Van Den Berg Management I Inc. increased its stake in Dawson Geophysical Co (NASDAQ:DWSN) by 24.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,002,729 shares of the oil and gas company’s stock after acquiring an additional 194,298 shares during the period. Van Den Berg Management I Inc. owned approximately 4.62% of Dawson Geophysical worth $4,984,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in DWSN. Quantum Capital Management purchased a new position in Dawson Geophysical in the third quarter valued at approximately $340,000. Dimensional Fund Advisors LP raised its holdings in 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 valued at $5,845,000 after buying an additional 57,167 shares during the period. Goldman Sachs Group Inc. raised its holdings in 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 valued at $205,000 after buying an additional 37,771 shares during the period. Tower Research Capital LLC TRC raised its holdings in Dawson Geophysical by 606.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 24,104 shares of the oil and gas company’s stock valued at $120,000 after buying an additional 20,692 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in 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 valued at $8,557,000 after buying an additional 61,790 shares during the period. 61.10% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently commented on DWSN shares. Zacks Investment Research lowered shares of Dawson Geophysical from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. ValuEngine upgraded shares of Dawson Geophysical from a “strong sell” rating to a “sell” rating in a report on Tuesday, January 9th.
Dawson Geophysical (NASDAQ:DWSN) last posted its quarterly earnings results on Thursday, March 1st. The oil and gas company reported ($0.21) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.07. Dawson Geophysical had a negative net margin of 19.90% and a negative return on equity of 20.60%. The firm had revenue of $39.13 million for the quarter, compared to analyst estimates of $35.53 million. sell-side analysts anticipate that Dawson Geophysical Co will post -0.53 earnings per share for the current fiscal year.
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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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