Dawson Geophysical (NASDAQ:DWSN) Posts Quarterly Earnings Results, Beats Expectations By $0.54 EPS

Dawson Geophysical (NASDAQ:DWSN) announced its earnings results on Thursday. The oil and gas company reported $0.25 EPS for the quarter, beating the consensus estimate of ($0.29) by $0.54, FiscalAI reports. Dawson Geophysical had a negative return on equity of 11.82% and a negative net margin of 2.57%.The company had revenue of $36.70 million for the quarter, compared to analyst estimates of $27.20 million.

Dawson Geophysical Stock Up 13.2%

DWSN stock traded up $0.45 during trading on Thursday, reaching $3.86. 156,217 shares of the stock were exchanged, compared to its average volume of 134,918. The firm’s 50 day moving average is $3.26 and its 200 day moving average is $2.51. Dawson Geophysical has a twelve month low of $1.17 and a twelve month high of $5.54. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.72. The firm has a market cap of $119.85 million, a P/E ratio of -55.14 and a beta of -0.13.

Wall Street Analyst Weigh In

DWSN has been the topic of several research analyst reports. Wall Street Zen upgraded Dawson Geophysical from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Dawson Geophysical in a research report on Friday, March 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DWSN. Jane Street Group LLC acquired a new position in Dawson Geophysical during the 2nd quarter worth approximately $52,000. Two Sigma Investments LP acquired a new position in Dawson Geophysical during the 3rd quarter worth approximately $52,000. Citadel Advisors LLC raised its stake in Dawson Geophysical by 67.9% during the 3rd quarter. Citadel Advisors LLC now owns 60,599 shares of the oil and gas company’s stock worth $107,000 after buying an additional 24,504 shares during the period. Virtu Financial LLC purchased a new stake in shares of Dawson Geophysical in the fourth quarter worth approximately $29,000. Finally, HRT Financial LP purchased a new stake in shares of Dawson Geophysical in the fourth quarter worth approximately $26,000. 7.86% of the stock is owned by institutional investors and hedge funds.

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.