Wall Street Zen Upgrades Dawson Geophysical (NASDAQ:DWSN) to “Hold”

Dawson Geophysical (NASDAQ:DWSN) was upgraded by analysts at Wall Street Zen to a “hold” rating in a report issued on Saturday.

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Dawson Geophysical in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Dawson Geophysical has an average rating of “Hold”.

Dawson Geophysical Stock Performance

DWSN opened at $3.25 on Friday. The stock has a market capitalization of $100.91 million, a P/E ratio of -27.08 and a beta of -0.18. Dawson Geophysical has a 12 month low of $1.08 and a 12 month high of $5.54. The firm’s fifty day simple moving average is $2.95 and its 200 day simple moving average is $2.24. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Grace & White Inc. NY increased its stake in Dawson Geophysical by 5.0% in the 3rd quarter. Grace & White Inc. NY now owns 909,879 shares of the oil and gas company’s stock valued at $1,601,000 after buying an additional 43,457 shares during the last quarter. Citadel Advisors LLC lifted its position in 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 buying an additional 24,504 shares in the last quarter. Pinnacle Associates Ltd. boosted its stake 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 buying an additional 8,360 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Dawson Geophysical during the 2nd quarter worth about $52,000. Finally, Two Sigma Investments LP bought a new position in shares of Dawson Geophysical in the 3rd quarter valued at about $52,000. 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.