Dawson Geophysical Company (NASDAQ:DWSN) announced its quarterly earnings data on Thursday. The oil and gas company reported ($0.68) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.41) by $0.27, MarketWatch Earnings reports. The company had revenue of $30.47 million for the quarter. Dawson Geophysical had a negative net margin of 31.47% and a negative return on equity of 23.01%.

Dawson Geophysical (DWSN) traded up 4.05% during trading on Friday, hitting $4.37. The stock had a trading volume of 55,368 shares. Dawson Geophysical has a one year low of $3.70 and a one year high of $9.00. The firm has a 50 day moving average of $4.03 and a 200-day moving average of $5.48. The company’s market cap is $94.75 million.

Large investors have recently bought and sold shares of the stock. Teachers Advisors LLC boosted 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 valued at $397,000 after buying an additional 15,347 shares during the last quarter. State Street Corp boosted its position in Dawson Geophysical by 7.3% in the fourth quarter. State Street Corp now owns 254,235 shares of the oil and gas company’s stock valued at $2,045,000 after buying an additional 17,322 shares in the last quarter. Renaissance Technologies LLC boosted its position in 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 valued at $8,159,000 after buying an additional 42,800 shares in the last quarter. Two Sigma Investments LP boosted 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 valued at $386,000 after buying an additional 2,384 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Dawson Geophysical during the first quarter valued at about $107,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

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Several research firms have weighed in on DWSN. Zacks Investment Research downgraded Dawson Geophysical from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. ValuEngine lowered Dawson Geophysical from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th.

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.

Earnings History for Dawson Geophysical (NASDAQ:DWSN)

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