Abraxas Petroleum Corporation Company Profile (NASDAQ:AXAS)

About Abraxas Petroleum Corporation

Abraxas Petroleum Corporation logoAbraxas Petroleum Corporation is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and gas. The Company's estimated net proved reserves are approximately 43.2 million barrels of oil equivalent (MMBoe), of which over 38% are classified as proved developed, approximately 71% are oil and natural gas liquids (NGL), and approximately 95% of which (on a PV-10 basis) are operated by the Company. The Company's daily net production is approximately 5,970 barrels of oil equivalent per day (Boepd), of which over 77% is oil or liquids. The Company's oil and gas assets are located in three operating regions: the Rocky Mountain, Permian Basin and onshore Gulf Coast. The Company's properties in the Rocky Mountain region are located in the Williston Basin of North Dakota and Montana, and in the Green River Powder River and Unita Basins of Wyoming and Utah.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Independent Oil & Gas
  • Sub-Industry: Oil & Gas Exploration & Production
  • Exchange: NASDAQ
  • Symbol: AXAS
  • CUSIP: 00383010
Key Metrics:
  • Previous Close: $2.21
  • 50 Day Moving Average: $2.48
  • 200 Day Moving Average: $1.98
  • 52-Week Range: $133,586,000.00 - $0.88
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 18.00
  • P/E Growth: -0.61
  • Market Cap: $288.55M
  • Outstanding Shares: 133,586,000
  • Beta: 1.42
Profitability:
  • Net Margins: -330.92%
  • Return on Equity: -28.12%
  • Return on Assets: -6.18%
Debt:
  • Debt-to-Equity Ratio: 4.07%
  • Current Ratio: 0.44%
  • Quick Ratio: 0.44%
Additional Links:
Companies Related to Abraxas Petroleum Corporation:

Analyst Ratings

Consensus Ratings for Abraxas Petroleum Corporation (NASDAQ:AXAS) (?)
Ratings Breakdown: 1 Hold Rating, 7 Buy Ratings
Consensus Rating:Buy (Score: 2.88)
Consensus Price Target: $2.75 (27.31% upside)

Analysts' Ratings History for Abraxas Petroleum Corporation (NASDAQ:AXAS)
Show:
DateFirmActionRatingPrice TargetDetails
2/11/2017Canaccord GenuitySet Price TargetBuy$3.00View Rating Details
2/1/2017Seaport Global SecuritiesUpgradeAccumulate -> BuyView Rating Details
1/20/2017Stifel NicolausUpgradeHold -> Buy$3.00 -> $3.50View Rating Details
10/21/2016HC WainwrightInitiated CoverageBuy$3.00View Rating Details
10/21/2016Rodman & RenshawInitiated CoverageBuy$3.00View Rating Details
7/13/2016Ladenburg Thalmann Financial ServicesInitiated CoverageBuyView Rating Details
4/19/2016Robert W. BairdReiterated RatingHoldView Rating Details
4/18/2016Cowen and CompanyUpgradeMarket Perform -> Outperform$1.50View Rating Details
2/1/2016SunTrust Banks, Inc.DowngradeBuy -> NeutralView Rating Details
12/18/2015Imperial CapitalReiterated RatingHoldView Rating Details
9/4/2015EuroPacific CanadaLower Price TargetBuy$3.50 -> $2.50View Rating Details
9/4/2015Eurobank EFGLower Price TargetBuy$3.50 -> $2.50View Rating Details
3/20/2015GMP SecuritiesInitiated CoverageBuy$4.50View Rating Details
(Data available from 2/27/2015 forward)

