Dawson Geophysical Co. (NASDAQ:DWSN)’s share price dropped 4.6% on Thursday . The company traded as low as $7.82 and last traded at $7.83, with a volume of 61,627 shares. The stock had previously closed at $8.21.

DWSN has been the topic of a number of research analyst reports. Raymond James Financial Inc. upgraded 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 note on Wednesday, May 11th. Zacks Investment Research lowered Dawson Geophysical from a “hold” rating to a “sell” rating in a research note on Monday, March 14th.

The company’s 50-day moving average is $7.50 and its 200 day moving average is $4.89. The stock’s market cap is $170.61 million.

Dawson Geophysical (NASDAQ:DWSN) last issued its quarterly earnings data on Tuesday, May 10th. The company reported ($0.40) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by $0.05. The company earned $47.10 million during the quarter, compared to the consensus estimate of $73.70 million. Equities research analysts anticipate that Dawson Geophysical Co. will post ($1.39) earnings per share for the current fiscal year.

In related news, EVP James W. Thomas sold 10,662 shares of Dawson Geophysical stock in a transaction on Friday, June 3rd. The stock was 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 owns 56,897 shares of the company’s stock, valued at $425,589.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

A hedge fund recently raised its stake in Dawson Geophysical stock. Wedge Capital Management L L P NC boosted its stake in Dawson Geophysical Co. (NASDAQ:DWSN) by 2.1% during the fourth quarter, Holdings Channel reports. The fund owned 500,571 shares of the company’s stock after buying an additional 10,200 shares during the period. Wedge Capital Management L L P NC owned approximately 2.33% of Dawson Geophysical worth $1,732,000 as of its most recent SEC filing.

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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