Dawson Geophysical Co. (NASDAQ:DWSN) traded down 1.7% during mid-day trading on Wednesday . The stock traded as low as $7.87 and last traded at $8.01, with a volume of 80,348 shares traded. The stock had previously closed at $8.15.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Dawson Geophysical from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a research report on Wednesday. Raymond James Financial Inc. upgraded 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 $167.15 million. The firm’s 50 day moving average price is $7.81 and its 200 day moving average price is $5.19.

Dawson Geophysical (NASDAQ:DWSN) last posted 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 company earned $47.10 million during the quarter, compared to analysts’ expectations of $73.70 million. On average, equities analysts anticipate that Dawson Geophysical Co. will post ($1.38) EPS for the current year.

In related news, EVP James W. Thomas sold 10,662 shares of the business’s stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $7.48, for a total value of $79,751.76. Following the completion of the sale, the executive vice president now directly owns 56,897 shares in the company, valued at approximately $425,589.56. The transaction was disclosed in a filing with the SEC, which can be accessed 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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