Dawson Geophysical (NASDAQ:DWSN) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Dawson Geophysical Company (NASDAQ:DWSN)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.95 and traded as high as $4.68. Dawson Geophysical shares last traded at $4.49, with a volume of 82,416 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Wall Street Zen upgraded shares of Dawson Geophysical from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dawson Geophysical in a research report on Friday, March 27th. One investment 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 Down 4.8%

The company has a market cap of $135.07 million, a price-to-earnings ratio of 29.00 and a beta of -0.08. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.50. The business has a fifty day moving average price of $3.82 and a two-hundred day moving average price of $2.98.

Dawson Geophysical (NASDAQ:DWSN) last posted its quarterly earnings results on Thursday, May 14th. The oil and gas company reported $0.25 EPS for the quarter, topping the consensus estimate of ($0.29) by $0.54. Dawson Geophysical had a net margin of 4.91% and a return on equity of 26.74%. The business had revenue of $36.70 million during the quarter, compared to analysts’ expectations of $27.20 million.

Hedge Funds Weigh In On Dawson Geophysical

Institutional investors and hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC raised its holdings in shares of Dawson Geophysical by 67.9% during the third quarter. Citadel Advisors LLC now owns 60,599 shares of the oil and gas company’s stock worth $107,000 after acquiring an additional 24,504 shares in the last quarter. Pinnacle Associates Ltd. grew its stake in Dawson Geophysical by 19.0% in the third quarter. Pinnacle Associates Ltd. now owns 52,360 shares of the oil and gas company’s stock valued at $92,000 after purchasing an additional 8,360 shares in the last quarter. Jane Street Group LLC acquired a new position in Dawson Geophysical in the 2nd quarter worth about $52,000. Hillsdale Investment Management Inc. acquired a new position in Dawson Geophysical in the 1st quarter worth about $119,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Dawson Geophysical during the 3rd quarter worth about $52,000. 7.86% of the stock is currently owned by hedge funds and other institutional investors.

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.