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

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

Abraxas Petroleum Corp. (NASDAQ:AXAS) released its earnings results on Wednesday, November, 13th. The energy company reported $0.02 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.04 by $0.02. The energy company had revenue of $31.54 million for the quarter, compared to analyst estimates of $34.15 million. Abraxas Petroleum had a return on equity of 9.26% and a net margin of 43.17%. View Abraxas Petroleum's Earnings History.

Abraxas Petroleum is scheduled to release their next quarterly earnings announcement on Wednesday, March 11th 2020. View Earnings Estimates for Abraxas Petroleum.

3 equities research analysts have issued 1 year price objectives for Abraxas Petroleum's shares. Their forecasts range from $1.00 to $1.00. On average, they expect Abraxas Petroleum's share price to reach $1.00 in the next twelve months. This suggests a possible upside of 316.7% from the stock's current price. View Analyst Price Targets for Abraxas Petroleum.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Abraxas Petroleum in the last year. There are currently 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Abraxas Petroleum.

News articles about AXAS stock have been trending somewhat positive on Tuesday, according to InfoTrie. The research firm identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Abraxas Petroleum earned a media sentiment score of 1.8 on InfoTrie's scale. They also gave media headlines about the energy company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for Abraxas Petroleum.

Abraxas Petroleum saw a increase in short interest in November. As of November 15th, there was short interest totalling 1,940,000 shares, an increase of 29.3% from the October 31st total of 1,500,000 shares. Based on an average trading volume of 1,460,000 shares, the short-interest ratio is currently 1.3 days. Currently, 1.2% of the company's shares are sold short. View Abraxas Petroleum's Current Options Chain.

Some companies that are related to Abraxas Petroleum include ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Concho Resources (CXO), Diamondback Energy (FANG), Continental Resources (CLR), Noble Energy (NBL), Marathon Oil (MRO), Devon Energy (DVN), Apache (APA), Cabot Oil & Gas (COG), Cimarex Energy (XEC), WPX Energy (WPX), EQT (EQT) and Kosmos Energy (KOS).

Based on aggregate information from My MarketBeat watchlists, some companies that other Abraxas Petroleum investors own include Northern Tier Energy (NTI), ANI Pharmaceuticals (ANIP), THL Credit (TCRD), VASCO Data Security International (VDSI), Whiting Petroleum (WLL), Chesapeake Energy (CHK), Select Income REIT (SIR), ANNALY CAP MGMT/SH (NLY), Acasti Pharma (ACST) and Bank of America (BAC).

Abraxas Petroleum's stock is owned by a variety of of retail and institutional investors. Top institutional investors include State Street Corp (1.72%), BLB&B Advisors LLC (0.81%), California Public Employees Retirement System (0.62%), Sigma Planning Corp (0.54%), Monarch Partners Asset Management LLC (0.28%) and CWM LLC (0.25%). Company insiders that own Abraxas Petroleum stock include Geoffrey R King, Peter A Bommer, Robert L G Watson and Tod A Clarke. View Institutional Ownership Trends for Abraxas Petroleum.

AXAS stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC and BLB&B Advisors LLC. View Insider Buying and Selling for Abraxas Petroleum.

AXAS stock was purchased by a variety of institutional investors in the last quarter, including Sigma Planning Corp, State Street Corp, CWM LLC, Russell Investments Group Ltd., Monarch Partners Asset Management LLC and California Public Employees Retirement System. 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.

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, Robinhood, Fidelity and Charles Schwab.

One share of AXAS stock can currently be purchased for approximately $0.24.

Abraxas Petroleum has a market capitalization of $40.42 million and generates $149.17 million in revenue each year. The energy company earns $57.82 million in net income (profit) each year or $0.18 on an earnings per share basis. Abraxas Petroleum employs 100 workers across the globe.View Additional Information About Abraxas Petroleum.

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

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.