Dawson Geophysical (DWSN) to Release Quarterly Earnings on Thursday

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

Dawson Geophysical (NASDAQ:DWSN) last released its quarterly earnings results on Thursday, August 2nd. The oil and gas company reported ($0.25) EPS for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.11. The firm had revenue of $36.16 million during the quarter, compared to analyst estimates of $36.00 million. Dawson Geophysical had a negative net margin of 8.62% and a negative return on equity of 10.51%. 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 DWSN traded down $0.03 during mid-day trading on Tuesday, reaching $5.32. 34 shares of the stock traded hands, compared to its average volume of 70,232. The firm has a market capitalization of $127.21 million, a P/E ratio of -3.90 and a beta of 1.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.61 and a quick ratio of 3.61. Dawson Geophysical has a 1 year low of $4.39 and a 1 year high of $8.40.

In related news, Director William J. Barrett bought 18,280 shares of the business’s stock in a transaction that occurred on Monday, August 13th. The stock was bought at an average cost of $5.76 per share, for a total transaction of $105,292.80. Following the completion of the transaction, the director now owns 729,115 shares of the company’s stock, valued at $4,199,702.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William J. Barrett bought 16,600 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The stock was bought at an average price of $5.62 per share, with a total value 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 approximately $4,238,126.30. The disclosure for this purchase can be found here. Insiders purchased 36,650 shares of company stock valued at $208,851 over the last quarter. 8.65% of the stock is owned by company insiders.

An institutional investor recently raised its position in Dawson Geophysical stock. Bank of New York Mellon Corp increased its stake in Dawson Geophysical Co (NASDAQ:DWSN) by 55.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 136,038 shares of the oil and gas company’s stock after acquiring an additional 48,484 shares during the period. Bank of New York Mellon Corp owned about 0.59% of Dawson Geophysical worth $1,074,000 as of its most recent SEC filing. 68.55% of the stock is currently owned by institutional investors.

DWSN has been the subject of a number of recent analyst reports. ValuEngine lowered shares of Dawson Geophysical from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. Zacks Investment Research upgraded shares of Dawson Geophysical from a “sell” rating to a “buy” rating and set a $8.75 price target for the company in a research report on Thursday, August 2nd. Finally, Raymond James lowered shares of Dawson Geophysical from a “strong-buy” rating to an “outperform” rating in a research report on Friday, August 3rd.

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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Earnings History for Dawson Geophysical (NASDAQ:DWSN)

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