Zacks Investment Research upgraded shares of Dawson Geophysical Company (NASDAQ:DWSN) from a hold rating to a buy rating in a report published on Tuesday. Zacks Investment Research currently has $5.50 price target on the oil and gas company’s stock.

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. “

Shares of Dawson Geophysical (DWSN) opened at $5.38 on Tuesday. Dawson Geophysical has a 52-week low of $3.70 and a 52-week high of $9.00. The company has a quick ratio of 3.57, a current ratio of 4.01 and a debt-to-equity ratio of 0.04.

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Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC bought a new stake in Dawson Geophysical in the first quarter worth $107,000. Menta Capital LLC lifted its position in shares of Dawson Geophysical by 12.5% during the second quarter. Menta Capital LLC now owns 49,244 shares of the oil and gas company’s stock worth $193,000 after purchasing an additional 5,473 shares during the last quarter. LMR Partners LLP bought a new stake in shares of Dawson Geophysical during the second quarter worth $199,000. GRT Capital Partners L.L.C. bought a new stake in shares of Dawson Geophysical during the second quarter worth $203,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of Dawson Geophysical by 261.5% during the second quarter. Goldman Sachs Group Inc. now owns 52,217 shares of the oil and gas company’s stock worth $205,000 after purchasing an additional 37,771 shares during the last quarter. Institutional investors own 65.44% 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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