Dawson Geophysical (NASDAQ:DWSN) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Dawson Geophysical Company (NASDAQ:DWSN)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.66 and traded as high as $3.97. Dawson Geophysical shares last traded at $3.75, with a volume of 105,622 shares changing hands.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wall Street Zen raised shares of Dawson Geophysical from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Dawson Geophysical in a research report on Friday, March 27th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Dawson Geophysical Trading Up 3.7%

The company has a market cap of $120.78 million, a price-to-earnings ratio of 25.93 and a beta of -0.13. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.50. The firm’s 50-day moving average price is $3.24 and its 200 day moving average price is $2.67.

Dawson Geophysical (NASDAQ:DWSN) last announced its quarterly earnings data on Thursday, May 14th. The oil and gas company reported $0.25 EPS for the quarter, topping the consensus estimate of ($0.29) by $0.54. The company had revenue of $36.70 million during the quarter, compared to the consensus estimate of $27.20 million. Dawson Geophysical had a net margin of 4.91% and a return on equity of 26.74%.

Institutional Trading of Dawson Geophysical

Large investors have recently modified their holdings of the stock. HRT Financial LP acquired a new stake in shares of Dawson Geophysical during the 4th quarter worth approximately $26,000. Virtu Financial LLC acquired a new stake in shares of Dawson Geophysical during the 4th quarter worth approximately $29,000. Bridgeway Capital Management LLC grew its position 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 acquired a new stake in shares of Dawson Geophysical during the 3rd quarter worth approximately $35,000. Finally, OMERS ADMINISTRATION Corp acquired 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.