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UPDATE: Wunderlich Securities Maintains On Dawson Geophysical On Significant Discount To Calculated Price Target

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In a report published Tuesday, Wunderlich Securities analyst Jason Wangler maintained a Buy rating on Dawson Geophysical Company (NASDAQ: DWSN) and maintained a price target of $40.00.

In the report, Wunderlich Securities says "Dawson Geophysical (DWSN) reported a tough F4Q13 as a -$0.35 loss per share was well below our -$0.17 estimate and the Street's -$0.08 forecast. Revenues were ahead of expectations but margins compressed due to lower utilization rates and caused EBITDA to underperform. The majority of this bad news has been disclosed by the company, and in the share price and with activity levels improving by the day, we look for Dawson to get back on track starting in F1Q14. Further, while the issues in F4Q13 caused a loss, many of them are actually beneficial for the future as Dawson looks to boost crew efficiencies and grow revenues going forward."

Dawson Geophysical closed on Tuesday at $30.87.

Latest Ratings for DWSN

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

View More Analyst Ratings for DWSN
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Posted-In: Jason Wangler Wunderlich SecuritiesAnalyst Color Reiteration Analyst Ratings

 

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