Shares of Dawson Geophysical Co. (NASDAQ:DWSN) traded down 4.6% during mid-day trading on Thursday . The stock traded as low as $7.82 and last traded at $7.83, with a volume of 61,627 shares changing hands. The stock had previously closed at $8.21.

Several analysts have issued reports on the stock. Zacks Investment Research raised shares of Dawson Geophysical from a “sell” rating to a “hold” rating in a research report on Wednesday, May 11th. Raymond James Financial Inc. raised shares of Dawson Geophysical from a “market perform” rating to a “strong-buy” rating and set a $8.00 price objective for the company in a research report on Wednesday, May 11th.

The company’s market capitalization is $175.14 million. The firm has a 50 day moving average price of $7.55 and a 200-day moving average price of $4.92.

Dawson Geophysical (NASDAQ:DWSN) last released its earnings results on Tuesday, May 10th. The company reported ($0.40) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by $0.05. The business earned $47.10 million during the quarter, compared to the consensus estimate of $73.70 million. On average, analysts expect that Dawson Geophysical Co. will post ($1.39) EPS for the current fiscal year.

In other Dawson Geophysical news, EVP James W. Thomas sold 10,662 shares of Dawson Geophysical stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $7.48, for a total transaction of $79,751.76. Following the transaction, the executive vice president now owns 56,897 shares of the company’s stock, valued at approximately $425,589.56. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

An institutional investor recently raised its position in Dawson Geophysical stock. Wedge Capital Management L L P NC raised its stake in shares of Dawson Geophysical Co. (NASDAQ:DWSN) by 2.1% during the fourth quarter, Holdings Channel reports. The firm owned 500,571 shares of the company’s stock after buying an additional 10,200 shares during the period. Wedge Capital Management L L P NC owned 2.33% of Dawson Geophysical worth $1,732,000 at the end of the most recent quarter.

Dawson Geophysical Company, formerly TGC Industries, Inc, is a provider of onshore seismic data acquisition and processing services with operations throughout the United States and Canada. The Company acquires and processes two-dimensional (2-D), three-dimensional (3-D) and multi-component seismic data for its clients, ranging from oil and gas companies to independent oil and gas operators, as well as providers of multi-client data libraries.

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