Shares of Dawson Geophysical Co. (NASDAQ:DWSN) traded down 5% on Tuesday . The company traded as low as $7.38 and last traded at $7.42, with a volume of 76,804 shares changing hands. The stock had previously closed at $7.81.

A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of Dawson Geophysical from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a report on Wednesday, July 20th. 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 report on Wednesday, May 11th.

The company has a 50 day moving average price of $7.68 and a 200-day moving average price of $5.60. The firm’s market capitalization is $160.44 million.

Dawson Geophysical (NASDAQ:DWSN) last posted its quarterly earnings data on Tuesday, May 10th. The company reported ($0.40) earnings per share (EPS) 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 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 fiscal year.

In other 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 transaction 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 approximately $425,589.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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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