Dawson Geophysical Co. (NASDAQ:DWSN) traded down 3.8% during mid-day trading on Thursday . The company traded as low as $7.17 and last traded at $7.27, with a volume of 50,543 shares changing hands. The stock had previously closed at $7.56.

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

The stock’s 50 day moving average is $7.77 and its 200-day moving average is $5.37. The firm’s market capitalization is $160.89 million.

Dawson Geophysical (NASDAQ:DWSN) last issued its earnings results 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 business had revenue of $47.10 million for the quarter, compared to analysts’ expectations of $73.70 million. On average, equities research analysts forecast that Dawson Geophysical Co. will post ($1.38) earnings per share for the current year.

In other Dawson Geophysical news, EVP James W. Thomas sold 10,662 shares of the company’s 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 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 legal 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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