Dawson Geophysical (NASDAQ:DWSN) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Dawson Geophysical Company (NASDAQ:DWSN)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.52 and traded as high as $5.24. Dawson Geophysical shares last traded at $4.88, with a volume of 326,314 shares trading hands.

Wall Street Analyst Weigh In

DWSN has been the topic of several research analyst reports. Wall Street Zen upgraded Dawson Geophysical from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dawson Geophysical in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Dawson Geophysical Price Performance

The firm has a market capitalization of $151.52 million, a P/E ratio of 32.53 and a beta of -0.17. The firm’s 50 day simple moving average is $4.76 and its two-hundred day simple moving average is $3.52. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.01 and a quick ratio of 1.01.

Dawson Geophysical (NASDAQ:DWSN) last posted its quarterly 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. The business had revenue of $36.70 million for the quarter, compared to analyst estimates of $27.20 million. Dawson Geophysical had a return on equity of 26.74% and a net margin of 4.91%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DWSN. HRT Financial LP purchased a new position in Dawson Geophysical during the fourth quarter valued at $26,000. Virtu Financial LLC bought a new stake in Dawson Geophysical during the fourth quarter worth about $29,000. Bridgeway Capital Management LLC grew 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 worth $34,000 after purchasing an additional 9,900 shares during the period. OMERS ADMINISTRATION Corp bought a new position in shares of Dawson Geophysical during the first quarter valued at approximately $40,000. Finally, Cetera Investment Advisers purchased a new position in shares of Dawson Geophysical during the first quarter valued at approximately $41,000. 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.