Dawson Geophysical Co. (NASDAQ:DWSN) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $8.84 and last traded at $8.52, with a volume of 225,202 shares changing hands. The stock had previously closed at $8.10.

A number of research analysts have recently commented on DWSN shares. Raymond James Financial Inc. upgraded shares of Dawson Geophysical from a “market perform” rating to a “strong-buy” rating and set a $8.00 price target for the company in a research report on Wednesday, May 11th. Zacks Investment Research lowered shares of Dawson Geophysical from a “hold” rating to a “sell” rating in a research report on Monday, March 14th.

The stock has a 50-day moving average of $7.60 and a 200 day moving average of $4.96. The company’s market capitalization is $183.57 million.

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

In other Dawson Geophysical news, EVP James W. Thomas sold 10,662 shares of the 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 transaction, the executive vice president now directly owns 56,897 shares in the company, valued at $425,589.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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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