Abraxas Petroleum Corp. Company Profile (NASDAQ:AXAS)

About Abraxas Petroleum Corp. (NASDAQ:AXAS)

Abraxas Petroleum Corp. logoAbraxas 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. As of December 31, 2016, the Company's daily net production was 6,181 barrels of oil equivalent per day (Boepd), of which 61% was 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
  • Symbol: NASDAQ:AXAS
  • CUSIP: 00383010
  • Web: www.abraxaspetroleum.com
Capitalization:
  • Market Cap: $308.48 million
  • Outstanding Shares: 162,356,000
Average Prices:
  • 50 Day Moving Avg: $1.94
  • 200 Day Moving Avg: $2.16
  • 52 Week Range: $1.04 - $2.99
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 11.88
  • P/E Growth: 7.08
Sales & Book Value:
  • Annual Revenue: $59.89 million
  • Price / Sales: 5.15
  • Book Value: $0.61 per share
  • Price / Book: 3.11
Profitability:
  • EBIDTA: $19.32 million
  • 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%
Misc:
  • Average Volume: 1.79 million shs.
  • Beta: 1.42
  • Short Ratio: 0.83
 

Frequently Asked Questions for Abraxas Petroleum Corp. (NASDAQ:AXAS)

What is Abraxas Petroleum Corp.'s stock symbol?

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

How were Abraxas Petroleum Corp.'s earnings last quarter?

Abraxas Petroleum Corp. (NASDAQ:AXAS) announced its earnings results on Tuesday, May, 9th. The company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. The firm had revenue of $18.80 million for the quarter, compared to the consensus estimate of $19.87 million. Abraxas Petroleum Corp. had a negative return on equity of 28.12% and a negative net margin of 330.92%. The company's revenue was up 95.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.01) EPS. View Abraxas Petroleum Corp.'s Earnings History.

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

6 brokerages have issued 12-month target prices for Abraxas Petroleum Corp.'s shares. Their forecasts range from $2.50 to $3.50. On average, they expect Abraxas Petroleum Corp.'s stock price to reach $3.00 in the next twelve months. View Analyst Ratings for Abraxas Petroleum Corp..

What are analysts saying about Abraxas Petroleum Corp. stock?

Here are some recent quotes from research analysts about Abraxas Petroleum Corp. 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. " (3/27/2017)
  • 2. 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 are some of Abraxas Petroleum Corp.'s key competitors?

Who owns Abraxas Petroleum Corp. stock?

Abraxas Petroleum Corp.'s stock is owned by many different of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (0.00%), JPMorgan Chase & Co. (0.00%), Formula Growth Ltd. (0.00%), Cortina Asset Management LLC (0.00%), Thomson Horstmann & Bryant Inc. (1.71%) and Wellington Management Group LLP (0.00%). Company insiders that own Abraxas Petroleum Corp. stock include Brian L Melton, Edward Russell, George William Krog Jr, Lee T Billingsley, Stephen T Wendel and W Dean Karrash. View Institutional Ownership Trends for Abraxas Petroleum Corp..

Who sold Abraxas Petroleum Corp. stock? Who is selling Abraxas Petroleum Corp. stock?

Abraxas Petroleum Corp.'s stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Argent Capital Management LLC, FMR LLC, Cornerstone Capital Management Holdings LLC., Cortina Asset Management LLC, Gilder Gagnon Howe & Co. LLC, Dimensional Fund Advisors LP and Morgan Stanley. View Insider Buying and Selling for Abraxas Petroleum Corp..

Who bought Abraxas Petroleum Corp. stock? Who is buying Abraxas Petroleum Corp. stock?

Abraxas Petroleum Corp.'s stock was bought by a variety of institutional investors in the last quarter, including Formula Growth Ltd., Vanguard Group Inc., Wellington Management Group LLP, ClariVest Asset Management LLC, JPMorgan Chase & Co., Van ECK Associates Corp, Point72 Asset Management L.P. and AQR Capital Management LLC. Company insiders that have bought Abraxas Petroleum Corp. stock in the last two years include Brian L Melton, Edward Russell, George William Krog Jr, Stephen T Wendel and W Dean Karrash. View Insider Buying and Selling for Abraxas Petroleum Corp..

How do I buy Abraxas Petroleum Corp. stock?

Shares of Abraxas Petroleum Corp. 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 Corp. stock cost?

