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
SymbolNASDAQ:AXAS
CUSIP00383010
Phone210-490-4788
Debt
Debt-to-Equity Ratio0.91
Current Ratio0.59
Quick Ratio0.59
Price-To-Earnings
Trailing P/E Ratio22.50
Forward P/E Ratio7.36
P/E GrowthN/A
Sales & Book Value
Annual Sales$86.26 million
Price / Sales5.12
Cash Flow$0.2778 per share
Price / Cash9.54
Book Value$0.64 per share
Price / Book4.14
Profitability
EPS (Most Recent Fiscal Year)$0.12
Net Income$16 million
Net Margins12.11%
Return on Equity27.50%
Return on Assets12.34%
Miscellaneous
Employees112
Outstanding Shares166,570,000
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) issued its quarterly earnings data on Tuesday, May, 8th. The energy company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. The energy company earned $40.63 million during the quarter, compared to analysts' expectations of $39 million. Abraxas Petroleum had a net margin of 12.11% and a return on equity of 27.50%. View Abraxas Petroleum's Earnings History.
When is Abraxas Petroleum's next earnings date?
What price target have analysts set for AXAS?
4 analysts have issued 1-year price objectives for Abraxas Petroleum's shares. Their forecasts range from $2.50 to $4.70. On average, they anticipate Abraxas Petroleum's stock price to reach $3.55 in the next twelve months. 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. Canaccord Genuity analysts commented, "We believe this bodes well for AXAS in 2018, as the company plans to drill 10 gross (7 net) Permian wells over the next 12 months, in addition to its Bakken/Three Forks program. Abraxas had a busy Q4 in the field, and we expect an operations update in the coming days with up to eight well results. AXAS continues to trade at a discount to NAV and peers. We reiterate our BUY rating and our $3.00 price target." (1/24/2018)
- 2. 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. " (11/15/2017)
Who are some of Abraxas Petroleum's key competitors?
Some companies that are related to Abraxas Petroleum include Unit (UNT), HighPoint Resources (HPR), Penn Virginia (PVAC), GeoPark (GPRK), Genel Energy (GEGYY), W&T Offshore (WTI), Enbridge Energy Management (EEQ), Chaparral Energy (CHPE), Enterprise GP Holdings L.P. common stock (EPE), Resolute Energy (REN), Stone Energy (SGY), Bonanza Creek Energy (BCEI), Halcon Resources (HK), Dorchester Minerals (DMLP) and SandRidge Energy (SD).
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 67)
- Mr. Geoffrey R. King CFA, VP & CFO (Age 37)
- Mr. William H. Wallace, VP of Operations (Age 60)
- Mr. Stephen T. Wendel, VP of Marketing & Contracts and Sec. (Age 68)
- Mr. Peter A. Bommer, VP of Engineering (Age 61)
Has Abraxas Petroleum been receiving favorable news coverage?
News stories about AXAS stock have trended somewhat positive recently, according to Accern Sentiment. The research firm rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Abraxas Petroleum earned a coverage optimism score of 0.13 on Accern's scale. They also assigned news articles about the energy company an impact score of 44.39 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.
Who are Abraxas Petroleum's major shareholders?
Abraxas Petroleum's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.50%), JPMorgan Chase & Co. (2.33%), Dimensional Fund Advisors LP (1.63%), Cortina Asset Management LLC (1.41%), Heartland Advisors Inc. (1.33%) and Northern Trust Corp (1.24%). Company insiders that own Abraxas Petroleum stock include Geoffrey R King, Lee T Billingsley, Peter A Bommer and Robert L G Watson. 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 JPMorgan Chase & Co., Schwab Charles Investment Management Inc., Smith Asset Management Group LP, BlackRock Inc., Van ECK Associates Corp, Citigroup Inc., Northern Trust Corp and Lyon Street Capital 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 Dimensional Fund Advisors LP, Heartland Advisors Inc., GSA Capital Partners LLP, Allianz Asset Management GmbH, Allianz Asset Management GmbH, Cortina Asset Management LLC, Foundry Partners LLC and Millennium Management LLC. 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 $2.65.
How big of a company is Abraxas Petroleum?
Abraxas Petroleum has a market capitalization of $449.74 million and generates $86.26 million in revenue each year. The energy company earns $16 million in net income (profit) each year or $0.12 on an earnings per share basis. Abraxas Petroleum employs 112 workers across the globe.
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 (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.