Earnings

Earnings History for Abraxas Petroleum Corporation (NASDAQ:AXAS)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
3/15/2017ListenView Earnings Details
11/14/2016Q316($0.03)($0.02)$15.16 million$14.00 millionViewListenView Earnings Details
8/10/2016Q216($0.45)$18.94 million$11.00 millionViewListenView Earnings Details
5/11/2016Q116($0.02)($0.01)$14.54 millionViewListenView Earnings Details
3/16/2016Q415($0.03)($0.02)$19.10 million$13.30 millionViewListenView Earnings Details
11/4/2015Q315($0.02)($0.03)$21.34 million$17.80 millionViewListenView Earnings Details
8/6/2015Q215($0.01)($0.06)$21.51 million$20.50 millionViewListenView Earnings Details
5/7/2015Q115($0.01)($0.01)$23.05 million$22.30 millionViewListenView Earnings Details
3/5/2015Q414$0.05$0.06$36.25 million$31.20 millionViewListenView Earnings Details
11/5/2014Q314$0.15$0.15$45.22 million$44.20 millionViewListenView Earnings Details
8/6/2014Q2$0.08$0.11$30.97 million$33.60 millionViewListenView Earnings Details
5/8/2014Q1$0.06$0.07$24.03 million$25.90 millionViewListenView Earnings Details
3/12/2014Q4$0.04($0.03)ViewListenView Earnings Details
11/6/2013Q313$0.05$0.09$25.60 million$29.10 millionViewListenView Earnings Details
8/8/2013Q2 2013$0.02$0.03$22.51 million$21.50 millionViewListenView Earnings Details
3/15/2013Q4 2012($0.01)($0.03)$18.24 million$19.10 millionViewListenView Earnings Details
8/9/2012$0.03$0.02ViewN/AView Earnings Details
5/9/2012$0.06$0.02ViewN/AView Earnings Details
11/9/2011$0.05$0.04ViewN/AView Earnings Details
8/9/2011$0.05$0.01ViewN/AView Earnings Details
5/9/2011$0.03$0.01ViewN/AView Earnings Details
3/17/2011$0.02($0.02)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Abraxas Petroleum Corporation (NASDAQ:AXAS)
Current Year EPS Consensus Estimate: $-0.19 EPS
Next Year EPS Consensus Estimate: $0.12 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20165($0.02)$0.03$0.00
Q2 20163($0.05)$0.02($0.02)
Q3 20162($0.05)($0.03)($0.04)
Q4 20162($0.02)($0.01)($0.02)
Q1 20173$0.01$0.05$0.03
Q2 20173$0.01$0.06$0.03
Q3 20173$0.01$0.06$0.04
Q4 20172$0.01$0.08$0.05
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Abraxas Petroleum Corporation (NASDAQ:AXAS)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading History for Abraxas Petroleum Corporation (NASDAQ:AXAS)
Insider Ownership Percentage: 12.30%
Institutional Ownership Percentage: 35.17%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/29/2016Lee T BillingsleyVPSell100,000$1.68$168,000.00View SEC Filing  
6/1/2016Edward RussellDirectorBuy4,000$1.08$4,320.00View SEC Filing  
8/25/2015George William Krog JrCAOBuy10,000$1.56$15,600.00View SEC Filing  
8/10/2015Brian L MeltonDirectorBuy3,000$1.72$5,160.00View SEC Filing  
8/10/2015Stephen T WendelVPBuy30,000$1.86$55,800.00View SEC Filing  
5/27/2015W. Dean KarrashDirectorBuy3,000$2.88$8,640.00View SEC Filing  
5/12/2015Edward RussellDirectorBuy2,000$3.30$6,600.00View SEC Filing  
5/8/2015Jerry J LangdonDirectorBuy3,700$3.34$12,358.00View SEC Filing  
3/6/2015Geoffrey R KingCFOBuy2,796$3.21$8,975.16View SEC Filing  
3/6/2015George William Krog JrCAOBuy2,787$3.21$8,946.27View SEC Filing  
3/6/2015Lee T BillingsleyVPBuy2,876$3.21$9,231.96View SEC Filing  
3/5/2015Edward RussellDirectorBuy1,500$3.07$4,605.00View SEC Filing  
12/11/2013W. Dean KarrashDirectorBuy2,000$3.08$6,160.00View SEC Filing  
7/24/2013Franklin A BurkeDirectorBuy70,003$2.39$167,307.17View SEC Filing  
1/29/2013Paul A PowellDirectorBuy5,000$2.14$10,700.00View SEC Filing  
1/18/2013Brian L MeltonDirectorBuy1,750$2.18$3,815.00View SEC Filing  
1/14/2013Edward RussellDirectorBuy5,000$2.25$11,250.00View SEC Filing  
1/8/2013W. Dean KarrashDirectorBuy5,000$2.25$11,250.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Abraxas Petroleum Corporation (NASDAQ:AXAS)
DateHeadline
