Dawson Geophysical Co (NASDAQ:DWSN) has been assigned an average broker rating score of 2.00 (Buy) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation.

Brokerages have set a one year consensus price objective of $4.00 for the company and are forecasting that the company will post ($0.41) earnings per share for the current quarter, according to Zacks. Zacks has also given Dawson Geophysical an industry rank of 146 out of 256 based on the ratings given to related companies.

DWSN has been the subject of several recent analyst reports. Zacks Investment Research upgraded Dawson Geophysical from a “sell” rating to a “hold” rating in a research note on Thursday, January 31st. Raymond James set a $4.00 price target on Dawson Geophysical and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Finally, ValuEngine downgraded Dawson Geophysical from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st.

In other Dawson Geophysical news, EVP James W. Thomas acquired 13,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was acquired at an average price of $3.12 per share, with a total value of $40,560.00. Following the transaction, the executive vice president now owns 59,400 shares of the company’s stock, valued at $185,328. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 7.24% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of DWSN. JPMorgan Chase & Co. grew its position in Dawson Geophysical by 468.2% during the 1st quarter. JPMorgan Chase & Co. now owns 462,300 shares of the oil and gas company’s stock worth $1,354,000 after acquiring an additional 380,932 shares during the last quarter. Salem Investment Counselors Inc. bought a new stake in Dawson Geophysical during the fourth quarter worth about $1,231,000. Grace & White Inc. NY boosted its stake in Dawson Geophysical by 19.0% during the fourth quarter. Grace & White Inc. NY now owns 1,289,864 shares of the oil and gas company’s stock worth $4,360,000 after acquiring an additional 206,197 shares in the last quarter. Moors & Cabot Inc. boosted its stake in Dawson Geophysical by 95.7% during the first quarter. Moors & Cabot Inc. now owns 144,002 shares of the oil and gas company’s stock worth $432,000 after acquiring an additional 70,426 shares in the last quarter. Finally, Wedge Capital Management L L P NC boosted its stake in Dawson Geophysical by 35.1% during the fourth quarter. Wedge Capital Management L L P NC now owns 269,127 shares of the oil and gas company’s stock worth $910,000 after acquiring an additional 69,924 shares in the last quarter. 68.66% of the stock is owned by institutional investors and hedge funds.

DWSN stock traded up $0.10 during trading on Friday, reaching $2.34. 8,038 shares of the company’s stock were exchanged, compared to its average volume of 97,138. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.04 and a current ratio of 3.04. Dawson Geophysical has a 1-year low of $2.15 and a 1-year high of $8.40. The firm has a market capitalization of $52.60 million, a PE ratio of -2.18 and a beta of 0.98.

Dawson Geophysical (NASDAQ:DWSN) last announced its quarterly earnings results on Wednesday, May 1st. The oil and gas company reported ($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.24. Dawson Geophysical had a negative return on equity of 18.36% and a negative net margin of 14.69%. The company had revenue of $51.16 million during the quarter, compared to analyst estimates of $38.05 million. Equities research analysts predict that Dawson Geophysical will post -0.85 earnings per share for the current fiscal year.

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.

See Also: Is it Safe to Invest in Commodities?

Get a free copy of the Zacks research report on Dawson Geophysical (DWSN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Dawson Geophysical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dawson Geophysical and related companies with MarketBeat.com's FREE daily email newsletter.