Shares of Dawson Geophysical Co. (NASDAQ:DWSN) traded down 1.7% on Wednesday . The stock traded as low as $7.87 and last traded at $8.01, with a volume of 80,348 shares trading hands. The stock had previously closed at $8.15.

Several 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 target for the company in a research note on Wednesday, May 11th.

The firm’s 50 day moving average is $7.80 and its 200-day moving average is $5.17. The company’s market capitalization is $172.55 million.

Dawson Geophysical (NASDAQ:DWSN) last issued its earnings results on Tuesday, May 10th. The company reported ($0.40) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.35) by $0.05. The business had revenue of $47.10 million for the quarter, compared to the consensus estimate of $73.70 million. On average, analysts expect that Dawson Geophysical Co. will post ($1.38) 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 on Friday, June 3rd. The shares were sold at an average price of $7.48, for a total transaction of $79,751.76. Following the sale, the executive vice president now directly 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 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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