Dawson Geophysical (DWSN) Upgraded by Zacks Investment Research to Buy

Dawson Geophysical (NASDAQ:DWSN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The firm currently has a $6.75 price objective on the oil and gas company’s stock. Zacks Investment Research‘s price target points to a potential upside of 11.39% from the stock’s current price.

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 upgraded Dawson Geophysical from a “strong sell” rating to a “sell” rating in a research report on Tuesday, January 9th.

Shares of Dawson Geophysical (NASDAQ:DWSN) traded up $0.13 on Monday, hitting $6.06. The stock had a trading volume of 11,516 shares, compared to its average volume of 46,621. The firm has a market cap of $128.79, a price-to-earnings ratio of -3.88 and a beta of 1.20. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 0.04. Dawson Geophysical has a one year low of $3.70 and a one year high of $8.55.

Dawson Geophysical (NASDAQ:DWSN) last issued its earnings results on Thursday, November 2nd. The oil and gas company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.34) by $0.21. Dawson Geophysical had a negative return on equity of 21.66% and a negative net margin of 22.90%. sell-side analysts forecast that Dawson Geophysical will post -1.48 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. Quantum Capital Management acquired a new position in Dawson Geophysical during the 3rd quarter valued at approximately $340,000. Moors & Cabot Inc. boosted its position in Dawson Geophysical by 10.5% during the 2nd quarter. Moors & Cabot Inc. now owns 81,442 shares of the oil and gas company’s stock valued at $323,000 after purchasing an additional 7,750 shares during the period. Goldman Sachs Group Inc. boosted its position in Dawson Geophysical by 261.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 52,217 shares of the oil and gas company’s stock valued at $205,000 after purchasing an additional 37,771 shares during the period. Dimensional Fund Advisors LP boosted its position in Dawson Geophysical by 4.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,490,953 shares of the oil and gas company’s stock valued at $5,845,000 after purchasing an additional 57,167 shares during the period. Finally, Menta Capital LLC boosted its position in Dawson Geophysical by 12.5% during the 2nd quarter. Menta Capital LLC now owns 49,244 shares of the oil and gas company’s stock valued at $193,000 after purchasing an additional 5,473 shares during the period. Institutional investors and hedge funds own 63.68% of the company’s stock.

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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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