Dawson Geophysical (NASDAQ:DWSN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Monday. The firm currently has a $6.75 target price on the oil and gas company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 11.39% from the stock’s previous close.

According to Zacks, “Dawson Geophysical Company offers onshore seismic data acquisition services primarily in the United States and Canada. The company acquires and processes 2-D, 3-D and multi-component seismic data for oil and gas companies. Dawson Operating Company, formerly known as Dawson Geophysical Company, is headquartered in Midland, Texas. “

Separately, ValuEngine upgraded Dawson Geophysical from a “strong sell” rating to a “sell” rating in a report on Tuesday, January 9th.

Dawson Geophysical (NASDAQ:DWSN) traded up $0.13 during mid-day trading on Monday, hitting $6.06. The company had a trading volume of 11,516 shares, compared to its average volume of 46,621. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.01 and a quick ratio of 4.01. The stock has a market cap of $128.79, a P/E ratio of -3.88 and a beta of 1.20. Dawson Geophysical has a 52-week low of $3.70 and a 52-week high of $8.55.

Dawson Geophysical (NASDAQ:DWSN) last issued its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported ($0.13) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.34) by $0.21. Dawson Geophysical had a negative return on equity of 21.66% and a negative net margin of 22.90%. sell-side analysts expect that Dawson Geophysical will post -1.48 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of DWSN. Menta Capital LLC increased its holdings in Dawson Geophysical by 12.5% during the 2nd quarter. Menta Capital LLC now owns 49,244 shares of the oil and gas company’s stock worth $193,000 after purchasing an additional 5,473 shares during the period. Goldman Sachs Group Inc. increased its holdings in Dawson Geophysical by 261.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 52,217 shares of the oil and gas company’s stock worth $205,000 after purchasing an additional 37,771 shares during the period. Moors & Cabot Inc. increased its holdings in Dawson Geophysical by 10.5% during the 2nd quarter. Moors & Cabot Inc. now owns 81,442 shares of the oil and gas company’s stock worth $323,000 after purchasing an additional 7,750 shares during the period. Quantum Capital Management purchased a new stake in Dawson Geophysical during the 3rd quarter worth about $340,000. Finally, Ameriprise Financial Inc. increased its holdings in Dawson Geophysical by 70.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 706,073 shares of the oil and gas company’s stock worth $2,768,000 after purchasing an additional 290,762 shares during the period. Institutional investors own 63.68% of the company’s stock.

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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.

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