Dawson Geophysical Co. (NASDAQ:DWSN)’s share price shot up 3.4% during mid-day trading on Monday . The company traded as high as $7.88 and last traded at $7.68, with a volume of 89,705 shares. The stock had previously closed at $7.43.

A number of research firms have recently issued reports on DWSN. Raymond James Financial Inc. upgraded Dawson Geophysical from a “market perform” rating to a “strong-buy” rating and set a $8.00 price objective for the company in a report on Wednesday, May 11th. Zacks Investment Research upgraded Dawson Geophysical from a “sell” rating to a “hold” rating in a report on Wednesday, May 11th.

The stock’s market capitalization is $168.87 million. The stock has a 50-day moving average price of $7.66 and a 200-day moving average price of $5.50.

Dawson Geophysical (NASDAQ:DWSN) last announced its earnings results on Tuesday, May 10th. The company reported ($0.40) EPS 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 the consensus estimate of $73.70 million. On average, equities analysts anticipate 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 the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 56,897 shares of the company’s stock, valued at approximately $425,589.56. The sale was disclosed in a legal filing with the SEC, which is available 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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