News IconAre Abraxas Petroleum Corporation (NASDAQ:AXAS) Shares Headed Higher? (NASDAQ:AXAS)
nyhetsbanken.info - February 23 at 8:49 PM
News IconTechnical Update on Shares of Abraxas Petroleum Corporation (NASDAQ:AXAS) - BVN (NASDAQ:AXAS)
bvnewsjournal.com - February 23 at 3:47 PM
News IconForward Earnings Estimate of Abraxas Petroleum Corporation(AXAS) - Highland Mirror (NASDAQ:AXAS)
www.highlandmirror.com - February 23 at 3:47 PM
News IconComputer Problems At Philly Airport Leads to Ground Stop for Departing Flights (NASDAQ:AXAS)
latribunadecanarias.com - February 22 at 8:50 PM
News IconThe Cortina Asset Management LLC Reduces Position in Abraxas Petroleum Corporation (AXAS) (NASDAQ:AXAS)
hoyentv.com - February 21 at 4:01 PM
News IconBurning Stock on the move: Abraxas Petroleum Corp. (NASDAQ:AXAS) (NASDAQ:AXAS)
www.graffiotech.com - February 21 at 4:01 PM
News IconAnalysts Near-Term outlook: AGNC Investment Corp. (AGNC), Abraxas Petroleum Corporation (AXAS) - The USA Commerce (NASDAQ:AXAS)
theusacommerce.com - February 21 at 10:27 AM
News IconStock Update on Earnings & Estimates for Abraxas Petroleum Corporation (NASDAQ:AXAS) - Aiken Advocate (NASDAQ:AXAS)
aikenadvocate.com - February 20 at 3:39 PM
News IconSell-side Consensus on Amphastar Pharmaceuticals, Inc. (NASDAQ:AMPH) Abraxas Petroleum Corporation (NASDAQ ... - Rockville Register (NASDAQ:AXAS)
rockvilleregister.com - February 20 at 3:39 PM
zacks.com logoNew Strong Buy Stocks for February 17th (NASDAQ:AXAS)
www.zacks.com - February 17 at 6:22 PM
seekingalpha.com logoAbraxas Petroleum Corporation (AXAS) (NASDAQ:AXAS)
seekingalpha.com - February 17 at 6:22 PM
reuters.com logoBRIEF-Abraxas says proved reserves grew 1.5 mmboe to 44.7 mmboe (NASDAQ:AXAS)
www.reuters.com - February 16 at 8:53 PM
4-traders.com logoABRAXAS PETROLEUM CORP : Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K) (NASDAQ:AXAS)
www.4-traders.com - February 16 at 8:53 PM
streetinsider.com logoForm 8-K ABRAXAS PETROLEUM CORP For: Feb 16 (NASDAQ:AXAS)
www.streetinsider.com - February 16 at 8:53 PM
streetinsider.com logoForm 8-K ABRAXAS PETROLEUM CORP For: Feb 16 (NASDAQ:AXAS)
www.streetinsider.com - February 16 at 8:53 PM
streetinsider.com logoForm 8-K ABRAXAS PETROLEUM CORP For: Feb 16 (NASDAQ:AXAS)
www.streetinsider.com - February 16 at 8:53 PM
us.rd.yahoo.com logoAbraxas Provides Reserve and Operational Update (NASDAQ:AXAS)
us.rd.yahoo.com - February 16 at 8:53 PM
us.rd.yahoo.com logo3:05 am Abraxas Petroleum reports FY16 production in-line with guidance (NASDAQ:AXAS)
us.rd.yahoo.com - February 16 at 8:53 PM
biz.yahoo.com logoABRAXAS PETROLEUM CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits (NASDAQ:AXAS)
biz.yahoo.com - February 16 at 3:49 PM
News IconTwo Stocks in Focus: Radian Group Inc. (NYSE:RDN), Abraxas ... - The Newburgh Press (NASDAQ:AXAS)
newburghpress.com - February 16 at 8:42 AM
businesswire.com logoAbraxas Provides Reserve and Operational Update | Business Wire - Business Wire (press release) (NASDAQ:AXAS)
www.businesswire.com - February 16 at 8:42 AM
finance.yahoo.com logoPetrobras (PBR): Court Halts $5.2B NTS Sale to Brookfield (NASDAQ:AXAS)
finance.yahoo.com - February 14 at 8:17 PM
investornewswire.com logoSentiments And Ratings Alert: Abraxas Petroleum Corporation (NASDAQ:AXAS) - Investor Newswire (NASDAQ:AXAS)
www.investornewswire.com - February 12 at 3:45 PM
News IconWatching the Levels on Shares of Abraxas Petroleum Corporation (NASDAQ:AXAS) - Benton Bulletin (NASDAQ:AXAS)
bentonbulletin.com - February 10 at 9:19 PM
biz.yahoo.com logoABRAXAS PETROLEUM CORP Files SEC form 8-K, Change in Directors or Principal Officers, Regulation FD Disclosure (NASDAQ:AXAS)
us.rd.yahoo.com - February 9 at 1:41 AM
istreetwire.com logoStocks Buzz: Domino's Pizza, Inc. (DPZ), Abraxas Petroleum ... - iStreetWire (NASDAQ:AXAS)
