Shares of Dawson Geophysical Co (NASDAQ:DWSN) have received a consensus broker rating score of 2.00 (Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a buy rating. Dawson Geophysical’s rating score has declined by 100% in the last three months as a result of a number of analysts’ ratings changes.

Brokers have set a 12 month consensus price target of $7.00 for the company and are predicting that the company will post ($0.25) EPS for the current quarter, according to Zacks. Zacks has also given Dawson Geophysical an industry rank of 204 out of 255 based on the ratings given to its competitors.

Several equities research analysts recently weighed in on DWSN shares. ValuEngine cut shares of Dawson Geophysical from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. Zacks Investment Research upgraded shares of Dawson Geophysical from a “sell” rating to a “buy” rating and set a $8.75 price target for the company in a research note on Thursday, August 2nd. Finally, Raymond James cut shares of Dawson Geophysical from a “strong-buy” rating to an “outperform” rating in a research note on Friday, August 3rd.

NASDAQ DWSN opened at $5.79 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.61 and a quick ratio of 3.61. Dawson Geophysical has a twelve month low of $4.07 and a twelve month high of $8.40. The stock has a market capitalization of $133.86 million, a P/E ratio of -4.23 and a beta of 0.99.

Dawson Geophysical (NASDAQ:DWSN) last released its earnings results on Thursday, August 2nd. The oil and gas company reported ($0.25) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.36) by $0.11. Dawson Geophysical had a negative net margin of 8.62% and a negative return on equity of 10.51%. The business had revenue of $36.16 million during the quarter, compared to analysts’ expectations of $36.00 million. sell-side analysts anticipate that Dawson Geophysical will post -0.75 earnings per share for the current year.

In other news, Director William J. Barrett acquired 16,600 shares of the company’s stock in a transaction dated Wednesday, August 15th. The stock was bought at an average price of $5.62 per share, with a total value of $93,292.00. Following the completion of the acquisition, the director now owns 754,115 shares in the company, valued at approximately $4,238,126.30. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William J. Barrett acquired 18,280 shares of the company’s stock in a transaction dated Monday, August 13th. The shares were purchased at an average cost of $5.76 per share, with a total value of $105,292.80. Following the acquisition, the director now owns 729,115 shares of the company’s stock, valued at approximately $4,199,702.40. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 36,650 shares of company stock valued at $208,851. Corporate insiders own 7.97% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of DWSN. BlackRock Inc. increased its holdings in shares of Dawson Geophysical by 101.2% during the second quarter. BlackRock Inc. now owns 1,945,151 shares of the oil and gas company’s stock worth $15,366,000 after buying an additional 978,357 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Dawson Geophysical during the second quarter worth approximately $1,108,000. Dimensional Fund Advisors LP increased its holdings in shares of Dawson Geophysical by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,660,621 shares of the oil and gas company’s stock worth $13,119,000 after buying an additional 118,518 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Dawson Geophysical by 5.5% during the second quarter. Renaissance Technologies LLC now owns 1,796,986 shares of the oil and gas company’s stock worth $14,196,000 after buying an additional 94,224 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Dawson Geophysical by 55.4% during the second quarter. Bank of New York Mellon Corp now owns 136,038 shares of the oil and gas company’s stock worth $1,074,000 after buying an additional 48,484 shares in the last quarter. 68.78% of the stock is owned by institutional investors.

About Dawson Geophysical

Dawson Geophysical Company provides onshore seismic data acquisition services in the United States and Canada. The company acquires and processes 2-D, 3-D, and multi-component seismic data for its clients, including oil and gas companies, and independent oil and gas operators, as well as providers of multi-client data libraries.

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