Dawson Geophysical Co. (DWSN) Trading Up 1.7%
Dawson Geophysical Co. (NASDAQ:DWSN) was up 1.7% during mid-day trading on Wednesday . The stock traded as high as $7.88 and last traded at $7.70, with a volume of 55,220 shares traded. The stock had previously closed at $7.57.
A number of research analysts recently issued reports on DWSN shares. Zacks Investment Research upgraded 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, July 20th. Raymond James Financial Inc. upgraded 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 stock’s market capitalization is $163.68 million. The stock has a 50-day moving average price of $7.58 and a 200-day moving average price of $5.92.
In other Dawson Geophysical news, EVP James W. Thomas sold 10,662 shares of Dawson Geophysical stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $7.48, for a total transaction of $79,751.76. Following the transaction, the executive vice president now directly owns 56,897 shares of the company’s stock, valued at approximately $425,589.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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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