Shares of Abraxas Petroleum Corporation (NASDAQ:AXAS) have received a consensus rating of “Buy” from the eight analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $2.55.
Several equities research analysts have issued reports on the stock. Stifel Nicolaus set a $2.00 price target on shares of Abraxas Petroleum Corporation and gave the company a “buy” rating in a research note on Thursday, October 5th. Zacks Investment Research upgraded shares of Abraxas Petroleum Corporation from a “hold” rating to a “buy” rating and set a $2.25 price target on the stock in a research note on Wednesday. Seaport Global Securities lowered shares of Abraxas Petroleum Corporation from a “buy” rating to a “neutral” rating and lowered their price target for the company from $3.25 to $2.00 in a research note on Wednesday, June 21st. Canaccord Genuity reiterated a “buy” rating on shares of Abraxas Petroleum Corporation in a research note on Friday, September 8th. Finally, BidaskClub lowered shares of Abraxas Petroleum Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th.
Abraxas Petroleum Corporation (NASDAQ AXAS) traded up 1.05% during trading on Friday, hitting $1.93. 496,622 shares of the stock were exchanged. The firm has a market capitalization of $313.35 million, a PE ratio of 22.98 and a beta of 1.46. The stock has a 50 day moving average price of $1.79 and a 200-day moving average price of $1.80. Abraxas Petroleum Corporation has a 12-month low of $1.45 and a 12-month high of $2.99.
Abraxas Petroleum Corporation (NASDAQ:AXAS) last posted its quarterly earnings data on Tuesday, August 8th. The energy company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). The company had revenue of $13.15 million during the quarter, compared to the consensus estimate of $16.70 million. Abraxas Petroleum Corporation had a net margin of 18.14% and a return on equity of 7.68%. On average, equities research analysts anticipate that Abraxas Petroleum Corporation will post $0.14 earnings per share for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its stake in shares of Abraxas Petroleum Corporation by 35.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 565,819 shares of the energy company’s stock worth $1,143,000 after purchasing an additional 149,062 shares during the last quarter. Vanguard Group Inc. grew its stake in Abraxas Petroleum Corporation by 42.1% in the 1st quarter. Vanguard Group Inc. now owns 7,216,245 shares of the energy company’s stock valued at $14,577,000 after buying an additional 2,136,606 shares during the last quarter. Oxford Asset Management acquired a new position in Abraxas Petroleum Corporation in the 1st quarter valued at about $261,000. Tudor Investment Corp ET AL grew its stake in Abraxas Petroleum Corporation by 92.2% in the 1st quarter. Tudor Investment Corp ET AL now owns 79,586 shares of the energy company’s stock valued at $161,000 after buying an additional 38,179 shares during the last quarter. Finally, Citadel Advisors LLC grew its stake in Abraxas Petroleum Corporation by 716.8% in the 1st quarter. Citadel Advisors LLC now owns 415,792 shares of the energy company’s stock valued at $840,000 after buying an additional 364,890 shares during the last quarter. Institutional investors own 44.49% of the company’s stock.
Abraxas Petroleum Corporation Company Profile
Abraxas Petroleum Corporation is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and gas. As of December 31, 2016, the Company’s estimated net proved reserves were 44.7 million barrels of oil equivalent (MMBoe), of which 33.6% were classified as proved developed, 74% were oil and natural gas liquids (NGL), and 95% of which (on a PV-10 basis) were operated by the Company.
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