Royce & Associates LP Maintains Stake in Dawson Geophysical Company (DWSN)
Royce & Associates LP held its stake in shares of Dawson Geophysical Company (NASDAQ:DWSN) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,654 shares of the oil and gas company’s stock at the close of the second quarter. Royce & Associates LP owned approximately 0.34% of Dawson Geophysical worth $289,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Minerva Advisors LLC lifted its stake in Dawson Geophysical by 2.2% in the second quarter. Minerva Advisors LLC now owns 378,825 shares of the oil and gas company’s stock valued at $1,481,000 after buying an additional 8,160 shares during the period. Teachers Advisors LLC lifted its stake in 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. US Bancorp DE lifted its stake in Dawson Geophysical by 19.6% in the first quarter. US Bancorp DE now owns 98,785 shares of the oil and gas company’s stock valued at $549,000 after buying an additional 16,200 shares during the period. SG Americas Securities LLC acquired a new position in Dawson Geophysical in the first quarter valued at approximately $107,000. Finally, Renaissance Technologies LLC lifted its stake in Dawson Geophysical by 3.0% in the first quarter. Renaissance Technologies LLC now owns 1,467,442 shares of the oil and gas company’s stock valued at $8,159,000 after buying an additional 42,800 shares during the period. 65.80% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have issued reports on DWSN shares. Zacks Investment Research raised Dawson Geophysical from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. ValuEngine lowered Dawson Geophysical from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th.
Dawson Geophysical Company (NASDAQ DWSN) opened at 4.10 on Tuesday. Dawson Geophysical Company has a 52 week low of $3.70 and a 52 week high of $9.00. The firm has a 50-day moving average price of $4.06 and a 200 day moving average price of $4.59. The firm’s market capitalization is $88.97 million.
Dawson Geophysical (NASDAQ:DWSN) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.68) earnings per share for the quarter, missing the 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, equities research analysts forecast that Dawson Geophysical Company will post ($1.70) earnings per share for the current fiscal year.
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Dawson Geophysical 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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