Dawson Geophysical (NASDAQ:DWSN) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of Dawson Geophysical Company (NASDAQ:DWSN) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.24 and traded as high as $6.62. Dawson Geophysical shares last traded at $6.32, with a volume of 138,466 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DWSN. Wall Street Zen upgraded shares of Dawson Geophysical from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dawson Geophysical in a research note on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Dawson Geophysical currently has a consensus rating of “Hold”.

Dawson Geophysical Price Performance

The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.01 and a current ratio of 1.01. The business’s 50 day simple moving average is $4.50 and its 200-day simple moving average is $3.32. The stock has a market capitalization of $222.63 million, a price-to-earnings ratio of 47.80 and a beta of -0.17.

Dawson Geophysical (NASDAQ:DWSN) last announced its quarterly earnings results on Thursday, May 14th. The oil and gas company reported $0.25 EPS for the quarter, beating the consensus estimate of ($0.29) by $0.54. The company had revenue of $36.70 million for the quarter, compared to analyst estimates of $27.20 million. Dawson Geophysical had a net margin of 4.91% and a return on equity of 26.74%.

Institutional Trading of Dawson Geophysical

Several hedge funds have recently added to or reduced their stakes in DWSN. HRT Financial LP bought a new position in shares of Dawson Geophysical in the fourth quarter worth $26,000. Virtu Financial LLC acquired a new position in shares of Dawson Geophysical during the fourth quarter valued at $29,000. Bridgeway Capital Management LLC raised its stake in shares of Dawson Geophysical by 83.8% during 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. OMERS ADMINISTRATION Corp bought a new stake in shares of Dawson Geophysical during the first quarter valued at about $40,000. Finally, Cetera Investment Advisers acquired a new stake in Dawson Geophysical in the first quarter worth about $41,000. Institutional investors own 7.86% of the company’s stock.

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.