Dawson Geophysical Co. (DWSN) Upgraded to Hold by Zacks Investment Research
According to Zacks, “Dawson Geophysical Company offers onshore seismic data acquisition services primarily in the United States and Canada. The company acquires and processes 2-D, 3-D and multi-component seismic data for oil and gas companies. Dawson Operating Company, formerly known as Dawson Geophysical Company, is headquartered in Midland, Texas. “
Separately, Raymond James Financial Inc. lowered shares of Dawson Geophysical from an outperform rating to a market perform rating in a research report on Thursday, August 25th.
Shares of Dawson Geophysical (NASDAQ:DWSN) opened at 7.43 on Tuesday. Dawson Geophysical has a 12-month low of $2.90 and a 12-month high of $8.87. The firm has a 50-day moving average of $7.34 and a 200-day moving average of $6.68. The firm’s market capitalization is $160.65 million.
In related news, Director Allen T. Mcinnes sold 3,990 shares of the company’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $7.02, for a total transaction of $28,009.80. Following the completion of the sale, the director now directly owns 351,111 shares in the company, valued at approximately $2,464,799.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 7.70% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Moors & Cabot Inc. bought a new position in shares of Dawson Geophysical during the second quarter worth about $103,000. BlackRock Advisors LLC increased its position in shares of Dawson Geophysical by 13.8% in the second quarter. BlackRock Advisors LLC now owns 14,624 shares of the company’s stock worth $119,000 after buying an additional 1,772 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Dawson Geophysical during the second quarter worth about $129,000. Walleye Trading LLC increased its position in shares of Dawson Geophysical by 143.9% in the second quarter. Walleye Trading LLC now owns 16,100 shares of the company’s stock worth $131,000 after buying an additional 9,500 shares during the last quarter. Finally, Acrospire Investment Management LLC increased its position in shares of Dawson Geophysical by 1,134.3% in the second quarter. Acrospire Investment Management LLC now owns 18,132 shares of the company’s stock worth $148,000 after buying an additional 16,663 shares during the last quarter. Institutional investors own 69.77% of the company’s stock.
Dawson Geophysical Company Profile
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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