Dawson Geophysical (NASDAQ:DWSN) Shares Pass Above 200-Day Moving Average – What’s Next?

Dawson Geophysical Company (NASDAQ:DWSN) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.70 and traded as high as $2.04. Dawson Geophysical shares last traded at $1.97, with a volume of 186,108 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Dawson Geophysical in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Dawson Geophysical Stock Performance

The firm has a market capitalization of $61.16 million, a PE ratio of -16.42 and a beta of -0.09. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average of $1.83 and a 200 day moving average of $1.70.

Dawson Geophysical (NASDAQ:DWSN) last issued its quarterly earnings results on Wednesday, November 12th. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter. Dawson Geophysical had a negative net margin of 5.15% and a negative return on equity of 19.72%. The business had revenue of $22.75 million for the quarter.

Hedge Funds Weigh In On Dawson Geophysical

A number of hedge funds and other institutional investors have recently bought and sold shares of DWSN. Citadel Advisors LLC raised its position in shares of Dawson Geophysical by 67.9% during the 3rd quarter. Citadel Advisors LLC now owns 60,599 shares of the oil and gas company’s stock valued at $107,000 after buying an additional 24,504 shares in the last quarter. Two Sigma Investments LP bought a new position in Dawson Geophysical in the third quarter valued at $52,000. Teton Advisors LLC purchased a new stake in Dawson Geophysical during the third quarter valued at about $35,000. Grace & White Inc. NY raised its position in Dawson Geophysical by 5.0% during the third quarter. Grace & White Inc. NY now owns 909,879 shares of the oil and gas company’s stock valued at $1,601,000 after purchasing an additional 43,457 shares in the last quarter. Finally, Pinnacle Associates Ltd. lifted its stake in Dawson Geophysical by 19.0% during the third quarter. Pinnacle Associates Ltd. now owns 52,360 shares of the oil and gas company’s stock worth $92,000 after purchasing an additional 8,360 shares during the last quarter. Hedge funds and other institutional investors own 7.86% of the company’s stock.

About Dawson Geophysical

Dawson Geophysical Company provides land-based seismic data acquisition services to the oil and gas industry. Through its subsidiaries, the company specializes in the design, deployment and operation of seismic crews that collect high-fidelity subsurface data. Its services support exploration and development programs by delivering two-dimensional (2D), three-dimensional (3D) and time-lapse (4D) seismic surveys that enable clients to make informed drilling and reservoir management decisions.

The company’s fleet includes vibratory and impulsive seismic sources, high-capacity source trucks, geophone sensor arrays and digital recording systems.