Dawson Geophysical Co. (DWSN) Trading 3% Higher
Dawson Geophysical Co. (NASDAQ:DWSN)’s share price traded up 3% on Friday . The stock traded as high as $7.93 and last traded at $7.78, with a volume of 61,828 shares trading hands. The stock had previously closed at $7.55.
DWSN has been the topic of several analyst reports. Zacks Investment Research raised shares of Dawson Geophysical from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a research note on Wednesday. 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 on the stock in a research note on Wednesday, May 11th.
The stock’s market cap is $169.31 million. The stock has a 50 day moving average of $7.81 and a 200-day moving average of $5.19.
Dawson Geophysical (NASDAQ:DWSN) last released its quarterly earnings data 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 had revenue of $47.10 million for the quarter, compared to analysts’ expectations of $73.70 million. On average, analysts expect that Dawson Geophysical Co. will post ($1.38) earnings per share for the current fiscal year.
In other Dawson Geophysical news, EVP James W. Thomas sold 10,662 shares of the company’s stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $7.48, for a total value of $79,751.76. Following the transaction, the executive vice president now owns 56,897 shares in the company, valued at approximately $425,589.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
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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