Dawson Geophysical (NASDAQ:DWSN) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Dawson Geophysical Company (NASDAQ:DWSN)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.74 and traded as high as $4.43. Dawson Geophysical shares last traded at $3.98, with a volume of 31,851 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Wall Street Zen upgraded Dawson Geophysical from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Dawson Geophysical in a report on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Dawson Geophysical Price Performance

The stock has a market capitalization of $123.58 million, a PE ratio of 26.53 and a beta of -0.08. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.50. The company’s 50 day simple moving average is $3.41 and its 200 day simple moving average is $2.74.

Dawson Geophysical (NASDAQ:DWSN) last announced its quarterly earnings data on Thursday, May 14th. The oil and gas company reported $0.25 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $27.20 million.

Hedge Funds Weigh In On Dawson Geophysical

Several hedge funds and other institutional investors have recently made changes to their positions in DWSN. Jane Street Group LLC acquired a new position in shares of Dawson Geophysical during the 2nd quarter valued at $52,000. Teton Advisors LLC acquired a new position in shares of Dawson Geophysical during the 3rd quarter valued at $35,000. Pinnacle Associates Ltd. lifted its holdings in shares of Dawson Geophysical by 19.0% during the 3rd quarter. Pinnacle Associates Ltd. now owns 52,360 shares of the oil and gas company’s stock valued at $92,000 after acquiring an additional 8,360 shares in the last quarter. Two Sigma Investments LP acquired a new position in shares of Dawson Geophysical during the 3rd quarter valued at $52,000. Finally, Citadel Advisors LLC lifted its holdings 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 acquiring an additional 24,504 shares in the last quarter. Institutional investors and hedge funds own 7.86% of the company’s stock.

Dawson Geophysical Company Profile

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.