Dawson Geophysical (DWSN) Cut to “Strong Sell” at ValuEngine

Dawson Geophysical (NASDAQ:DWSN) was downgraded by equities research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Tuesday.

Separately, Zacks Investment Research upgraded shares of Dawson Geophysical from a “hold” rating to a “buy” rating and set a $6.75 target price for the company in a research note on Monday, January 22nd.

Dawson Geophysical (DWSN) traded down $0.23 on Tuesday, hitting $5.85. 27,306 shares of the stock traded hands, compared to its average volume of 57,620. The stock has a market capitalization of $131.18, a P/E ratio of -3.75 and a beta of 1.37. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.01 and a quick ratio of 4.01. Dawson Geophysical has a 52-week low of $3.70 and a 52-week high of $8.10.

Institutional investors and hedge funds have recently bought and sold shares of the company. Quantum Capital Management purchased a new position in shares of Dawson Geophysical in the third quarter worth about $340,000. Ameriprise Financial Inc. increased its stake in shares of Dawson Geophysical by 70.0% in the second quarter. Ameriprise Financial Inc. now owns 706,073 shares of the oil and gas company’s stock worth $2,768,000 after purchasing an additional 290,762 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Dawson Geophysical by 4.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,490,953 shares of the oil and gas company’s stock worth $5,845,000 after purchasing an additional 57,167 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Dawson Geophysical by 261.5% in the second quarter. Goldman Sachs Group Inc. now owns 52,217 shares of the oil and gas company’s stock worth $205,000 after purchasing an additional 37,771 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Dawson Geophysical by 3.7% in the fourth quarter. Renaissance Technologies LLC now owns 1,721,762 shares of the oil and gas company’s stock worth $8,557,000 after purchasing an additional 61,790 shares in the last quarter. Hedge funds and other institutional investors own 62.85% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Dawson Geophysical (DWSN) Cut to “Strong Sell” at ValuEngine” was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at https://www.americanbankingnews.com/2018/02/13/dawson-geophysical-dwsn-cut-to-strong-sell-at-valuengine.html.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Dawson Geophysical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dawson Geophysical and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply