Dawson Geophysical Co (DWSN) Files Form 4 Insider Selling : James W Thomas Sells 10,662 Shares

Dawson Geophysical Co (DWSN): James W Thomas , EVP, Chief Technical Officer of Dawson Geophysical Co sold 10,662 shares on Jun 2, 2016. The Insider selling transaction was reported by the company on Jun 3, 2016 to the Securities and Exchange Commission. The shares were sold at $7.48 per share for a total value of $79,751.76 , the company said in a SEC Form 4 Filing.

Shares of Dawson Geophysical Co (DWSN) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -0.17 points or -2.28% at $7.28 with 1,28,153 shares getting traded. Post opening the session at $7.46, the shares hit an intraday low of $7.04 and an intraday high of $7.6 and the price vacillated in this range throughout the day. The company has a market cap of $157 M and the number of outstanding shares has been calculated to be 2,15,96,240 shares. The 52-week high of Dawson Geophysical Co is $7.6 and the 52-week low is $2.9.

Dawson Geophysical Co Money Flow Index Chart

Company has been under the radar of several Street Analysts.Dawson Geophysical Co is Upgraded by Raymond James to Strong Buy and the brokerage firm has set the Price Target at $8. Earlier the firm had a rating of Mkt Perform on the company shares. The Rating was issued on May 11, 2016.

Dawson Geophysical Company formerly TGC Industries Inc. is a provider of seismic data acquisition services throughout the United States and Canada. As of December 31 2014 the Company operated eight seismic crews consisting of three crews in the United States and five crews in Canada. These seismic crews supply seismic data primarily to companies engaged in the exploration and development of oil and natural gas on land and in land-to-water transition areas. Seismic acquisition services of its wholly owned subsidiary Eagle Canada Inc. (Eagle Canada) are also used by the potash mining industry in Canada and Eagle Canada is engaged in heliportable activities. It acquires geophysical data using three-dimensional (3-D) survey techniques. The Company provides its seismic data acquisition services primarily to onshore oil and natural gas exploration and development companies for use in the onshore drilling and production of oil and natural gas in the United States and Canada.

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