Dawson Geophysical Company (NASDAQ:DWSN) Stock Short Interest Report for October

Dawson Geophysical Company (NASDAQ:DWSN) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 119,448 shares, a decrease of 36.4% from the September 30th total of 187,886 shares. Based on an average daily volume of 132,878 shares, the short-interest ratio is currently 0.9 days. Currently, 0.4% of the company’s shares are short sold.

Dawson Geophysical Stock Down 0.3%

NASDAQ:DWSN traded down $0.01 during mid-day trading on Monday, hitting $1.82. The stock had a trading volume of 20,900 shares, compared to its average volume of 143,247. Dawson Geophysical has a twelve month low of $1.50 and a twelve month high of $7.85. The stock has a 50-day simple moving average of $2.83 and a two-hundred day simple moving average of $3.47. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $56.68 million, a PE ratio of 15.21 and a beta of 0.12.

Dawson Geophysical (NASDAQ:DWSN) last announced its quarterly earnings results on Thursday, August 13th. The oil and gas company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.02. Dawson Geophysical had a return on equity of 19.56% and a net margin of 3.49%. The firm had revenue of $17.91 million during the quarter, compared to the consensus estimate of $39.60 million.

Analyst Upgrades and Downgrades

DWSN has been the topic of several research analyst reports. Weiss Ratings lowered shares of Dawson Geophysical from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, August 21st. Wall Street Zen lowered shares of Dawson Geophysical from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Sanders Morris Harris LLC lifted its holdings in Dawson Geophysical by 125.0% in the third quarter. Sanders Morris Harris LLC now owns 45,000 shares of the oil and gas company’s stock valued at $127,000 after acquiring an additional 25,000 shares during the period. Citadel Advisors LLC acquired a new position in shares of Dawson Geophysical during the 2nd quarter worth $239,000. GSA Capital Partners LLP purchased a new position in shares of Dawson Geophysical in the 2nd quarter valued at about $209,000. Hillsdale Investment Management Inc. purchased a new position in shares of Dawson Geophysical in the 1st quarter valued at about $119,000. Finally, BlackRock Inc. purchased a new position in shares of Dawson Geophysical in the 2nd quarter valued at about $130,000. 7.86% of the stock is owned by hedge funds and other institutional investors.

About Dawson Geophysical

Dawson Geophysical Company is a provider of onshore seismic data acquisition services for the energy industry. Its work helps oil and natural gas companies evaluate subsurface formations and identify potential drilling opportunities.

The company has historically offered 2D and 3D seismic surveys, as well as related field services, data processing and geophysical support. Its operations have focused primarily on land-based projects in the United States and Canada, serving exploration and production companies, geophysical contractors and other energy-sector customers.

Founded in 1952 and headquartered in Midland, Texas, Dawson Geophysical has operated through changing conditions in the oil and gas exploration market.