Abraxas Petroleum (AXAS) Earning Somewhat Favorable News Coverage, Report Shows

Headlines about Abraxas Petroleum (NASDAQ:AXAS) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Abraxas Petroleum earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the energy company an impact score of 46.6082516695334 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the news headlines that may have impacted Accern’s analysis:

Several research analysts recently commented on the company. Stifel Nicolaus lowered their target price on Abraxas Petroleum from $4.80 to $4.70 and set a “buy” rating for the company in a research note on Wednesday, May 9th. BidaskClub raised Abraxas Petroleum from a “hold” rating to a “buy” rating in a research report on Friday, April 13th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $4.00 price objective on shares of Abraxas Petroleum in a research report on Tuesday, March 13th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Abraxas Petroleum has a consensus rating of “Buy” and a consensus target price of $3.29.

Abraxas Petroleum opened at $3.08 on Friday, MarketBeat Ratings reports. The stock has a market cap of $476.40 million, a PE ratio of 15.89 and a beta of 1.32. Abraxas Petroleum has a 1 year low of $2.82 and a 1 year high of $2.86. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.91.

Abraxas Petroleum (NASDAQ:AXAS) last released its quarterly earnings data on Tuesday, May 8th. The energy company reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.01. The business had revenue of $40.63 million during the quarter, compared to analysts’ expectations of $39.00 million. Abraxas Petroleum had a return on equity of 27.50% and a net margin of 12.11%. research analysts forecast that Abraxas Petroleum will post 0.39 earnings per share for the current year.

Abraxas Petroleum Company Profile

Abraxas Petroleum Corporation, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of oil and gas properties in the United States. The company operates oil and gas assets in the Permian/Delaware Basin, the Rocky Mountain, and South Texas regions.

Insider Buying and Selling by Quarter for Abraxas Petroleum (NASDAQ:AXAS)

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