NASDAQ:AXAS - Abraxas Petroleum Stock Price, News, & Analysis

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$1.41 -0.10 (-6.62 %)
(As of 12/13/2018 03:31 PM ET)
Previous Close$1.51
Today's Range$1.41 - $1.52
52-Week Range$1.42 - $3.27
Volume34,034 shs
Average Volume899,587 shs
Market Capitalization$243.24 million
P/E Ratio11.92
Dividend YieldN/A
Beta1.1
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. As of December 31, 2017, its estimated net proved reserves were 65.4 million barrels of oil equivalent. The company was founded in 1977 and is based in San Antonio, Texas.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
Current SymbolNASDAQ:AXAS
Previous Symbol
CUSIP00383010
Phone210-490-4788

Debt

Debt-to-Equity Ratio1.35
Current Ratio0.49
Quick Ratio0.49

Price-To-Earnings

Trailing P/E Ratio11.92
Forward P/E Ratio5.88
P/E GrowthN/A

Sales & Book Value

Annual Sales$86.26 million
Price / Sales2.72
Cash Flow$0.2733 per share
Price / Cash Flow5.16
Book Value$0.64 per share
Price / Book2.20

Profitability

EPS (Most Recent Fiscal Year)$0.12
Net Income$16 million
Net Margins-1.48%
Return on Equity30.57%
Return on Assets10.57%

Miscellaneous

Employees112
Outstanding Shares166,600,000
Market Cap$243.24 million
OptionableOptionable

Abraxas Petroleum (NASDAQ:AXAS) Frequently Asked Questions

What is Abraxas Petroleum's stock symbol?

Abraxas Petroleum trades on the NASDAQ under the ticker symbol "AXAS."

How were Abraxas Petroleum's earnings last quarter?

Abraxas Petroleum Corp. (NASDAQ:AXAS) issued its quarterly earnings data on Wednesday, November, 7th. The energy company reported $0.05 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.04 by $0.01. The energy company earned $41.63 million during the quarter, compared to the consensus estimate of $33.37 million. Abraxas Petroleum had a negative net margin of 1.48% and a positive return on equity of 30.57%. View Abraxas Petroleum's Earnings History.

When is Abraxas Petroleum's next earnings date?

Abraxas Petroleum is scheduled to release their next quarterly earnings announcement on Tuesday, March 12th 2019. View Earnings Estimates for Abraxas Petroleum.

What price target have analysts set for AXAS?

4 analysts have issued 1 year price targets for Abraxas Petroleum's shares. Their predictions range from $3.00 to $5.00. On average, they expect Abraxas Petroleum's share price to reach $3.6250 in the next year. This suggests a possible upside of 157.1% from the stock's current price. View Analyst Price Targets for Abraxas Petroleum.

What is the consensus analysts' recommendation for Abraxas Petroleum?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Abraxas Petroleum in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Abraxas Petroleum.

What are Wall Street analysts saying about Abraxas Petroleum stock?

Here are some recent quotes from research analysts about Abraxas Petroleum stock:
  • 1. According to Zacks Investment Research, "Abraxas Petroleum Corporation is an independent energy company engaged primarily in the acquisition, exploration, exploitation and production of crude oil and natural gas. They seek to complement their acquisition and development activities by selectively participating in exploration projects with experienced industry partners. " (11/27/2018)
  • 2. Canaccord Genuity analysts commented, "We believe that concerns over Permian differentials remain overblown, and the parent-child influence in Permian wells does not change our view on the stock. We continue to rate AXAS a BUY with a US$3.50 price target. Permian acquisition/land swap activity Abraxas is in the process of acquiring an additional ~720 net acres of land in the Delaware Basin, which would take the company’s acreage to 10,500 net acres and further consolidate its land into contiguous, operated blocks." (8/28/2018)

Has Abraxas Petroleum been receiving favorable news coverage?

Media stories about AXAS stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Abraxas Petroleum earned a news impact score of 2.0 on InfoTrie's scale. They also assigned media coverage about the energy company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the next few days.

Who are some of Abraxas Petroleum's key competitors?

Who are Abraxas Petroleum's key executives?

Abraxas Petroleum's management team includes the folowing people:
  • Mr. Robert L. G. Watson, Chairman, CEO & Pres (Age 67)
  • Mr. Stephen T. Wendel, VP of Contracts & Marketing and Corp. Sec. (Age 68)
  • Mr. Peter A. Bommer, VP of Engineering (Age 61)
  • Mr. Steven P. Harris, VP & Chief Financial Officer
  • Mr. Kenneth Wayne Johnson, VP of Operations

Who are Abraxas Petroleum's major shareholders?

Abraxas Petroleum's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.07%), Vanguard Group Inc. (5.09%), Dimensional Fund Advisors LP (3.18%), Heartland Advisors Inc. (1.45%), Foundry Partners LLC (1.32%) and AQR Capital Management LLC (1.23%). Company insiders that own Abraxas Petroleum stock include Geoffrey R King, Peter A Bommer and Robert L G Watson. View Institutional Ownership Trends for Abraxas Petroleum.

Which institutional investors are selling Abraxas Petroleum stock?

AXAS stock was sold by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Cadence Capital Management LLC, TIAA CREF Investment Management LLC, Thrivent Financial for Lutherans, AQR Capital Management LLC, Wells Fargo & Company MN, ClariVest Asset Management LLC and Connor Clark & Lunn Investment Management Ltd.. View Insider Buying and Selling for Abraxas Petroleum.

Which institutional investors are buying Abraxas Petroleum stock?

AXAS stock was purchased by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, LSV Asset Management, Walthausen & Co. LLC, Allianz Asset Management GmbH, Assenagon Asset Management S.A., Salem Investment Counselors Inc., First Trust Advisors LP and Hodges Capital Management Inc.. Company insiders that have bought Abraxas Petroleum stock in the last two years include Geoffrey R King, Peter A Bommer and Robert L G Watson. View Insider Buying and Selling for Abraxas Petroleum.

How do I buy shares of Abraxas Petroleum?

Shares of AXAS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Abraxas Petroleum's stock price today?

One share of AXAS stock can currently be purchased for approximately $1.41.

How big of a company is Abraxas Petroleum?

Abraxas Petroleum has a market capitalization of $243.24 million and generates $86.26 million in revenue each year. The energy company earns $16 million in net income (profit) each year or $0.12 on an earnings per share basis. Abraxas Petroleum employs 112 workers across the globe.

What is Abraxas Petroleum's official website?

The official website for Abraxas Petroleum is http://www.abraxaspetroleum.com.

How can I contact Abraxas Petroleum?

Abraxas Petroleum's mailing address is 18803 MEISNER DRIVE, SAN ANTONIO TX, 78258. The energy company can be reached via phone at 210-490-4788.


MarketBeat Community Rating for Abraxas Petroleum (NASDAQ AXAS)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  330 (Vote Outperform)
Underperform Votes:  282 (Vote Underperform)
Total Votes:  612
MarketBeat's community ratings are surveys of what our community members think about Abraxas Petroleum and other stocks. Vote "Outperform" if you believe AXAS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AXAS will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/13/2018 by MarketBeat.com Staff

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