Dawson Geophysical Co. (NASDAQ:DWSN)’s share price fell 3.8% during mid-day trading on Thursday . The company traded as low as $7.17 and last traded at $7.27, with a volume of 50,543 shares. The stock had previously closed at $7.56.

A number of brokerages recently issued reports on DWSN. Zacks Investment Research raised shares of Dawson Geophysical from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a research report on Wednesday, July 20th. Raymond James Financial Inc. raised shares of Dawson Geophysical from a “market perform” rating to a “strong-buy” rating and set a $8.00 target price on the stock in a research report on Wednesday, May 11th.

The firm has a 50 day moving average price of $7.79 and a 200-day moving average price of $5.34. The firm’s market cap is $157.65 million.

Dawson Geophysical (NASDAQ:DWSN) last released its quarterly earnings results on Tuesday, May 10th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.35) by $0.05. The business earned $47.10 million during the quarter, compared to analysts’ expectations of $73.70 million. Analysts forecast that Dawson Geophysical Co. will post ($1.38) EPS 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 stock was sold at an average price of $7.48, for a total transaction of $79,751.76. Following the completion of 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 legal filing with the SEC, which is available at 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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