Dawson Geophysical (NASDAQ:DWSN) Posts Quarterly Earnings Results

Dawson Geophysical (NASDAQ:DWSN) issued its quarterly earnings results on Wednesday. The oil and gas company reported ($0.04) EPS for the quarter, FiscalAI reports. Dawson Geophysical had a negative return on equity of 44.29% and a negative net margin of 13.89%.The business had revenue of $22.75 million for the quarter.

Dawson Geophysical Trading Down 1.9%

DWSN stock traded down $0.04 during mid-day trading on Wednesday, reaching $2.06. The company’s stock had a trading volume of 17,001 shares, compared to its average volume of 360,640. Dawson Geophysical has a 12 month low of $1.08 and a 12 month high of $5.54. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.07. The business’s 50 day moving average price is $1.85 and its 200 day moving average price is $1.58. The company has a market cap of $63.96 million, a price-to-earnings ratio of -7.92 and a beta of -0.03.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Dawson Geophysical in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Trading of Dawson Geophysical

Several hedge funds have recently bought and sold shares of the business. Jane Street Group LLC bought a new position in Dawson Geophysical in the 2nd quarter valued at $52,000. Pinnacle Associates Ltd. increased its position in shares of Dawson Geophysical by 55.5% during the 1st quarter. Pinnacle Associates Ltd. now owns 50,422 shares of the oil and gas company’s stock valued at $62,000 after purchasing an additional 18,000 shares during the last quarter. Finally, Grace & White Inc. NY grew its stake in shares of Dawson Geophysical by 5.0% during the third quarter. Grace & White Inc. NY now owns 909,879 shares of the oil and gas company’s stock valued at $1,601,000 after buying an additional 43,457 shares during the last quarter. Institutional investors and hedge funds own 7.86% of the company’s stock.

Dawson Geophysical Company Profile

Dawson Geophysical Company provides onshore seismic data acquisition and processing services in the United States and Canada. The company acquires and processes 2-D, 3-D, and multi-component seismic data for its clients, including oil and gas companies, and independent oil and gas operators, as well as providers of multi-client data libraries and carbon capture sequestration projects.