Dawson Geophysical Co. (DWSN) Stock Price Down 3%
Shares of Dawson Geophysical Co. (NASDAQ:DWSN) were down 3% during mid-day trading on Thursday . The company traded as low as $7.31 and last traded at $7.34, with a volume of 52,777 shares traded. The stock had previously closed at $7.57.
A number of analysts recently issued reports on DWSN shares. Zacks Investment Research upgraded 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. upgraded 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’s 50-day moving average price is $7.55 and its 200 day moving average price is $5.96. The company’s market cap is $165.84 million.
In other 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 completion of the sale, 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 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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