One share of Abraxas Petroleum Corp. stock can currently be purchased for approximately $1.90.

Analyst Ratings

Consensus Ratings for Abraxas Petroleum Corp. (NASDAQ:AXAS) (?)
Ratings Breakdown: 6 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $3.00 (57.89% upside)

Analysts' Ratings History for Abraxas Petroleum Corp. (NASDAQ:AXAS)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/6/2017Canaccord GenuitySet Price TargetBuy$3.00MediumView Rating Details
2/1/2017Seaport Global SecuritiesUpgradeAccumulate -> BuyN/AView Rating Details
1/20/2017Stifel NicolausUpgradeHold -> Buy$3.00 -> $3.50N/AView Rating Details
10/21/2016HC WainwrightInitiated CoverageBuy$3.00N/AView Rating Details
10/21/2016Rodman & RenshawInitiated CoverageBuy$3.00N/AView Rating Details
7/13/2016Ladenburg Thalmann Financial ServicesInitiated CoverageBuyN/AView Rating Details
4/19/2016Robert W. BairdReiterated RatingHoldN/AView Rating Details
4/18/2016Cowen and CompanyUpgradeMarket Perform -> Outperform$1.50N/AView Rating Details
2/1/2016SunTrust Banks, Inc.DowngradeBuy -> NeutralN/AView Rating Details
12/18/2015Imperial CapitalReiterated RatingHoldN/AView Rating Details
9/4/2015EuroPacific CanadaLower Price TargetBuy$3.50 -> $2.50N/AView Rating Details
9/4/2015Eurobank EFGLower Price TargetBuy$3.50 -> $2.50N/AView Rating Details
(Data available from 5/24/2015 forward)

Earnings

Earnings History for Abraxas Petroleum Corp. (NASDAQ:AXAS)
Earnings by Quarter for Abraxas Petroleum Corp. (NASDAQ:AXAS)
Earnings History by Quarter for Abraxas Petroleum Corp. (NASDAQ:AXAS)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/9/2017Q1 2017$0.02$0.03$19.87 million$18.80 millionViewListenView Earnings Details
3/14/2017Q4 2016($0.01)$0.01$20.19 million$22.00 millionViewListenView Earnings Details
11/8/2016Q316($0.03)($0.02)$15.16 million$14.00 millionViewListenView Earnings Details
8/9/2016Q216$0.01($0.05)$18.94 million$11.00 millionViewListenView Earnings Details
5/10/2016Q116($0.02)($0.01)$14.94 million$9.56 millionViewListenView Earnings Details
3/15/2016Q415($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($0.02)($0.01)$23.05 million$22.30 millionViewListenView Earnings Details
3/4/2015Q414$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$0.10$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 Corp. (NASDAQ:AXAS)
2017 EPS Consensus Estimate: $0.14
2018 EPS Consensus Estimate: $0.27
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.01$0.05$0.02
Q2 20173$0.01$0.06$0.03
Q3 20173$0.01$0.06$0.04
Q4 20172$0.01$0.07$0.04
Q1 20181$0.06$0.06$0.06
Q2 20181$0.08$0.08$0.08
Q3 20181$0.06$0.06$0.06
Q4 20181$0.07$0.07$0.07
(Data provided by Zacks Investment Research)

Dividends

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

Insider Trades

Insider Trading and Institutional Ownership History for Abraxas Petroleum Corp. (NASDAQ:AXAS)
Insider Ownership Percentage: 12.30%
Institutional Ownership Percentage: 35.17%
Insider Trades by Quarter for Abraxas Petroleum Corp. (NASDAQ:AXAS)
Institutional Ownership by Quarter for Abraxas Petroleum Corp. (NASDAQ:AXAS)
Insider Trades by Quarter for Abraxas Petroleum Corp. (NASDAQ:AXAS)
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

