Barrington Research Downgrades Dawson Geophysical (DWSN) to Market Perform

(Updated at 1:30 PM)

Barrington Research downgraded Dawson Geophysical (NASDAQ: DWSN) from Outperform to Market Perform.

Analyst Rudolf A. Hokanson said, "Visibility is very difficult and with the “merger” of TGC Industries and Dawson, into a “new” Dawson, there are several levels on which we hesitate to reaffirm the OUTPERFORM rating at this time. Hence, we rate DWSN (both the “old” and the “new” after the exchange of shares to make the “merger” effective) as MARKET PERFORM and Speculative."

For an analyst ratings summary and ratings history on Dawson Geophysical click here. For more ratings news on Dawson Geophysical click here.

Shares of Dawson Geophysical closed at $11.47 yesterday.

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