Dawson Geophysical (DWSN) Reaches New 1-Year Low at $4.21
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.
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.
TRADEMARK VIOLATION NOTICE: This news story was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international trademark & copyright laws. The correct version of this news story can be accessed at https://www.watchlistnews.com/dawson-geophysical-dwsn-reaches-new-1-year-low-at-4-21/2626606.html.
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.
Further Reading: How to calculate the annual rate of depreciation
Receive News & Ratings for Dawson Geophysical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dawson Geophysical and related companies with MarketBeat.com's FREE daily email newsletter.