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

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

Abraxas Petroleum Corp. (NASDAQ:AXAS) issued its quarterly earnings data on Wednesday, November, 13th. The energy company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.04 by $0.02. The energy company earned $31.54 million during 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 Wall Street analysts have issued twelve-month target prices for Abraxas Petroleum's shares. Their forecasts range from $1.00 to $3.00. On average, they expect Abraxas Petroleum's share price to reach $2.00 in the next twelve months. This suggests a possible upside of 702.9% 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.

Media headlines about AXAS stock have been trending somewhat negative this week, InfoTrie reports. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Abraxas Petroleum earned a coverage optimism score of -1.5 on InfoTrie's scale. They also assigned headlines about the energy company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Abraxas Petroleum.

Abraxas Petroleum saw a increase in short interest in the month of 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 daily volume of 1,460,000 shares, the short-interest ratio is presently 1.3 days. Approximately 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), Kosmos Energy (KOS) and EQT (EQT).

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 many different of institutional and retail investors. Top institutional shareholders 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 $0.25.

Abraxas Petroleum has a market capitalization of $41.95 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.