Dawson Geophysical Co. (NASDAQ:DWSN) shares traded down 8.6% on Wednesday . The company traded as low as $7.66 and last traded at $7.79, with a volume of 153,896 shares traded. The stock had previously closed at $8.52.

A number of research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Dawson Geophysical from a “sell” rating to a “hold” rating in a research note on Wednesday, May 11th. Raymond James Financial Inc. raised shares of Dawson Geophysical from a “market perform” rating to a “strong-buy” rating and set a $8.00 price objective for the company in a research note on Wednesday, May 11th.

The stock’s market cap is $164.35 million. The stock has a 50 day moving average price of $7.66 and a 200 day moving average price of $5.00.

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

In other Dawson Geophysical news, EVP James W. Thomas sold 10,662 shares of the business’s stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $7.48, for a total transaction of $79,751.76. Following the completion of the transaction, the executive vice president now directly owns 56,897 shares of the company’s stock, valued at approximately $425,589.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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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