Dawson Geophysical Co. (DWSN, Financial), an onshore seismic data acquisition service provider, experienced a significant stock price drop of 10.89%, bringing its share value to $1.39. The trading volume was notably low at 708 shares, indicating minimal market activity. The company's financial report reveals challenges, with operating revenue of $14.42 million but a net loss of $5.62 million, translating to an earnings per share (EPS) of -$0.18. The gross profit was negative at -$3.26 million, and the price-to-earnings (P/E) ratio stood at -8.49, reflecting financial instability.
No current institutional recommendations for "buy," "hold," or "sell" have been made for Dawson Geophysical Co. The broader oil and gas equipment and services sector saw a decline of 0.88%. Within this sector, Landbridge Company Llc, Enerflex Ltd, and Natural Gas Services Group, Inc. showed notable gains, while Kodiak Gas Services, Inc., Landbridge Company Llc, and Nine Energy Service had high trading activity. Stocks such as Landbridge Company Llc and Nine Energy Service exhibited significant price volatility with amplitudes of 14.90% and 8.47%, respectively.
Dawson Geophysical Co. operates primarily in the U.S. and offers services essential for drilling and production of oil and gas. It specializes in acquiring and processing seismic data, including two-dimensional, three-dimensional, and multi-component data, crucial for its clients, primarily oil and gas companies. The firm also provides a multi-client database and engages in multi-component seismic data surveys, including recording shear waves.
