Dawson Geophysical Co (DWSN) was 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. Raymond James advised their investors in a research report released on May 11, 2016.
Dawson Geophysical Co closed down -0.03 points or -0.63% at $4.74 with 1,53,276 shares getting traded on Tuesday. Post opening the session at $4.75, the shares hit an intraday low of $4.58 and an intraday high of $4.95 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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.