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.
Industry, Sector and Symbol
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
Phone210-490-4788
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$149.17 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date5/14/2019 (Estimated)
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) posted its earnings results on Wednesday, March, 13th. The energy company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.04 by $0.02. The energy company had revenue of $36 million for the quarter, compared to analyst estimates of $32.13 million. Abraxas Petroleum had a return on equity of 27.79% and a net margin of 38.76%. View Abraxas Petroleum's Earnings History.
When is Abraxas Petroleum's next earnings date?
What price target have analysts set for AXAS?
3 Wall Street analysts have issued 1-year target prices for Abraxas Petroleum's stock. Their forecasts range from $3.00 to $5.00. On average, they expect Abraxas Petroleum's stock price to reach $3.8333 in the next twelve months. This suggests a possible upside of 168.1% from the stock's current price. View Analyst Price Targets for Abraxas Petroleum.
What is the consensus analysts' recommendation 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 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. " (1/21/2019)
- 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?
News stories about AXAS stock have been trending somewhat positive recently, according to InfoTrie. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Abraxas Petroleum earned a coverage optimism score of 1.0 on InfoTrie's scale. They also assigned media stories about the energy company a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near term.
Who are some of Abraxas Petroleum's key competitors?
Some companies that are related to Abraxas Petroleum include W&T Offshore (WTI), GENEL ENERGY PL/ADR (GEGYY), Unit (UNT), Denbury Resources (DNR), Penn Virginia (PVAC), Comstock Resources (CRK), Extraction Oil & Gas (XOG), Laredo Petroleum (LPI), RESOLUTE ENERGY/SH NEW (REN), Hess Midstream Partners (HESM), Dorchester Minerals (DMLP), Kimbell Royalty Partners (KRP), HighPoint Resources (HPR), Bonanza Creek Energy (BCEI) and Earthstone Energy (ESTE).
What other stocks do shareholders of Abraxas Petroleum own?
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 68)
- Mr. Stephen T. Wendel, VP of Contracts & Marketing and Corp. Sec. (Age 69)
- Mr. Peter A. Bommer, VP of Engineering (Age 62)
- 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 Portolan Capital Management LLC (4.08%), Dimensional Fund Advisors LP (3.33%), Dimensional Fund Advisors LP (3.33%), Northern Trust Corp (1.35%), Geode Capital Management LLC (1.16%) and Geode Capital Management LLC (1.16%). 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.
Which major investors are selling Abraxas Petroleum stock?
AXAS stock was sold by a variety of institutional investors in the last quarter, including ClariVest Asset Management LLC, Millennium Management LLC, United Services Automobile Association, Two Sigma Investments LP, Assenagon Asset Management S.A., LSV Asset Management, Thrivent Financial for Lutherans and Brandywine Global Investment Management LLC. View Insider Buying and Selling for Abraxas Petroleum.
Which major investors are buying Abraxas Petroleum stock?
AXAS stock was purchased by a variety of institutional investors in the last quarter, including Portolan Capital Management LLC, SCW Capital Management LP, Intrinsic Edge Capital Management LLC, D. E. Shaw & Co. Inc., Geode Capital Management LLC, Geode Capital Management LLC, Old West Investment Management LLC and Dimensional Fund Advisors LP. 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 $1.43.
How big of a company is Abraxas Petroleum?
Abraxas Petroleum has a market capitalization of $238.71 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.
What is Abraxas Petroleum's official website?
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)
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.
