Dawson Geophysical Company (NASDAQ:DWSN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

According to Zacks, “Dawson Geophysical Company offers onshore seismic data acquisition services primarily in the United States and Canada. The company acquires and processes 2-D, 3-D and multi-component seismic data for oil and gas companies. Dawson Operating Company, formerly known as Dawson Geophysical Company, is headquartered in Midland, Texas. “

Separately, ValuEngine downgraded shares of Dawson Geophysical from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th.

Dawson Geophysical (NASDAQ DWSN) traded down 3.23% during mid-day trading on Monday, reaching $3.89. 144,781 shares of the company traded hands. The firm’s 50-day moving average is $4.06 and its 200 day moving average is $5.65. The stock’s market capitalization is $84.35 million. Dawson Geophysical has a 52-week low of $3.70 and a 52-week high of $9.00.

Dawson Geophysical (NASDAQ:DWSN) last released its quarterly earnings data on Thursday, May 4th. The oil and gas company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates 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 had a negative return on equity of 23.01% and a negative net margin of 31.47%. On average, equities research analysts expect that Dawson Geophysical will post ($1.45) earnings per share for the current year.

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Institutional investors have recently added to or reduced their stakes in the company. Teton Advisors Inc. increased its position in Dawson Geophysical by 11.1% in the first quarter. Teton Advisors Inc. now owns 20,000 shares of the oil and gas company’s stock worth $111,000 after buying an additional 2,000 shares in the last quarter. Two Sigma Investments LP increased its position in Dawson Geophysical by 5.2% in the fourth quarter. Two Sigma Investments LP now owns 47,996 shares of the oil and gas company’s stock worth $386,000 after buying an additional 2,384 shares in the last quarter. Beddow Capital Management Inc. increased its position in 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 in the last quarter. Teachers Advisors LLC increased its position in Dawson Geophysical by 45.2% in the fourth quarter. Teachers Advisors LLC now owns 49,331 shares of the oil and gas company’s stock worth $397,000 after buying an additional 15,347 shares in the last quarter. Finally, US Bancorp DE increased its position in Dawson Geophysical by 19.6% in the first quarter. US Bancorp DE now owns 98,785 shares of the oil and gas company’s stock worth $549,000 after buying an additional 16,200 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other 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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