Shares of Dawson Geophysical Co (NASDAQ:DWSN) reached a new 52-week low during trading on Tuesday . The stock traded as low as $4.21 and last traded at $4.34, with a volume of 2032 shares trading hands. The stock had previously closed at $4.37.

Several analysts have commented on the company. ValuEngine cut Dawson Geophysical from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Zacks Investment Research upgraded Dawson Geophysical from a “hold” rating to a “buy” rating and set a $6.25 price target for the company in a report on Tuesday, November 6th. Finally, Raymond James cut Dawson Geophysical from a “strong-buy” rating to an “outperform” rating in a report on Friday, August 3rd.

The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $102.33 million, a PE ratio of -3.16 and a beta of 1.07.

Dawson Geophysical (NASDAQ:DWSN) last issued its earnings results on Thursday, November 1st. The oil and gas company reported ($0.23) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.02. Dawson Geophysical had a negative return on equity of 12.60% and a negative net margin of 10.35%. The business had revenue of $40.45 million during the quarter, compared to analysts’ expectations of $32.13 million. Analysts expect that Dawson Geophysical Co will post -0.73 earnings per share for the current year.

Several large investors have recently modified their holdings of DWSN. BlackRock Inc. grew its holdings in shares of Dawson Geophysical by 101.2% during the 2nd quarter. BlackRock Inc. now owns 1,945,151 shares of the oil and gas company’s stock worth $15,366,000 after purchasing an additional 978,357 shares during the period. Northern Trust Corp grew its holdings in shares of Dawson Geophysical by 235.9% during the 2nd quarter. Northern Trust Corp now owns 265,638 shares of the oil and gas company’s stock worth $2,099,000 after purchasing an additional 186,546 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Dawson Geophysical during the 2nd quarter worth about $1,108,000. Dimensional Fund Advisors LP grew its holdings in shares of Dawson Geophysical by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,660,621 shares of the oil and gas company’s stock worth $13,119,000 after purchasing an additional 118,518 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of Dawson Geophysical by 5.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,796,986 shares of the oil and gas company’s stock worth $14,196,000 after purchasing an additional 94,224 shares during the period. Institutional investors and hedge funds own 68.33% of the company’s stock.

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Dawson Geophysical Company Profile (NASDAQ:DWSN)

Dawson Geophysical Company provides onshore seismic data acquisition services in the United States and Canada. The company acquires and processes 2-D, 3-D, and multi-component seismic data for its clients, including oil and gas companies, and independent oil and gas operators, as well as providers of multi-client data libraries.

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