Dawson Geophysical (NASDAQ:DWSN) Shares Pass Above 200 Day Moving Average – Here’s Why

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 $3.74 and traded as high as $4.85. Dawson Geophysical shares last traded at $4.35, with a volume of 76,526 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Dawson Geophysical in a report on Wednesday, July 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Dawson Geophysical presently has an average rating of “Hold”.

Dawson Geophysical Trading Down 9.0%

The stock has a market capitalization of $135.07 million, a price-to-earnings ratio of 29.00 and a beta of -0.15. The company has a fifty day moving average of $4.89 and a two-hundred day moving average of $3.74. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.50.

Dawson Geophysical (NASDAQ:DWSN) last released its quarterly earnings results on Thursday, May 14th. The oil and gas company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.54. The business had revenue of $36.70 million for 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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pinnacle Associates Ltd. boosted its stake in 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 during the last quarter. Bridgeway Capital Management LLC raised its position in shares of Dawson Geophysical by 83.8% during the 4th quarter. Bridgeway Capital Management LLC now owns 21,710 shares of the oil and gas company’s stock valued at $34,000 after acquiring an additional 9,900 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in shares of Dawson Geophysical during the 1st quarter valued at approximately $40,000. Cetera Investment Advisers bought a new position in Dawson Geophysical during the first quarter worth $41,000. Finally, HRT Financial LP acquired a new stake in shares of Dawson Geophysical during the 4th quarter worth approximately $26,000. Hedge funds and other institutional investors 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.