Dawson Geophysical (NASDAQ:DWSN) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Shares of Dawson Geophysical Company (NASDAQ:DWSN) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.74 and traded as high as $4.43. Dawson Geophysical shares last traded at $3.98, with a volume of 31,851 shares.

Analyst Upgrades and Downgrades

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

Dawson Geophysical Trading Down 9.8%

The business’s 50 day moving average price is $3.41 and its two-hundred day moving average price is $2.74. The company has a market capitalization of $123.58 million, a price-to-earnings ratio of 26.53 and a beta of -0.08. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.01 and a current ratio of 1.01.

Dawson Geophysical (NASDAQ:DWSN) last released its earnings results on Thursday, May 14th. The oil and gas company reported $0.25 EPS for the quarter, beating 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 analyst estimates of $27.20 million.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. HRT Financial LP acquired a new position in Dawson Geophysical in the 4th quarter valued at approximately $26,000. Virtu Financial LLC bought a new stake in shares of Dawson Geophysical during the 4th quarter worth $29,000. Bridgeway Capital Management LLC boosted its holdings 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 worth $34,000 after buying an additional 9,900 shares during the period. Teton Advisors LLC bought a new stake in Dawson Geophysical in the 3rd quarter valued at $35,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in Dawson Geophysical in the 1st quarter valued at $40,000. Institutional investors and hedge funds own 7.86% of the company’s stock.

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.