istreetwire.com - February 8 at 3:39 PM
reuters.com logoBRIEF-Abraxas Petroleum sees 2017 LOE of $6.00 -$8.00 per BOE (NASDAQ:AXAS)
www.reuters.com - February 7 at 9:45 PM
bizjournals.com logoAbraxas Petroleum ends pay cuts as crude oil market stabilizes (NASDAQ:AXAS)
www.bizjournals.com - February 7 at 9:45 PM
istreetwire.com logo3 Trending Stocks: Abraxas Petroleum Corporation (AXAS), Gigamon Inc. (GIMO), Ocwen Financial Corporation (OCN) - iStreetWire (NASDAQ:AXAS)
istreetwire.com - February 7 at 4:43 PM
News IconAbraxas Petroleum Corporation (NASDAQ:AXAS) Projected EPS At $0 - Stock Observer (NASDAQ:AXAS)
www.thestockobserver.com - February 7 at 1:59 AM
istreetwire.com logoStocks Buzz: Infinera Corporation (INFN), Abraxas Petroleum ... - iStreetWire (NASDAQ:AXAS)
istreetwire.com - February 6 at 3:46 PM
News IconQuarterly Financial Update for Abraxas Petroleum Corporation (NASDAQ:AXAS) - The Newburgh Press (NASDAQ:AXAS)
newburghpress.com - February 3 at 8:55 PM
finance.yahoo.com logoPermian Basin Provides Strong Growth Visibility for Abraxas Petroleum (NASDAQ:AXAS)
finance.yahoo.com - February 2 at 3:48 PM
News IconAbraxas Petroleum Corporation (NASDAQ:AXAS) Stock ABR At 1.75 - Stock Observer (NASDAQ:AXAS)
www.thestockobserver.com - February 1 at 3:54 PM
capitalcube.com logoAbraxas Petroleum Corp. – Value Analysis (NASDAQ:AXAS) : February 1, 2017 (NASDAQ:AXAS)
www.capitalcube.com - February 1 at 3:54 PM
News IconInvestors Swarm in on Abraxas Petroleum Corporation (NASDAQ:AXAS) - Prospect Journal (NASDAQ:AXAS)
prospectjournal.com - February 1 at 2:00 AM
businesswire.com logoAbraxas Petroleum Corporation Announces Exercise and Closing of Over-Allotment Option - Business Wire (press release) (NASDAQ:AXAS)
www.businesswire.com - February 1 at 2:00 AM
finance.yahoo.com logoAbraxas Petroleum Corporation Announces Exercise and Closing of Over-Allotment Option (NASDAQ:AXAS)
finance.yahoo.com - January 31 at 8:58 PM
News IconSell-side Consensus Sees Abraxas Petroleum Corporation (NASDAQ:AXAS) Going Where Near-Term? - Aiken Advocate (NASDAQ:AXAS)
aikenadvocate.com - January 31 at 3:57 PM
News IconEarnings Parade Rolls On, What Are Analysts Saying About Abraxas Petroleum Corporation (NASDAQ:AXAS)? - Wall Street Beacon (NASDAQ:AXAS)
wsbeacon.com - January 31 at 3:57 PM
capitalcube.com logoAbraxas Petroleum Corp. breached its 50 day moving average in a Bearish Manner : AXAS-US : January 31, 2017 (NASDAQ:AXAS)
www.capitalcube.com - January 31 at 3:57 PM
News IconWhat Are the Numbers Saying About: Abraxas Petroleum Corporation (NASDAQ:AXAS) - Gilbert Daily (NASDAQ:AXAS)
gilbertdaily.com - January 29 at 8:43 PM
News IconAbraxas Petroleum Corporation Announces Closing of Public Offering - BOE Report (press release) (NASDAQ:AXAS)
boereport.com - January 27 at 4:55 PM
News IconAbraxas Petroleum Corporation (AXAS) Upgraded at Stifel Nicolaus (NASDAQ:AXAS)
diy-home-garden.com - January 27 at 2:15 AM
News IconQuarterly Financial Watch for Abraxas Petroleum Corporation (NASDAQ:AXAS) (NASDAQ:AXAS)
avauncer.com - January 27 at 2:15 AM
News IconAbraxas Petroleum Corporation (AXAS) Receives An Update From Brokers (NASDAQ:AXAS)
itapunta.com - January 27 at 2:15 AM
News IconStifel Nicolaus Upgrades Abraxas Petroleum Corp. to Buy with Price Target $3.5 (NASDAQ:AXAS)
nflnewsdesk.com - January 27 at 2:15 AM
businesswire.com logoAbraxas Petroleum Corporation Announces Closing of Public Offering - Business Wire (press release) (NASDAQ:AXAS)
www.businesswire.com - January 25 at 8:54 PM
finance.yahoo.com logoAbraxas Petroleum Corporation Announces Closing of Public Offering (NASDAQ:AXAS)
finance.yahoo.com - January 25 at 8:54 PM
News IconAbraxas Petroleum Corporation (NASDAQ:AXAS) Stock ABR At 2 - Stock Observer (NASDAQ:AXAS)
www.thestockobserver.com - January 25 at 3:52 PM

