Dawson Geophysical (NASDAQ:DWSN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Dawson Geophysical (NASDAQ:DWSN) to a hold rating in a research report released on Saturday morning.

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dawson Geophysical in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Dawson Geophysical Price Performance

Shares of Dawson Geophysical stock opened at $2.64 on Friday. The stock has a market cap of $81.97 million, a P/E ratio of -22.00 and a beta of -0.18. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.80. The stock’s fifty day moving average is $2.96 and its 200 day moving average is $2.24. Dawson Geophysical has a one year low of $1.08 and a one year high of $5.54.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Grace & White Inc. NY lifted its stake in shares of Dawson Geophysical by 5.0% during the 3rd quarter. Grace & White Inc. NY now owns 909,879 shares of the oil and gas company’s stock valued at $1,601,000 after buying an additional 43,457 shares in the last quarter. Citadel Advisors LLC increased its stake in Dawson Geophysical by 67.9% in the 3rd quarter. Citadel Advisors LLC now owns 60,599 shares of the oil and gas company’s stock worth $107,000 after buying an additional 24,504 shares in the last quarter. Pinnacle Associates Ltd. increased 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 worth $92,000 after buying an additional 8,360 shares in the last quarter. Jane Street Group LLC bought a new stake in Dawson Geophysical during the second quarter valued at about $52,000. Finally, Two Sigma Investments LP bought a new stake in Dawson Geophysical during the third quarter valued at about $52,000. Hedge funds and other 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.