Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

AG Edwards Upgrades Dawson Geophysical


AG Edwards upgrades seismic data service company Dawson Geophysical (DWSN) to buy from hold.

Analyst Poe Fratt says the combination of stock price, Dawson Geophysical's underperformance since mid-2004, and reasonable valuation makes its risk-reward profile attractive again.

He says the outlook for continued improvement in U.S. onshore seismic market intact is due to weak U.S. gas production and notes another crew was deployed in mid-May. He sees limited financial risk due to a strong balance sheet.

Fratt maintains his $1.55 fiscal 2005 (ending September) earnings per share, and his $2.35 fiscal 2006 earnings per share. He also keeps his $2.68 fiscal 2005 cash flow per share and $3.52 fiscal 2006 cash flow per share estimates. He has a $27 price objective.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus