Zacks Investment Research upgraded shares of Dawson Geophysical (NASDAQ:DWSN) from a hold rating to a buy rating in a research report released on Tuesday morning. They currently have $6.25 target price on the oil and gas company’s stock.

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. “

DWSN has been the subject of several other research reports. ValuEngine downgraded Dawson Geophysical from a buy rating to a hold rating in a research report on Thursday, November 1st. Raymond James downgraded Dawson Geophysical from a strong-buy rating to an outperform rating in a research report on Friday, August 3rd.

DWSN stock traded down $0.22 during midday trading on Tuesday, hitting $5.40. The company had a trading volume of 19,500 shares, compared to its average volume of 59,079. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.61 and a current ratio of 3.46. Dawson Geophysical has a 52 week low of $4.55 and a 52 week high of $8.40. The company has a market capitalization of $134.68 million, a P/E ratio of -3.94 and a beta of 1.07.

Dawson Geophysical (NASDAQ:DWSN) last announced its quarterly earnings data on Thursday, November 1st. The oil and gas company reported ($0.23) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.25) by $0.02. Dawson Geophysical had a negative return on equity of 12.60% and a negative net margin of 10.35%. The firm had revenue of $40.45 million during the quarter, compared to the consensus estimate of $32.13 million. As a group, equities analysts predict that Dawson Geophysical will post -0.73 earnings per share for the current year.

In other Dawson Geophysical news, Director William J. Barrett bought 18,280 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The stock was bought at an average price of $5.76 per share, for a total transaction of $105,292.80. Following the completion of the acquisition, the director now directly owns 729,115 shares in the company, valued at $4,199,702.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William J. Barrett bought 16,600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The shares were acquired at an average price of $5.62 per share, with a total value of $93,292.00. Following the acquisition, the director now owns 754,115 shares of the company’s stock, valued at $4,238,126.30. The disclosure for this purchase can be found here. 7.97% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the stock. Wedge Capital Management L L P NC raised its holdings in shares of Dawson Geophysical by 5.0% during the second quarter. Wedge Capital Management L L P NC now owns 169,281 shares of the oil and gas company’s stock valued at $1,337,000 after acquiring an additional 8,059 shares in the last quarter. Grace & White Inc. NY raised its holdings in shares of Dawson Geophysical by 0.8% during the second quarter. Grace & White Inc. NY now owns 1,046,301 shares of the oil and gas company’s stock valued at $8,266,000 after acquiring an additional 8,159 shares in the last quarter. Robotti Robert raised its holdings in shares of Dawson Geophysical by 5.0% during the second quarter. Robotti Robert now owns 230,267 shares of the oil and gas company’s stock valued at $1,819,000 after acquiring an additional 10,959 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Dawson Geophysical by 49.0% in the third quarter. Russell Investments Group Ltd. now owns 36,172 shares of the oil and gas company’s stock worth $224,000 after purchasing an additional 11,900 shares during the period. Finally, Trexquant Investment LP purchased a new stake in Dawson Geophysical in the third quarter worth $106,000. Institutional investors own 68.60% of the company’s stock.

Dawson Geophysical Company Profile

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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