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

Dawson Geophysical Company (NASDAQ:DWSN) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.52 and traded as high as $5.24. Dawson Geophysical shares last traded at $4.88, with a volume of 326,314 shares trading hands.

Analysts Set New Price Targets

DWSN has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dawson Geophysical in a research note on Wednesday, July 8th. Wall Street Zen upgraded Dawson Geophysical from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Dawson Geophysical Stock Up 4.6%

The company has a market cap of $154.63 million, a PE ratio of 33.20 and a beta of -0.17. The company’s 50 day moving average is $4.78 and its 200 day moving average is $3.54. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.50.

Dawson Geophysical (NASDAQ:DWSN) last released its quarterly earnings data on Thursday, May 14th. The oil and gas company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.54. The company had revenue of $36.70 million during the quarter, compared to analysts’ expectations 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

A number of large investors have recently modified their holdings of DWSN. Jane Street Group LLC bought a new position in shares of Dawson Geophysical during the 2nd quarter worth $52,000. Hillsdale Investment Management Inc. purchased a new position in shares of Dawson Geophysical during the first quarter valued at $119,000. Two Sigma Investments LP bought a new stake in shares of Dawson Geophysical in the third quarter valued at about $52,000. Citadel Advisors LLC raised its holdings in shares of Dawson Geophysical by 67.9% in the third quarter. Citadel Advisors LLC now owns 60,599 shares of the oil and gas company’s stock valued at $107,000 after acquiring an additional 24,504 shares in the last quarter. Finally, Sanders Morris Harris LLC purchased a new stake in Dawson Geophysical in the second quarter worth about $119,000. Hedge funds and other institutional investors 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.