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

Several analysts recently issued reports on the company. Zacks Investment Research raised Dawson Geophysical from a “sell” rating to a “hold” rating in a research note on Wednesday, May 11th. Raymond James Financial Inc. raised 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.

The firm’s 50-day moving average is $7.70 and its 200-day moving average is $5.04. The stock’s market capitalization is $163.48 million.

Dawson Geophysical (NASDAQ:DWSN) last posted its quarterly earnings results on Tuesday, May 10th. The company reported ($0.40) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by $0.05. The business earned $47.10 million during the quarter, compared to analyst estimates of $73.70 million. On average, equities analysts expect that Dawson Geophysical Co. will post ($1.39) earnings per share for the current fiscal 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 stock was sold at an average price of $7.48, for a total transaction of $79,751.76. Following the sale, the executive vice president now owns 56,897 shares in the company, valued at approximately $425,589.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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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