Dawson Geophysical Company ( DWSN ) saw a big move last session, as the company's shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend for DWSN, as the stock is now down over 13% in the past one month time frame.
This slump shouldn't be too much of a surprise to investors, as the Oil Services company has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
DWSN currently has a Zacks Rank #4 (Sell).
Some better-ranked stocks in the Oil field Services industry include Emerge Energy Services LP ( EMES ), North American Energy Partners Inc. ( NOA ) and Newpark Resources Inc. ( NR ). All these stocks hold a Zacks Rank #2 (Buy).
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