Headline Trends for Abraxas Petroleum Corp. (NASDAQ:AXAS)
Latest Headlines for Abraxas Petroleum Corp. (NASDAQ:AXAS)
Source:
DateHeadline
reuters.com logoBRIEF-Abraxas acquires 2,008 net Wolfcamp/Bone Spring acres
www.reuters.com - May 24 at 10:37 AM
streetinsider.com logoAbraxas Petroleum (AXAS) Buys 2,008 Net Wolfcamp/Bone Spring Acres for $22.2M
www.streetinsider.com - May 24 at 10:37 AM
finance.yahoo.com logoAbraxas Announces Acquisition of 2,008 Net Wolfcamp/Bone Spring Acres
finance.yahoo.com - May 24 at 10:37 AM
finance.yahoo.com logoAbraxas Petroleum enters into $22.2 million deal to buy 2,000 acres in the Permian Basin
finance.yahoo.com - May 24 at 10:37 AM
seekingalpha.com logoAbraxas Petroleum Sets Itself Up For Continued Growth In 2018
seekingalpha.com - May 22 at 10:08 AM
finance.yahoo.com logoAbraxas Petroleum Corp. – Value Analysis (NASDAQ:AXAS) : May 18, 2017
finance.yahoo.com - May 18 at 3:43 PM
finance.yahoo.com logoAbraxas Petroleum Corp. breached its 50 day moving average in a Bullish Manner : AXAS-US : May 17, 2017
finance.yahoo.com - May 17 at 12:10 PM
finance.yahoo.com logoEdited Transcript of AXAS earnings conference call or presentation 10-May-17 3:00pm GMT
finance.yahoo.com - May 16 at 12:24 PM
prnewswire.com logoOil & Gas Stocks Under Review -- Abraxas Petroleum, Continental ... - PR Newswire (press release)
www.prnewswire.com - May 15 at 7:59 AM
marketwatch.com logo10-Q: ABRAXAS PETROLEUM CORP
www.marketwatch.com - May 11 at 9:17 PM
americanbankingnews.com logoZacks: Analysts Anticipate Abraxas Petroleum Corp. (AXAS) Will Announce Quarterly Sales of $21.07 Million
www.americanbankingnews.com - May 11 at 10:16 AM
americanbankingnews.com logoAbraxas Petroleum Corp. (AXAS) Issues Quarterly Earnings Results
www.americanbankingnews.com - May 10 at 10:58 PM
bizjournals.com logoAbraxas Petroleum back in the black after two years of losses - San Antonio Business Journal
www.bizjournals.com - May 10 at 8:59 PM
finance.yahoo.com logoAbraxas Petroleum back in the black after two years of losses
finance.yahoo.com - May 10 at 3:58 PM
finance.yahoo.com logoInvestor Network: Abraxas Petroleum Corporation to Host Earnings Call
finance.yahoo.com - May 10 at 3:58 PM
seekingalpha.com logoAbraxas Petroleum beats by $0.01
seekingalpha.com - May 9 at 11:32 PM
reuters.com logoBRIEF-Abraxas reports Q1 earnings per share $0.09
www.reuters.com - May 9 at 8:49 PM
finance.yahoo.com logoAbraxas Announces First Quarter 2017 Results
finance.yahoo.com - May 9 at 8:49 PM
americanbankingnews.com logoZacks: Analysts Expect Abraxas Petroleum Corp. (AXAS) to Post $0.02 EPS
www.americanbankingnews.com - May 9 at 8:30 PM
marketbeat.com logoAbraxas tops 1Q profit forecasts
marketbeat.com - May 9 at 7:48 PM
americanbankingnews.com logoAbraxas Petroleum Corp. (AXAS) Receives Average Recommendation of "Buy" from Analysts
www.americanbankingnews.com - May 8 at 4:54 PM
americanbankingnews.com logoAbraxas Petroleum Corp. (AXAS) Set to Announce Quarterly Earnings on Wednesday
www.americanbankingnews.com - May 8 at 8:14 AM
americanbankingnews.com logoSomewhat Critical News Coverage Very Likely to Impact Abraxas Petroleum Corp. (AXAS) Share Price
www.americanbankingnews.com - April 30 at 1:33 PM
americanbankingnews.com logoAbraxas Petroleum Corp. (AXAS) Given Daily News Sentiment Score of 0.21
www.americanbankingnews.com - April 27 at 4:42 PM
americanbankingnews.com logoAbraxas Petroleum Corp. (AXAS) Receives News Impact Rating of -0.01
www.americanbankingnews.com - April 24 at 6:00 PM
americanbankingnews.com logoSomewhat Positive Press Coverage Unlikely to Impact Abraxas Petroleum Corp. (AXAS) Share Price
