ValuEngine upgraded shares of Dawson Geophysical (NASDAQ:DWSN) from a strong sell rating to a sell rating in a research report report published on Tuesday.

Separately, Zacks Investment Research raised shares of Dawson Geophysical from a hold rating to a buy rating and set a $5.50 target price on the stock in a research note on Tuesday, November 7th.

Shares of Dawson Geophysical (NASDAQ:DWSN) traded down $0.41 on Tuesday, reaching $5.59. 48,117 shares of the company traded hands, compared to its average volume of 63,871. Dawson Geophysical has a 1 year low of $3.70 and a 1 year high of $8.55. The stock has a market cap of $133.68, a P/E ratio of -3.58 and a beta of 1.20. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.01 and a current ratio of 4.01.

Several large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its position in shares of Dawson Geophysical by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,490,953 shares of the oil and gas company’s stock valued at $5,845,000 after purchasing an additional 57,167 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Dawson Geophysical by 70.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 706,073 shares of the oil and gas company’s stock valued at $2,768,000 after purchasing an additional 290,762 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in shares of Dawson Geophysical by 10.5% in the 2nd quarter. Moors & Cabot Inc. now owns 81,442 shares of the oil and gas company’s stock valued at $323,000 after buying an additional 7,750 shares in the last quarter. Quantum Capital Management acquired a new position in shares of Dawson Geophysical in the 3rd quarter valued at $340,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Dawson Geophysical by 261.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 52,217 shares of the oil and gas company’s stock valued at $205,000 after buying an additional 37,771 shares in the last quarter. 63.68% of the stock is currently owned by institutional investors.

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About Dawson Geophysical

Dawson Geophysical Company, formerly TGC Industries, Inc, is a provider of onshore seismic data acquisition and processing services with operations throughout the United States and Canada. The Company acquires and processes two-dimensional (2-D), three-dimensional (3-D) and multi-component seismic data for its clients, ranging from oil and gas companies to independent oil and gas operators, as well as providers of multi-client data libraries.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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