Dawson Geophysical Co (NASDAQ:DWSN) has received a consensus broker rating score of 2.00 (Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating.

Analysts have set a one year consensus price objective of $4.00 for the company and are forecasting that the company will post ($0.41) earnings per share for the current quarter, according to Zacks. Zacks has also given Dawson Geophysical an industry rank of 210 out of 256 based on the ratings given to its competitors.

A number of equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of Forward Air from a “hold” rating to a “sell” rating in a research report on Monday, June 17th. ValuEngine lowered shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, Raymond James reiterated a “buy” rating and issued a $21.00 price target on shares of Colfax in a research report on Thursday, May 2nd.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Morgan Stanley raised its stake in Dawson Geophysical by 22.2% during the third quarter. Morgan Stanley now owns 245,671 shares of the oil and gas company’s stock valued at $1,521,000 after purchasing an additional 44,617 shares in the last quarter. Rhumbline Advisers raised its stake in Dawson Geophysical by 46.2% during the fourth quarter. Rhumbline Advisers now owns 29,555 shares of the oil and gas company’s stock valued at $100,000 after purchasing an additional 9,339 shares in the last quarter. BlackRock Inc. raised its stake in shares of Dawson Geophysical by 0.5% in the fourth quarter. BlackRock Inc. now owns 1,887,468 shares of the oil and gas company’s stock valued at $6,378,000 after acquiring an additional 9,775 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Dawson Geophysical by 8.3% in the fourth quarter. Bank of New York Mellon Corp now owns 145,447 shares of the oil and gas company’s stock valued at $492,000 after acquiring an additional 11,184 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Dawson Geophysical by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,745,463 shares of the oil and gas company’s stock valued at $5,900,000 after acquiring an additional 21,110 shares during the period. Institutional investors and hedge funds own 66.92% of the company’s stock.

NASDAQ DWSN traded down $0.08 during trading hours on Friday, hitting $2.57. 505 shares of the company’s stock traded hands, compared to its average volume of 178,929. The stock has a fifty day simple moving average of $2.31. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.04 and a quick ratio of 3.04. The firm has a market capitalization of $60.71 million, a price-to-earnings ratio of -2.43 and a beta of 1.14. Dawson Geophysical has a 52 week low of $2.01 and a 52 week high of $7.99.

Dawson Geophysical (NASDAQ:DWSN) last announced its earnings results on Wednesday, May 1st. The oil and gas company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.24. The company had revenue of $51.16 million during the quarter, compared to analyst estimates of $38.05 million. Dawson Geophysical had a negative net margin of 14.69% and a negative return on equity of 18.36%. As a group, equities analysts predict that Dawson Geophysical will post -0.85 earnings per share for the current fiscal year.

Dawson Geophysical Company Profile

Dawson Geophysical Company provides onshore seismic data acquisition services in the United States and Canada. The company acquires and processes 2-D, 3-D, and multi-component seismic data for its clients, including oil and gas companies, and independent oil and gas operators, as well as providers of multi-client data libraries.

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