Zacks Investment Research upgraded shares of Dawson Geophysical Company (NASDAQ:DWSN) from a sell rating to a hold rating in a report issued on Tuesday, July 4th.

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, ValuEngine cut shares of Dawson Geophysical from a sell rating to a strong sell rating in a research report on Saturday, June 24th.

Shares of Dawson Geophysical (NASDAQ DWSN) traded up 4.05% during midday trading on Tuesday, hitting $4.37. The stock had a trading volume of 55,368 shares. The firm’s market cap is $94.75 million. Dawson Geophysical 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 $4.03 and a 200 day moving average of $5.48.

Dawson Geophysical (NASDAQ:DWSN) last issued its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($0.68) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.41) by $0.27. The firm had revenue of $30.47 million for the quarter. Dawson Geophysical had a negative net margin of 31.47% and a negative return on equity of 23.01%. On average, analysts expect that Dawson Geophysical will post ($1.45) earnings per share for the current year.

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Large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in Dawson Geophysical by 3.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,433,786 shares of the oil and gas company’s stock worth $7,972,000 after buying an additional 44,346 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Dawson Geophysical during the first quarter worth $107,000. Beddow Capital Management Inc. raised its stake in Dawson Geophysical by 0.7% in the first quarter. Beddow Capital Management Inc. now owns 2,001,882 shares of the oil and gas company’s stock worth $11,130,000 after buying an additional 14,178 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Dawson Geophysical by 12.1% in the first quarter. Ameriprise Financial Inc. now owns 415,311 shares of the oil and gas company’s stock worth $2,309,000 after buying an additional 44,860 shares in the last quarter. Finally, Teton Advisors Inc. raised its stake in 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. Institutional investors own 71.20% 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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