Dawson Geophysical (DWSN) to Release Quarterly Earnings on Thursday

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Dawson Geophysical (NASDAQ:DWSN) is scheduled to post its quarterly earnings results before the market opens on Thursday, November 1st. Analysts expect Dawson Geophysical to post earnings of ($0.25) per share for the quarter.

Dawson Geophysical (NASDAQ:DWSN) last issued its earnings results on Thursday, August 2nd. The oil and gas company reported ($0.25) earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $36.16 million during the quarter, compared to analysts’ expectations of $36.00 million. On average, analysts expect Dawson Geophysical to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Shares of Dawson Geophysical stock opened at $5.47 on Wednesday. Dawson Geophysical has a 12-month low of $4.39 and a 12-month high of $8.40. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.61 and a quick ratio of 3.61. The stock has a market capitalization of $127.21 million, a price-to-earnings ratio of -3.99 and a beta of 1.00.

A number of research analysts have issued reports on the stock. Zacks Investment Research raised shares of Dawson Geophysical from a “sell” rating to a “buy” rating and set a $8.75 target price for the company in a report on Thursday, August 2nd. ValuEngine raised shares of Dawson Geophysical from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Finally, Raymond James cut shares of Dawson Geophysical from a “strong-buy” rating to an “outperform” rating in a report on Friday, August 3rd.

In other Dawson Geophysical news, Director William J. Barrett purchased 16,600 shares of the stock in a transaction dated Wednesday, August 15th. The shares were acquired at an average cost of $5.62 per share, for a total transaction of $93,292.00. Following the completion of the transaction, the director now directly owns 754,115 shares of the company’s stock, valued at $4,238,126.30. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director William J. Barrett purchased 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 completion of the transaction, the director now directly owns 729,115 shares of the company’s stock, valued at $4,199,702.40. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 36,650 shares of company stock valued at $208,851. 8.65% of the stock is currently owned by corporate insiders.

A hedge fund recently raised its stake in Dawson Geophysical stock. Bank of New York Mellon Corp grew its holdings in Dawson Geophysical Co (NASDAQ:DWSN) by 55.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,038 shares of the oil and gas company’s stock after purchasing an additional 48,484 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.59% of Dawson Geophysical worth $1,074,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 68.55% of the company’s stock.

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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Earnings History for Dawson Geophysical (NASDAQ:DWSN)

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