Dawson Geophysical Co. (DWSN) Trading Up 1.7%
Shares of Dawson Geophysical Co. (NASDAQ:DWSN) were up 1.7% on Wednesday . The company traded as high as $7.88 and last traded at $7.70, with a volume of 55,220 shares changing hands. The stock had previously closed at $7.57.
A number of analysts have recently weighed in on DWSN shares. Zacks Investment Research upgraded Dawson Geophysical from a “hold” rating to a “buy” rating and set a $9.00 target price for the company in a research note on Wednesday, July 20th. Raymond James Financial Inc. lowered Dawson Geophysical from an “outperform” rating to a “market perform” rating in a research note on Thursday.
The firm’s market capitalization is $166.06 million. The firm’s 50 day moving average price is $7.56 and its 200 day moving average price is $5.93.
In other news, EVP James W. Thomas sold 10,662 shares of the stock in a transaction dated Friday, June 3rd. The stock was 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 SEC, which is available at 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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