophysical Company has a 52 week low of $3.77 and a 52 week high of $9.00. The stock’s market cap is $88.25 million. The stock’s 50 day moving average is $4.17 and its 200 day moving average is $6.17.
Dawson Geophysical Company (NASDAQ:DWSN) last released its quarterly earnings data on Thursday, May 4th. The oil and gas company reported ($0.42) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.34) by $0.08. The business had revenue of $41.93 million during the quarter, compared to analyst estimates of $26.35 million. Dawson Geophysical Company had a negative return on equity of 23.01% and a negative net margin of 31.47%. Analysts predict that Dawson Geophysical Company will post ($1.25) EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its stake in shares of Dawson Geophysical Company 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 period. Dimensional Fund Advisors LP increased its position in Dawson Geophysical Company 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 valued at $7,972,000 after buying an additional 44,346 shares during the last quarter. SG Americas Securities LLC bought a new position in Dawson Geophysical Company during the first quarter valued at about $107,000. Beddow Capital Management Inc. increased its position in Dawson Geophysical Company 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 valued at $11,130,000 after buying an additional 14,178 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in Dawson Geophysical Company by 12.1% in the first quarter. Ameriprise Financial Inc. now owns 415,311 shares of the oil and gas company’s stock valued at $2,309,000 after buying an additional 44,860 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.
A number of equities research analysts have commented on the stock. Zacks Investment Research raised shares of Dawson Geophysical Company from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. ValuEngine downgraded shares of Dawson Geophysical Company from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th.
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About Dawson Geophysical Company
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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