Dawson Geophysical (NASDAQ:DWSN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Dawson Geophysical Company offers onshore seismic data acquisition services primarily in the United States and Canada. The company acquires and processes 2-D, 3-D and multi-component seismic data for oil and gas companies. Dawson Operating Company, formerly known as Dawson Geophysical Company, is headquartered in Midland, Texas. “

Shares of Dawson Geophysical (NASDAQ:DWSN) opened at $5.22 on Tuesday. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 0.04. Dawson Geophysical has a twelve month low of $3.70 and a twelve month high of $8.55.

Several large investors have recently modified their holdings of DWSN. GRT Capital Partners L.L.C. bought a new position in shares of Dawson Geophysical in the 2nd quarter worth $203,000. Ameriprise Financial Inc. increased its holdings in shares of Dawson Geophysical by 70.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 706,073 shares of the oil and gas company’s stock worth $2,768,000 after buying an additional 290,762 shares during the last quarter. Menta Capital LLC increased its holdings in shares of Dawson Geophysical by 12.5% in the 2nd quarter. Menta Capital LLC now owns 49,244 shares of the oil and gas company’s stock worth $193,000 after buying an additional 5,473 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Dawson Geophysical by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,490,953 shares of the oil and gas company’s stock worth $5,845,000 after buying an additional 57,167 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Dawson Geophysical by 261.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 52,217 shares of the oil and gas company’s stock worth $205,000 after buying an additional 37,771 shares during the last quarter. 72.14% of the stock is currently owned by hedge funds and other institutional investors.

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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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