Dawson Geophysical (DWSN) to Release Earnings on Friday

Dawson Geophysical (NASDAQ:DWSN) is projected to issue its results before the market opens on Friday, March 27th. Analysts expect the company to announce earnings of $0.06 per share and revenue of $45.00 million for the quarter.

Dawson Geophysical Price Performance

DWSN stock traded up $0.24 during mid-day trading on Wednesday, hitting $2.74. The stock had a trading volume of 80,333 shares, compared to its average volume of 133,213. The firm has a fifty day simple moving average of $2.88 and a 200 day simple moving average of $2.21. The firm has a market capitalization of $84.95 million, a P/E ratio of -22.97 and a beta of -0.17. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. Dawson Geophysical has a 52 week low of $1.08 and a 52 week high of $5.54.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Dawson Geophysical in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC grew its holdings in shares of Dawson Geophysical by 67.9% during the 3rd quarter. Citadel Advisors LLC now owns 60,599 shares of the oil and gas company’s stock valued at $107,000 after purchasing an additional 24,504 shares during the last quarter. Pinnacle Associates Ltd. lifted its stake in Dawson Geophysical by 19.0% in the 3rd quarter. Pinnacle Associates Ltd. now owns 52,360 shares of the oil and gas company’s stock valued at $92,000 after purchasing an additional 8,360 shares during the last quarter. Jane Street Group LLC bought a new position in Dawson Geophysical in the 2nd quarter valued at approximately $52,000. Two Sigma Investments LP acquired a new stake in Dawson Geophysical in the third quarter valued at approximately $52,000. Finally, Bridgeway Capital Management LLC boosted its position in Dawson Geophysical by 83.8% in the fourth quarter. Bridgeway Capital Management LLC now owns 21,710 shares of the oil and gas company’s stock valued at $34,000 after buying an additional 9,900 shares in the last quarter. Institutional investors own 7.86% of the company’s stock.

About Dawson Geophysical

Dawson Geophysical Company provides land-based seismic data acquisition services to the oil and gas industry. Through its subsidiaries, the company specializes in the design, deployment and operation of seismic crews that collect high-fidelity subsurface data. Its services support exploration and development programs by delivering two-dimensional (2D), three-dimensional (3D) and time-lapse (4D) seismic surveys that enable clients to make informed drilling and reservoir management decisions.

The company’s fleet includes vibratory and impulsive seismic sources, high-capacity source trucks, geophone sensor arrays and digital recording systems.