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.
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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