Dawson Geophysical (NASDAQ:DWSN) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Dawson Geophysical (NASDAQ:DWSN) announced its quarterly earnings data on Thursday. The oil and gas company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.02, Zacks reports. Dawson Geophysical had a net margin of 4.91% and a return on equity of 26.74%.

Dawson Geophysical Stock Performance

Shares of NASDAQ:DWSN traded up $0.18 during midday trading on Thursday, reaching $4.56. The company’s stock had a trading volume of 58,497 shares, compared to its average volume of 151,858. The firm has a market capitalization of $141.59 million, a PE ratio of 30.40 and a beta of -0.15. The stock has a fifty day moving average of $4.90 and a 200 day moving average of $3.80. Dawson Geophysical has a twelve month low of $1.26 and a twelve month high of $7.85. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.50.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Dawson Geophysical in a research note on Wednesday, July 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Institutional Investors Weigh In On Dawson Geophysical

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC raised its stake 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 buying an additional 24,504 shares during the last quarter. Pinnacle Associates Ltd. boosted its stake in shares of 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 worth $92,000 after buying an additional 8,360 shares during the last quarter. Jane Street Group LLC acquired a new stake in Dawson Geophysical during the second quarter worth about $52,000. Two Sigma Investments LP acquired a new stake in Dawson Geophysical during the third quarter worth about $52,000. Finally, Bridgeway Capital Management LLC grew its holdings in 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 worth $34,000 after acquiring an additional 9,900 shares during the period. 7.86% of the stock is 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.