US Bancorp DE Buys 70,244 Shares of Dawson Geophysical Company (NASDAQ:DWSN)
US Bancorp DE increased its stake in shares of Dawson Geophysical Company (NASDAQ:DWSN) by 71.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 169,029 shares of the oil and gas company’s stock after buying an additional 70,244 shares during the period. US Bancorp DE’s holdings in Dawson Geophysical were worth $663,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in shares of Dawson Geophysical during the first quarter valued at $107,000. Teton Advisors Inc. boosted its position in shares of Dawson Geophysical by 11.1% in the first quarter. Teton Advisors Inc. now owns 20,000 shares of the oil and gas company’s stock valued at $111,000 after buying an additional 2,000 shares during the period. Teachers Advisors LLC boosted its position in shares of Dawson Geophysical by 45.2% in the fourth quarter. Teachers Advisors LLC now owns 49,331 shares of the oil and gas company’s stock valued at $397,000 after buying an additional 15,347 shares during the period. Wedge Capital Management L L P NC boosted its position in shares of Dawson Geophysical by 31.1% in the first quarter. Wedge Capital Management L L P NC now owns 224,971 shares of the oil and gas company’s stock valued at $1,251,000 after buying an additional 53,400 shares during the period. Finally, State Street Corp boosted its position in shares of Dawson Geophysical by 7.3% in the fourth quarter. State Street Corp now owns 254,235 shares of the oil and gas company’s stock valued at $2,045,000 after buying an additional 17,322 shares during the period. Institutional investors own 69.38% of the company’s stock.
Dawson Geophysical Company (NASDAQ:DWSN) remained flat at $3.90 during midday trading on Monday. 14,785 shares of the company’s stock were exchanged. The firm’s market capitalization is $84.63 million. Dawson Geophysical Company has a 12-month low of $3.70 and a 12-month high of $9.00. The firm has a 50 day moving average of $4.02 and a 200-day moving average of $5.32.
Dawson Geophysical (NASDAQ:DWSN) last issued its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($0.68) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.41) by $0.27. Dawson Geophysical had a negative return on equity of 26.45% and a negative net margin of 33.36%. The business had revenue of $30.47 million during the quarter. On average, analysts forecast that Dawson Geophysical Company will post ($1.70) earnings per share for the current fiscal year.
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Several equities analysts have recently weighed in on the company. ValuEngine cut Dawson Geophysical from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Zacks Investment Research cut Dawson Geophysical from a “hold” rating to a “sell” rating in a research report on Monday, July 24th.
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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