Dawson Geophysical (DWSN) Releases Quarterly Earnings Results, Beats Estimates By $0.24 EPS

Dawson Geophysical (NASDAQ:DWSN) announced its earnings results on Wednesday, May 1st. The oil and gas company reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.25) by $0.24, MarketWatch Earnings reports. Dawson Geophysical had a negative net margin of 14.69% and a negative return on equity of 18.36%. The business had revenue of $51.16 million for the quarter, compared to the consensus estimate of $38.05 million.

NASDAQ:DWSN opened at $2.33 on Friday. Dawson Geophysical has a fifty-two week low of $2.20 and a fifty-two week high of $8.40. The stock has a market capitalization of $53.99 million, a PE ratio of -2.18 and a beta of 0.98. The company has a current ratio of 3.04, a quick ratio of 3.04 and a debt-to-equity ratio of 0.10.

In other news, EVP James W. Thomas purchased 13,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were acquired at an average cost of $3.12 per share, for a total transaction of $40,560.00. Following the acquisition, 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 SEC, which is available through this hyperlink. 7.24% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in DWSN. Vanguard Group Inc raised its position in Dawson Geophysical by 4.5% during the 3rd quarter. Vanguard Group Inc now owns 930,101 shares of the oil and gas company’s stock worth $5,757,000 after buying an additional 39,776 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Dawson Geophysical by 4.5% during the 3rd quarter. Vanguard Group Inc. now owns 930,101 shares of the oil and gas company’s stock valued at $5,757,000 after purchasing an additional 39,776 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Dawson Geophysical by 288.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 36,281 shares of the oil and gas company’s stock valued at $224,000 after purchasing an additional 26,951 shares in the last quarter. Morgan Stanley increased its holdings in shares of Dawson Geophysical by 22.2% during the 3rd quarter. Morgan Stanley now owns 245,671 shares of the oil and gas company’s stock valued at $1,521,000 after purchasing an additional 44,617 shares in the last quarter. Finally, Grace & White Inc. NY increased its holdings in shares of Dawson Geophysical by 4.7% during the 1st quarter. Grace & White Inc. NY now owns 1,349,883 shares of the oil and gas company’s stock valued at $3,955,000 after purchasing an additional 60,019 shares in the last quarter. Institutional investors own 70.56% of the company’s stock.

Several equities research analysts have recently weighed in on DWSN shares. Raymond James set a $4.00 target price on shares of Dawson Geophysical and gave the company a “buy” rating in a research note on Thursday, May 2nd. Zacks Investment Research raised shares of Dawson Geophysical from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 13th. Finally, ValuEngine downgraded shares of Dawson Geophysical from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st.

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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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