Social

What is Abraxas Petroleum Corporation's stock symbol?

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

Where is Abraxas Petroleum Corporation's stock going? Where will Abraxas Petroleum Corporation's stock price be in 2017?

8 brokerages have issued twelve-month price targets for Abraxas Petroleum Corporation's shares. Their predictions range from $1.50 to $3.50. On average, they expect Abraxas Petroleum Corporation's stock price to reach $2.75 in the next twelve months.

When will Abraxas Petroleum Corporation announce their earnings?

Abraxas Petroleum Corporation is scheduled to release their next quarterly earnings announcement on Monday, March, 13th 2017.

What are analysts saying about Abraxas Petroleum Corporation stock?

Here are some recent quotes from research analysts about Abraxas Petroleum Corporation stock:

  • 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. " (2/20/2017)

  • Stifel Nicolaus analysts commented, "Following a strong IP rate from its first Wolfcamp well, AXAS expects to maintain a rig on its Delaware Basin acreage in Ward and Reeves counties, TX, to drill 7 (6 net) wells this year, 5 more than its original plan. The company has also allocated $15MM to expand its footprint in the area where it currently holds 5,811 net acres. The new plan increases the 2017 budget to $110MM from $60MM and 2017 production guidance to 7.8-8.6 MBoe/d from 7.0-7.4 MBoe/d. The midpoint of the latter implies production growth of 32% y/y.The Williston Basin plan is unchanged with the 8 (5 net) operated and 3 (2 net) non-operated wells this year while the budget increased a modest $0.5MM at Jourdanton where 2 Austin Chalk wells will be drilled." (1/20/2017)

Who owns Abraxas Petroleum Corporation stock?

Abraxas Petroleum Corporation's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Cortina Asset Management LLC (1.95%), State Street Corp (1.33%), Two Sigma Investments LP (0.46%), Lyon Street Capital LLC (0.38%), FMR LLC (0.34%) and Renaissance Technologies LLC (0.30%). Company insiders that own Abraxas Petroleum Corporation stock include Brian L Melton, Edward Russell, Geoffrey R King, George William Krog Jr, Jerry J Langdon, Lee T Billingsley, Stephen T Wendel and W Dean Karrash.

Who sold Abraxas Petroleum Corporation stock? Who is selling Abraxas Petroleum Corporation stock?

Abraxas Petroleum Corporation's stock was sold by a variety of institutional investors in the last quarter, including Cortina Asset Management LLC, Dimensional Fund Advisors LP, Wall Street Associates and FMR LLC.

Who bought Abraxas Petroleum Corporation stock? Who is buying Abraxas Petroleum Corporation stock?

Abraxas Petroleum Corporation's stock was bought by a variety of institutional investors in the last quarter, including Two Sigma Investments LP, Lyon Street Capital LLC, Renaissance Technologies LLC, Allianz Asset Management AG, State Street Corp, AQR Capital Management LLC, Metropolitan Life Insurance Co. NY and Tudor Investment Corp Et Al. Company insiders that have bought Abraxas Petroleum Corporation stock in the last two years include Brian L Melton, Edward Russell, Geoffrey R King, George William Krog Jr, Jerry J Langdon, Lee T Billingsley, Stephen T Wendel and W Dean Karrash.

How do I buy Abraxas Petroleum Corporation stock?

Shares of Abraxas Petroleum Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Abraxas Petroleum Corporation stock cost?

One share of Abraxas Petroleum Corporation stock can currently be purchased for approximately $2.16.

Abraxas Petroleum Corporation (NASDAQ:AXAS) Chart for Monday, February, 27, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Abraxas Petroleum Corporation (NASDAQ:AXAS)

Earnings History Chart

Earnings by Quarter for Abraxas Petroleum Corporation (NASDAQ:AXAS)

Dividend History Chart

Dividend Payments by Quarter for Abraxas Petroleum Corporation (NASDAQ:AXAS)

Last Updated on 2/27/2017 by MarketBeat.com Staff