Dawson Geophysical (NASDAQ:DWSN) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Dawson Geophysical Company (NASDAQ:DWSN)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.66 and traded as high as $3.97. Dawson Geophysical shares last traded at $3.75, with a volume of 105,622 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DWSN shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dawson Geophysical in a research note on Friday, March 27th. Wall Street Zen raised shares of Dawson Geophysical from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Dawson Geophysical currently has an average rating of “Hold”.

Dawson Geophysical Stock Performance

The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.01 and a current ratio of 1.01. The firm’s 50 day simple moving average is $3.26 and its 200-day simple moving average is $2.66. The company has a market cap of $116.44 million, a price-to-earnings ratio of 25.00 and a beta of -0.13.

Dawson Geophysical (NASDAQ:DWSN) last announced its earnings results on Thursday, May 14th. The oil and gas company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.54. Dawson Geophysical had a net margin of 4.91% and a return on equity of 26.74%. The company had revenue of $36.70 million for the quarter, compared to analysts’ expectations of $27.20 million.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DWSN. HRT Financial LP purchased a new position in shares of Dawson Geophysical during the 4th quarter worth $26,000. Virtu Financial LLC purchased a new position in shares of Dawson Geophysical during the 4th quarter worth $29,000. Bridgeway Capital Management LLC raised its holdings in shares of Dawson Geophysical by 83.8% during the 4th quarter. Bridgeway Capital Management LLC now owns 21,710 shares of the oil and gas company’s stock worth $34,000 after acquiring an additional 9,900 shares during the period. Teton Advisors LLC purchased a new position in shares of Dawson Geophysical during the 3rd quarter worth $35,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of Dawson Geophysical during the 1st quarter worth $40,000. 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.