Dawson Geophysical Co. (DWSN) Rating Increased to Hold at Zacks Investment Research
According to Zacks, “Dawson Geophysical Company offers onshore seismic data acquisition services primarily in the United States and Canada. The company acquires and processes 2-D, 3-D and multi-component seismic data for oil and gas companies. Dawson Operating Company, formerly known as Dawson Geophysical Company, is headquartered in Midland, Texas. “
Separately, Raymond James Financial Inc. cut shares of Dawson Geophysical from an outperform rating to a market perform rating in a research note on Thursday, August 25th.
Dawson Geophysical (NASDAQ:DWSN) opened at 7.38 on Tuesday. The stock’s 50 day moving average is $7.33 and its 200 day moving average is $6.71. Dawson Geophysical has a one year low of $2.90 and a one year high of $8.87. The stock’s market capitalization is $159.57 million.
In related news, Director Allen T. Mcinnes sold 3,990 shares of Dawson Geophysical stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $7.02, for a total transaction of $28,009.80. Following the transaction, the director now directly owns 351,111 shares of the company’s stock, valued at $2,464,799.22. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 7.70% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Moors & Cabot Inc. purchased a new position in Dawson Geophysical during the second quarter worth about $103,000. BlackRock Advisors LLC raised its position in Dawson Geophysical by 13.8% in the second quarter. BlackRock Advisors LLC now owns 14,624 shares of the company’s stock worth $119,000 after buying an additional 1,772 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Dawson Geophysical during the second quarter worth about $129,000. Walleye Trading LLC raised its position in Dawson Geophysical by 143.9% in the second quarter. Walleye Trading LLC now owns 16,100 shares of the company’s stock worth $131,000 after buying an additional 9,500 shares during the last quarter. Finally, Acrospire Investment Management LLC raised its position in Dawson Geophysical by 1,134.3% in the second quarter. Acrospire Investment Management LLC now owns 18,132 shares of the company’s stock worth $148,000 after buying an additional 16,663 shares during the last quarter. 69.77% of the stock is currently owned by hedge funds and other institutional investors.
Dawson Geophysical Company Profile
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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