Dawson Geophysical (NASDAQ:DWSN) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Dawson Geophysical Company (NASDAQ:DWSN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.42 and traded as high as $3.36. Dawson Geophysical shares last traded at $3.31, with a volume of 67,489 shares changing hands.

Analysts Set New Price Targets

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

Dawson Geophysical Stock Down 1.5%

The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market cap of $102.79 million, a P/E ratio of -47.29 and a beta of -0.12. The stock’s fifty day simple moving average is $3.23 and its 200-day simple moving average is $2.42.

Dawson Geophysical (NASDAQ:DWSN) last posted its quarterly earnings data on Monday, March 30th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). The business had revenue of $26.95 million during the quarter, compared to the consensus estimate of $45.00 million. Dawson Geophysical had a negative net margin of 2.57% and a negative return on equity of 11.82%.

Institutional Trading of Dawson Geophysical

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Grace & White Inc. NY lifted its holdings in shares of Dawson Geophysical by 5.0% during the 3rd quarter. Grace & White Inc. NY now owns 909,879 shares of the oil and gas company’s stock worth $1,601,000 after acquiring an additional 43,457 shares during the period. Citadel Advisors LLC lifted its holdings in shares of Dawson Geophysical by 67.9% during the 3rd 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. Pinnacle Associates Ltd. lifted its holdings in shares of 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 worth $92,000 after acquiring an additional 8,360 shares during the period. Jane Street Group LLC bought a new stake in shares of Dawson Geophysical during the 2nd quarter worth approximately $52,000. Finally, Two Sigma Investments LP bought a new stake in shares of Dawson Geophysical during the 3rd quarter worth approximately $52,000. Institutional investors own 7.86% of the company’s stock.

Dawson Geophysical Company Profile

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.