Dawson Geophysical Starts Making Progress
It's been years since crude oil prices plunged from triple-digit levels, but key players throughout the energy industry have struggled to find relief from tough conditions. Dawson Geophysical (NASDAQ: DWSN) relies on healthy levels of exploration activity for its own success, and those following the company have waited anxiously to see whether some improvement in the oil patch would finally start to show up in the results of the seismic services provider.
Coming into Thursday's third-quarter financial report, Dawson investors were ready to accept substantial losses from the company, but they wanted to see a big revenue jump. Dawson delivered on those expectations, providing even better results than most had anticipated and signaling that the worst of times might finally be coming to an end for the industry. Let's look more closely at Dawson Geophysical and what its performance says about its future.
Image source: Dawson Geophysical.
Source: Fool.com