Dawson Geophysical (NASDAQ:DWSN) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Dawson Geophysical Company (NASDAQ:DWSN) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.70 and traded as high as $2.04. Dawson Geophysical shares last traded at $1.97, with a volume of 186,108 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Dawson Geophysical in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Dawson Geophysical Stock Up 10.7%

The stock’s 50-day moving average price is $1.83 and its two-hundred day moving average price is $1.70. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $61.16 million, a P/E ratio of -16.42 and a beta of -0.09.

Dawson Geophysical (NASDAQ:DWSN) last posted its quarterly earnings data on Wednesday, November 12th. The oil and gas company reported ($0.04) EPS for the quarter. Dawson Geophysical had a negative net margin of 5.15% and a negative return on equity of 19.72%. The firm had revenue of $22.75 million during the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Grace & White Inc. NY lifted its holdings in Dawson Geophysical by 5.0% during the third quarter. Grace & White Inc. NY now owns 909,879 shares of the oil and gas company’s stock valued at $1,601,000 after purchasing an additional 43,457 shares during the last quarter. Citadel Advisors LLC increased its stake in shares of Dawson Geophysical by 67.9% in the third quarter. Citadel Advisors LLC now owns 60,599 shares of the oil and gas company’s stock worth $107,000 after purchasing an additional 24,504 shares in the last quarter. Pinnacle Associates Ltd. raised its position in shares of Dawson Geophysical by 19.0% in the third quarter. Pinnacle Associates Ltd. now owns 52,360 shares of the oil and gas company’s stock valued at $92,000 after purchasing an additional 8,360 shares during the period. Jane Street Group LLC purchased a new stake in shares of Dawson Geophysical during the 2nd quarter valued at approximately $52,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Dawson Geophysical during the 3rd quarter valued at approximately $52,000. Institutional investors own 7.86% of the company’s stock.

Dawson Geophysical Company Profile

Dawson Geophysical Company provides land-based seismic data acquisition services to the oil and gas industry. Through its subsidiaries, the company specializes in the design, deployment and operation of seismic crews that collect high-fidelity subsurface data. Its services support exploration and development programs by delivering two-dimensional (2D), three-dimensional (3D) and time-lapse (4D) seismic surveys that enable clients to make informed drilling and reservoir management decisions.

The company’s fleet includes vibratory and impulsive seismic sources, high-capacity source trucks, geophone sensor arrays and digital recording systems.