Dawson Geophysical (NASDAQ:DWSN) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Dawson Geophysical Company (NASDAQ:DWSN)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.95 and traded as high as $4.68. Dawson Geophysical shares last traded at $4.49, with a volume of 82,416 shares trading hands.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DWSN. Weiss Ratings reiterated 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 report on Sunday, April 5th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Dawson Geophysical presently has a consensus rating of “Hold”.

Dawson Geophysical Stock Up 4.7%

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 has a market cap of $139.41 million, a price-to-earnings ratio of 29.93 and a beta of -0.08. The firm has a 50-day moving average price of $3.74 and a two-hundred day moving average price of $2.95.

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

Institutional Trading of Dawson Geophysical

Several institutional investors have recently modified their holdings of the stock. Pinnacle Associates Ltd. lifted its stake in Dawson Geophysical by 19.0% in the third quarter. Pinnacle Associates Ltd. now owns 52,360 shares of the oil and gas company’s stock valued at $92,000 after buying an additional 8,360 shares during the last quarter. Bridgeway Capital Management LLC grew its position in shares of Dawson Geophysical by 83.8% during the fourth 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 last quarter. OMERS ADMINISTRATION Corp purchased a new position in shares of Dawson Geophysical during the first quarter worth approximately $40,000. Cetera Investment Advisers acquired a new position in shares of Dawson Geophysical in the 1st quarter valued at $41,000. Finally, HRT Financial LP acquired a new position in shares of Dawson Geophysical in the 4th quarter valued at $26,000. 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.