Dawson Geophysical (NASDAQ:DWSN) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Dawson Geophysical (NASDAQ:DWSN) issued its earnings results on Monday. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04), FiscalAI reports. The firm had revenue of $26.95 million for the quarter, compared to analysts’ expectations of $45.00 million. Dawson Geophysical had a negative return on equity of 11.67% and a negative net margin of 2.57%.

Dawson Geophysical Trading Down 11.7%

Shares of NASDAQ:DWSN opened at $3.06 on Wednesday. The firm has a fifty day moving average of $2.99 and a two-hundred day moving average of $2.26. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.43. Dawson Geophysical has a 12-month low of $1.08 and a 12-month high of $5.54. The firm has a market capitalization of $94.86 million, a P/E ratio of -44.79 and a beta of -0.17.

Institutional Trading of Dawson Geophysical

A number of institutional investors have recently bought and sold shares of DWSN. Pinnacle Associates Ltd. lifted its holdings in Dawson Geophysical by 19.0% in the 3rd quarter. Pinnacle Associates Ltd. now owns 52,360 shares of the oil and gas company’s stock worth $92,000 after purchasing an additional 8,360 shares during the last quarter. Bridgeway Capital Management LLC grew its position in Dawson Geophysical by 83.8% in the 4th quarter. Bridgeway Capital Management LLC now owns 21,710 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 9,900 shares during the last quarter. HRT Financial LP bought a new stake in shares of Dawson Geophysical in the fourth quarter valued at about $26,000. Virtu Financial LLC acquired a new stake in Dawson Geophysical during the fourth quarter worth about $29,000. Finally, Citadel Advisors LLC grew its position in Dawson Geophysical by 67.9% during the third quarter. Citadel Advisors LLC now owns 60,599 shares of the oil and gas company’s stock worth $107,000 after buying an additional 24,504 shares in the last quarter. Institutional investors and hedge funds own 7.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DWSN. Wall Street Zen upgraded shares of Dawson Geophysical to a “hold” rating in a research report on Saturday. Weiss Ratings reissued a “hold (c-)” rating on shares of Dawson Geophysical in a research note on Friday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Dawson Geophysical has an average rating of “Hold”.

About Dawson Geophysical

Dawson Geophysical Company provides land-based seismic data acquisition services to the oil and gas industry. Through its subsidiaries, the company specializes in the design, deployment and operation of seismic crews that collect high-fidelity subsurface data. Its services support exploration and development programs by delivering two-dimensional (2D), three-dimensional (3D) and time-lapse (4D) seismic surveys that enable clients to make informed drilling and reservoir management decisions.

The company’s fleet includes vibratory and impulsive seismic sources, high-capacity source trucks, geophone sensor arrays and digital recording systems.