Dawson Geophysical Company (DWSN) Position Held by LSV Asset Management
LSV Asset Management held its position in Dawson Geophysical Company (NASDAQ:DWSN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 97,874 shares of the oil and gas company’s stock at the close of the second quarter. LSV Asset Management owned about 0.45% of Dawson Geophysical worth $383,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of DWSN. Grace & White Inc. NY grew its stake in Dawson Geophysical by 8.1% in the second quarter. Grace & White Inc. NY now owns 1,145,460 shares of the oil and gas company’s stock valued at $4,490,000 after acquiring an additional 86,025 shares during the period. US Bancorp DE boosted its position in shares of Dawson Geophysical by 71.1% during the second quarter. US Bancorp DE now owns 169,029 shares of the oil and gas company’s stock worth $663,000 after buying an additional 70,244 shares during the period. Wedge Capital Management L L P NC boosted its position in shares of Dawson Geophysical by 22.8% during the second quarter. Wedge Capital Management L L P NC now owns 276,171 shares of the oil and gas company’s stock worth $1,083,000 after buying an additional 51,200 shares during the period. LMR Partners LLP acquired a new position in shares of Dawson Geophysical during the second quarter worth about $199,000. Finally, Ameriprise Financial Inc. boosted its position in shares of Dawson Geophysical by 12.1% during the first quarter. Ameriprise Financial Inc. now owns 415,311 shares of the oil and gas company’s stock worth $2,309,000 after buying an additional 44,860 shares during the period. 65.80% of the stock is owned by hedge funds and other institutional investors.
Dawson Geophysical Company (NASDAQ:DWSN) opened at 4.33 on Monday. Dawson Geophysical Company has a 52-week low of $3.70 and a 52-week high of $9.00. The firm’s market capitalization is $93.97 million. The stock’s 50 day moving average price is $4.06 and its 200 day moving average price is $4.57.
Dawson Geophysical (NASDAQ:DWSN) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.68) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.41) by ($0.27). Dawson Geophysical had a negative return on equity of 26.45% and a negative net margin of 33.36%. The business had revenue of $30.47 million during the quarter. On average, analysts predict that Dawson Geophysical Company will post ($1.70) EPS for the current fiscal year.
Several research analysts have recently weighed in on the company. Zacks Investment Research cut Dawson Geophysical from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. ValuEngine cut Dawson Geophysical from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th.
About Dawson Geophysical
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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