www.americanbankingnews.com - April 21 at 11:36 AM
americanbankingnews.com logoAbraxas Petroleum Corp. (AXAS) Expected to Post Earnings of $0.02 Per Share
www.americanbankingnews.com - April 19 at 12:15 AM
americanbankingnews.com logoSomewhat Favorable Media Coverage Likely to Impact Abraxas Petroleum Corp. (AXAS) Stock Price
www.americanbankingnews.com - April 18 at 12:19 PM
americanbankingnews.com logoAbraxas Petroleum Corp. (AXAS) Getting Somewhat Negative News Coverage, Analysis Finds
www.americanbankingnews.com - April 15 at 10:55 AM
finance.yahoo.com logoAbraxas Provides First Quarter 2017 Conference Call Information
finance.yahoo.com - April 13 at 8:58 PM
americanbankingnews.com logoAbraxas Petroleum Corp. (AXAS) Given Consensus Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - April 11 at 4:35 PM
finance.yahoo.com logoETFs with exposure to Abraxas Petroleum Corp. : April 10, 2017
finance.yahoo.com - April 10 at 3:45 PM
americanbankingnews.com logoAbraxas Petroleum Corp. (AXAS) Given a $3.00 Price Target by Canaccord Genuity Analysts
www.americanbankingnews.com - April 7 at 8:59 PM
finance.yahoo.com logoOpening Bell, April 4, 2017
finance.yahoo.com - April 7 at 8:15 AM
finance.yahoo.com logoAbraxas Petroleum Corp. breached its 50 day moving average in a Bullish Manner : AXAS-US : April 6, 2017
finance.yahoo.com - April 7 at 8:15 AM
marketwatch.com logoAbraxas Petroleum Corporation (US: AXAS) to Ring The Nasdaq Stock Market Opening Bell
www.marketwatch.com - April 3 at 4:08 PM
feeds.benzinga.com logoAbraxas Petroleum Corporation (Nasdaq: AXAS) to Ring The Nasdaq Stock Market Opening Bell
feeds.benzinga.com - April 3 at 1:46 PM
americanbankingnews.com logoAbraxas Petroleum Corp. (AXAS) Forecasted to Post Q1 2017 Earnings of $0.01 Per Share
www.americanbankingnews.com - April 3 at 8:38 AM
finance.yahoo.com logoAbraxas to Present at the 23rd Annual Oil & Gas Investment Symposium (OGIS) and Participate in the NASDAQ Opening Bell Ceremony
finance.yahoo.com - March 28 at 11:45 AM
americanbankingnews.com logoAbraxas Petroleum Corp. (AXAS) Cut to "Hold" at Zacks Investment Research
www.americanbankingnews.com - March 27 at 5:15 PM
finance.yahoo.com logoPost Earnings Coverage as Abraxas' Q4 Top-line Rose to Outperform Market Estimates
finance.yahoo.com - March 27 at 9:40 AM
americanbankingnews.com logoAbraxas Petroleum Corp. (AXAS) Short Interest Update
www.americanbankingnews.com - March 27 at 8:14 AM
americanbankingnews.com logoAbraxas Petroleum Corp. (AXAS) Given a $3.00 Price Target at Canaccord Genuity
www.americanbankingnews.com - March 26 at 9:09 PM
seekingalpha.com logoAbraxas Petroleum: Expect A 40% Production Increase In H2
seekingalpha.com - March 26 at 3:38 PM
finance.yahoo.com logoStatoil Cuts Johan Sverdrup Oilfield Development Cost Again
finance.yahoo.com - March 22 at 4:19 PM
finance.yahoo.com logoABRAXAS PETROLEUM CORP Financials
finance.yahoo.com - March 22 at 4:19 PM
seekingalpha.com logoAbraxas Petroleum: Expect A 40% Production Increase In H2 - Seeking Alpha
seekingalpha.com - March 21 at 4:07 PM
seekingalpha.com logoAbraxas Petroleum: Shareholder Excitement Builds As The 2017 Drilling Begins
seekingalpha.com - March 20 at 4:04 PM
seekingalpha.com logoAbraxas should see improving margins per BOE even if oil and gas prices stagnate. - Seeking Alpha
seekingalpha.com - March 20 at 9:49 AM
fool.com logoOil and Gas Stock Roundup: A Small Dose of Optimism
www.fool.com - March 18 at 3:38 PM

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Chart

Abraxas Petroleum Corp. (AXAS) Chart for Wednesday, May, 24, 2017

This page was last updated on 5/24/2017 by MarketBeat.com Staff