Dawson Geophysical (NASDAQ:DWSN) Releases Earnings Results, Beats Estimates By $0.54 EPS

Dawson Geophysical (NASDAQ:DWSN) announced its earnings results on Thursday. The oil and gas company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.54, FiscalAI reports. Dawson Geophysical had a negative net margin of 2.57% and a negative return on equity of 11.82%. The company had revenue of $36.70 million for the quarter, compared to analyst estimates of $27.20 million.

Dawson Geophysical Trading Up 13.2%

NASDAQ DWSN traded up $0.45 during trading hours on Thursday, hitting $3.86. The company’s stock had a trading volume of 156,229 shares, compared to its average volume of 134,981. The stock has a fifty day moving average of $3.27 and a 200 day moving average of $2.52. Dawson Geophysical has a twelve month low of $1.17 and a twelve month high of $5.54. The firm has a market capitalization of $119.85 million, a P/E ratio of -55.14 and a beta of -0.13. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.72.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DWSN. Weiss Ratings restated a “hold (c-)” rating on shares of Dawson Geophysical in a report on Friday, March 27th. Wall Street Zen upgraded shares of Dawson Geophysical from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Dawson Geophysical

Several large investors have recently bought and sold shares of the business. Pinnacle Associates Ltd. lifted its holdings in Dawson Geophysical by 19.0% in the third quarter. Pinnacle Associates Ltd. now owns 52,360 shares of the oil and gas company’s stock valued at $92,000 after buying an additional 8,360 shares during the period. Bridgeway Capital Management LLC increased its stake 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 purchasing an additional 9,900 shares in the last quarter. HRT Financial LP bought a new stake in Dawson Geophysical in the fourth quarter valued at approximately $26,000. Virtu Financial LLC bought a new stake in Dawson Geophysical in the fourth quarter valued at approximately $29,000. Finally, Citadel Advisors LLC increased its stake in Dawson Geophysical by 67.9% in the third 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 in the last quarter. 7.86% of the stock is currently owned by institutional investors and hedge funds.

Dawson Geophysical Company Profile

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.