Dawson Geophysical (NASDAQ:DWSN) Stock Passes Above 200-Day Moving Average – Should You Sell?

Dawson Geophysical Company (NASDAQ:DWSN) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.42 and traded as high as $3.36. Dawson Geophysical shares last traded at $3.31, with a volume of 67,489 shares trading hands.

Wall Street Analyst Weigh In

DWSN has been the topic of several recent research reports. Wall Street Zen raised Dawson Geophysical from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dawson Geophysical in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Dawson Geophysical Stock Performance

The company has a market capitalization of $106.81 million, a PE ratio of -49.14 and a beta of -0.13. The company has a 50 day moving average of $3.23 and a two-hundred day moving average of $2.42. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.81 and a quick ratio of 0.81.

Dawson Geophysical (NASDAQ:DWSN) last issued its quarterly earnings results on Monday, March 30th. The oil and gas company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.04). The firm had revenue of $26.95 million during the quarter, compared to analysts’ expectations of $45.00 million. Dawson Geophysical had a negative return on equity of 11.82% and a negative net margin of 2.57%.

Institutional Investors Weigh In On Dawson Geophysical

A number of institutional investors have recently modified their holdings of DWSN. HRT Financial LP purchased a new stake in shares of Dawson Geophysical in the fourth quarter worth $26,000. Virtu Financial LLC purchased a new stake in shares of Dawson Geophysical in the fourth quarter worth $29,000. Bridgeway Capital Management LLC grew its stake in shares of 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 acquiring an additional 9,900 shares during the last quarter. Teton Advisors LLC purchased a new stake in shares of Dawson Geophysical in the third quarter worth $35,000. Finally, Jane Street Group LLC purchased a new stake in shares of Dawson Geophysical in the second quarter worth $52,000. 7.86% of the stock is owned by hedge funds and other institutional investors.

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.