According to Zacks, “Dawson Geophysical Company offers onshore seismic data acquisition services primarily in the United States and Canada. The company acquires and processes 2-D, 3-D and multi-component seismic data for oil and gas companies. Dawson Operating Company, formerly known as Dawson Geophysical Company, is headquartered in Midland, Texas. “
Separately, Raymond James Financial Inc. lowered shares of Dawson Geophysical from an outperform rating to a market perform rating in a report on Thursday, August 25th.
Dawson Geophysical (NASDAQ:DWSN) opened at 7.43 on Tuesday. The firm’s 50-day moving average is $7.34 and its 200-day moving average is $6.68. The stock’s market capitalization is $160.65 million. Dawson Geophysical has a 12 month low of $2.90 and a 12 month high of $8.87.
In related news, Director Allen T. Mcinnes sold 3,990 shares of the firm’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $7.02, for a total value of $28,009.80. Following the completion of the transaction, the director now directly owns 351,111 shares of the company’s stock, valued at $2,464,799.22. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 7.70% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Moors & Cabot Inc. acquired a new position in Dawson Geophysical during the second quarter worth $103,000. BlackRock Advisors LLC increased its stake in shares of Dawson Geophysical by 13.8% in the second quarter. BlackRock Advisors LLC now owns 14,624 shares of the company’s stock worth $119,000 after buying an additional 1,772 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Dawson Geophysical during the second quarter worth about $129,000. Walleye Trading LLC increased its stake in shares of Dawson Geophysical by 143.9% in the second quarter. Walleye Trading LLC now owns 16,100 shares of the company’s stock worth $131,000 after buying an additional 9,500 shares in the last quarter. Finally, Acrospire Investment Management LLC increased its stake in shares of Dawson Geophysical by 1,134.3% in the second quarter. Acrospire Investment Management LLC now owns 18,132 shares of the company’s stock worth $148,000 after buying an additional 16,663 shares in the last quarter. 69.77% of the stock is owned by hedge funds and other institutional investors.
About Dawson Geophysical
Dawson Geophysical Company, formerly TGC Industries, Inc, is a provider of onshore seismic data acquisition and processing services with operations throughout the United States and Canada. The Company acquires and processes two-dimensional (2-D), three-dimensional (3-D) and multi-component seismic data for its clients, ranging from oil and gas companies to independent oil and gas operators, as well as providers of multi-client data libraries.
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