Zacks: Analysts Set $7.00 Price Target for Dawson Geophysical Co (DWSN)

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Dawson Geophysical Co (NASDAQ:DWSN) has been given a consensus 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 rating. Dawson Geophysical’s rating score has declined by 100% from three months ago as a result of various analysts’ ratings changes.

Brokers have set a 12-month consensus price objective of $7.00 for the company and are anticipating that the company will post ($0.25) earnings per share for the current quarter, according to Zacks. Zacks has also given Dawson Geophysical an industry rank of 177 out of 255 based on the ratings given to related companies.

Several equities analysts have issued reports on the stock. 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 cut shares of Dawson Geophysical from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. 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.

In other Dawson Geophysical news, Director William J. Barrett acquired 16,600 shares of the stock in a transaction dated Wednesday, August 15th. The shares were purchased at an average price of $5.62 per share, for a total transaction of $93,292.00. Following the purchase, the director now directly owns 754,115 shares of the company’s stock, valued at $4,238,126.30. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director William J. Barrett acquired 18,280 shares of the stock in a transaction dated Monday, August 13th. The stock was acquired at an average price of $5.76 per share, for a total transaction of $105,292.80. Following the purchase, the director now directly owns 729,115 shares in the company, valued at $4,199,702.40. The disclosure for this purchase can be found here. Insiders have acquired a total of 36,650 shares of company stock worth $208,851 in the last 90 days. Company insiders own 8.65% of the company’s stock.

Several large investors have recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Dawson Geophysical by 101.2% in the 2nd quarter. BlackRock Inc. now owns 1,945,151 shares of the oil and gas company’s stock worth $15,366,000 after purchasing an additional 978,357 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Dawson Geophysical by 5.5% in the 2nd quarter. Renaissance Technologies LLC now owns 1,796,986 shares of the oil and gas company’s stock worth $14,196,000 after purchasing an additional 94,224 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Dawson Geophysical by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,660,621 shares of the oil and gas company’s stock worth $13,119,000 after purchasing an additional 118,518 shares during the period. Grace & White Inc. NY lifted its stake in shares of Dawson Geophysical by 0.8% in the 2nd quarter. Grace & White Inc. NY now owns 1,046,301 shares of the oil and gas company’s stock worth $8,266,000 after purchasing an additional 8,159 shares during the period. Finally, First Wilshire Securities Management Inc. lifted its stake in shares of Dawson Geophysical by 3.4% in the 2nd quarter. First Wilshire Securities Management Inc. now owns 550,412 shares of the oil and gas company’s stock worth $4,348,000 after purchasing an additional 18,051 shares during the period. Hedge funds and other institutional investors own 68.38% of the company’s stock.

DWSN traded down $0.09 during midday trading on Friday, hitting $5.73. 84,674 shares of the company traded hands, compared to its average volume of 84,866. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.61 and a current ratio of 3.61. The stock has a market capitalization of $141.88 million, a P/E ratio of -4.18 and a beta of 1.00. Dawson Geophysical has a 52 week low of $4.29 and a 52 week high of $8.40.

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

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