Dawson Geophysical (NASDAQ:DWSN) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Dawson Geophysical Company (NASDAQ:DWSN) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.74 and traded as high as $4.85. Dawson Geophysical shares last traded at $4.35, with a volume of 76,526 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dawson Geophysical in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Dawson Geophysical presently has a consensus rating of “Hold”.

Dawson Geophysical Stock Down 9.0%

The firm has a market capitalization of $135.07 million, a P/E ratio of 29.00 and a beta of -0.15. The company has a fifty day simple moving average of $4.89 and a 200 day simple moving average of $3.74. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.50.

Dawson Geophysical (NASDAQ:DWSN) last announced its quarterly earnings results on Thursday, May 14th. The oil and gas company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.54. The company had revenue of $36.70 million for 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%.

Hedge Funds Weigh In On Dawson Geophysical

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new position in shares of Dawson Geophysical in the second quarter worth $52,000. Pinnacle Associates Ltd. lifted its stake in Dawson Geophysical by 19.0% during the 3rd quarter. Pinnacle Associates Ltd. now owns 52,360 shares of the oil and gas company’s stock valued at $92,000 after acquiring an additional 8,360 shares during the period. Two Sigma Investments LP purchased a new stake in shares of Dawson Geophysical during the 3rd quarter valued at about $52,000. Citadel Advisors LLC grew its stake 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 worth $107,000 after acquiring an additional 24,504 shares during the period. Finally, HRT Financial LP bought a new position in Dawson Geophysical during the fourth quarter valued at approximately $26,000. 7.86% of the stock is owned by institutional investors.

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.