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UPDATE: Barrington Research Initiates Dawson Geophysical at Outperform

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Barrington Research initiated coverage on Dawson Geophysical (NASDAQ: DWSN) with an Outperform rating and a price target of $32 a share.

Barrington Research commented, "Commodity prices for oil and liquids, even while fluctuating in 2012, have continued to drive strong exploration and production capital spending in numerous unconventional basins in the Continental United States. Dawson's seismic activity is highly correlated with this spending and subsequent planning. … Demand for high-resolution images is filling Dawson's order books. Their technological offerings and capacity are well positioned to meet the growing needs of unconventional basin exploration and production."

Dawson Geophysical closed at $25.23 on Friday.

Latest Ratings for DWSN

DateFirmActionFromTo
Aug 2018Raymond JamesDowngradesStrong BuyOutperform
May 2016Raymond JamesUpgradesMarket PerformStrong Buy
Aug 2015Raymond JamesDowngradesOutperformMarket Perform

View More Analyst Ratings for DWSN
View the Latest Analyst Ratings

Posted-In: Barrington ResearchAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

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