Dawson Geophysical (NASDAQ:DWSN) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Dawson Geophysical Company (NASDAQ:DWSN) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.24 and traded as high as $6.62. Dawson Geophysical shares last traded at $6.32, with a volume of 138,466 shares.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DWSN. Wall Street Zen raised Dawson Geophysical from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Dawson Geophysical in a research note on Friday, March 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Dawson Geophysical Price Performance

The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.50. The firm’s fifty day moving average price is $4.37 and its 200-day moving average price is $3.24. The stock has a market cap of $196.24 million, a P/E ratio of 42.13 and a beta of -0.17.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DWSN. OMERS ADMINISTRATION Corp bought a new position in Dawson Geophysical during the 1st quarter valued at approximately $40,000. Cetera Investment Advisers bought a new stake in shares of Dawson Geophysical in the 1st quarter worth approximately $41,000. HRT Financial LP purchased a new position in shares of Dawson Geophysical during the fourth quarter valued at approximately $26,000. Virtu Financial LLC purchased a new stake in Dawson Geophysical in the fourth quarter worth $29,000. Finally, Bridgeway Capital Management LLC boosted its holdings in Dawson Geophysical by 83.8% in the fourth quarter. Bridgeway Capital Management LLC now owns 21,710 shares of the oil and gas company’s stock valued at $34,000 after acquiring an additional 9,900 shares in 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.