Dawson Geophysical Co. (DWSN) Trading Up 2.5%
Shares of Dawson Geophysical Co. (NASDAQ:DWSN) were up 2.5% during mid-day trading on Thursday . The stock traded as high as $8.00 and last traded at $7.80, with a volume of 104,339 shares trading hands. The stock had previously closed at $7.61.
Several analysts recently issued reports on DWSN shares. 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 target for the company in a research report on Wednesday, May 11th. Zacks Investment Research raised shares of Dawson Geophysical from a “sell” rating to a “hold” rating in a research report on Wednesday, May 11th.
The stock’s 50 day moving average is $7.69 and its 200-day moving average is $5.02. The firm’s market capitalization is $162.51 million.
Dawson Geophysical (NASDAQ:DWSN) last issued its earnings results on Tuesday, May 10th. The company reported ($0.40) earnings per share (EPS) 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 analyst estimates of $73.70 million. On average, analysts forecast that Dawson Geophysical Co. will post ($1.39) earnings per share for the current year.
In other news, EVP James W. Thomas sold 10,662 shares of the stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $7.48, for a total transaction of $79,751.76. Following the completion of the sale, the executive vice president now owns 56,897 shares of the company’s stock, valued at $425,589.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
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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