NASDAQ:AXASAbraxas Petroleum Stock Price, Forecast & News

Abraxas Petroleum's stock was trading at $0.1221 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, AXAS shares have increased by 74.2% and is now trading at $0.2127. View which stocks have been most impacted by Coronavirus.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Abraxas Petroleum in the last year. There are currently 1 sell rating and 5 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Abraxas Petroleum.

Abraxas Petroleum is scheduled to release its next quarterly earnings announcement on Monday, June 8th 2020. View our earnings forecast for Abraxas Petroleum.

Abraxas Petroleum Corp. (NASDAQ:AXAS) posted its earnings results on Wednesday, November, 13th. The energy company reported $0.02 earnings per share 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 analysts' expectations of $34.15 million. Abraxas Petroleum had a net margin of 43.17% and a return on equity of 9.26%. View Abraxas Petroleum's earnings history.

6 brokerages have issued 1 year price targets for Abraxas Petroleum's stock. 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 year. This suggests a possible upside of 370.1% from the stock's current price. View analysts' price targets for Abraxas Petroleum.

News articles about AXAS stock have been trending negative recently, InfoTrie reports. The research group identifies positive and negative media 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 positive five, with scores closest to five being the most favorable. Abraxas Petroleum earned a news sentiment score of -2.8 on InfoTrie's scale. They also gave news articles about the energy company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutAbraxas Petroleum.

Abraxas Petroleum saw a increase in short interest in May. As of May 15th, there was short interest totaling 11,150,000 shares, an increase of 76.7% from the April 30th total of 6,310,000 shares. Based on an average daily trading volume, of 9,650,000 shares, the short-interest ratio is presently 1.2 days. Currently, 6.8% of the shares of the company are short sold. 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), Cabot Oil & Gas (COG), Diamondback Energy (FANG), Continental Resources (CLR), Noble Energy (NBL), Devon Energy (DVN), Marathon Oil (MRO), Apache (APA), WPX Energy (WPX), EQT (EQT), Cimarex Energy (XEC) and Southwestern Energy (SWN). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Abraxas Petroleum investors own include Chesapeake Energy (CHK), Northern Tier Energy (NTI), ANI Pharmaceuticals (ANIP), Whiting Petroleum (WLL), THL Credit (TCRD), VASCO Data Security International (VDSI), Seanergy Maritime (SHIP), Acasti Pharma (ACST), Select Income REIT (SIR) and Amplify Energy (AMPY).

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

Abraxas Petroleum's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.81%), Russell Investments Group Ltd. (2.29%), State Street Corp (1.84%), Biglari Capital CORP. (1.12%), Invesco Ltd. (0.71%) and Sigma Planning Corp (0.62%). Company insiders that own Abraxas Petroleum stock include Peter A Bommer, Robert L G Watson, Stephen T Wendel 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 BlackRock Inc., and Biglari Capital CORP.. View insider buying and selling activity for Abraxas Petroleum.

AXAS stock was bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Invesco Ltd., State Street Corp, Sigma Planning Corp, and Wells Fargo & Company MN. Company insiders that have bought Abraxas Petroleum stock in the last two years include Peter A Bommer, Robert L G Watson, and Stephen T Wendel. View insider buying and selling activity 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 $0.21.

Abraxas Petroleum has a market capitalization of $35.82 million and generates $149.17 million in revenue each year. Abraxas Petroleum employs 100 workers across the globe.

The official website for Abraxas Petroleum is 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.