Dawson Geophysical Co. (DWSN) Trading 1.2% Higher
Shares of Dawson Geophysical Co. (NASDAQ:DWSN) traded up 1.2% during mid-day trading on Tuesday . The company traded as high as $7.05 and last traded at $6.89, with a volume of 107,938 shares. The stock had previously closed at $6.81.
A number of analysts recently issued reports on DWSN shares. Zacks Investment Research raised Dawson Geophysical from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a research report on Wednesday, July 20th. Raymond James Financial Inc. raised 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 report on Wednesday, May 11th.
The stock has a 50 day moving average price of $7.70 and a 200 day moving average price of $5.46. The firm’s market capitalization is $148.58 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 Zacks’ consensus estimate of ($0.35) by $0.05. The company earned $47.10 million during the quarter, compared to analysts’ expectations of $73.70 million. On average, analysts predict that Dawson Geophysical Co. will post ($1.38) earnings per share for the current fiscal year.
In related news, EVP James W. Thomas sold 10,662 shares of Dawson Geophysical stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $7.48, for a total value of $79,751.76. Following the sale, the executive vice president now directly owns 56,897 shares in the company, valued at $425,589.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
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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