Dawson Geophysical Co. (DWSN) Stock Price Up 3%
Dawson Geophysical Co. (NASDAQ:DWSN) shares rose 3% on Friday . The stock traded as high as $7.93 and last traded at $7.78, with a volume of 61,828 shares traded. The stock had previously closed at $7.55.
A number of analysts have commented on DWSN shares. 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 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 report on Wednesday, May 11th.
The firm’s market capitalization is $169.31 million. The company’s 50 day moving average price is $7.82 and its 200-day moving average price is $5.22.
Dawson Geophysical (NASDAQ:DWSN) last issued its quarterly earnings data 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 had revenue of $47.10 million for the quarter, compared to the consensus estimate of $73.70 million. Analysts expect that Dawson Geophysical Co. will post ($1.38) earnings per share for the current year.
In other news, EVP James W. Thomas sold 10,662 shares of Dawson Geophysical stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $7.48, for a total value of $79,751.76. Following the sale, the executive vice president now owns 56,897 shares of the company’s stock, valued at $425,589.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
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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