About Abraxas Petroleum (NASDAQ:AXAS)
Abraxas Petroleum Corporation is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and gas. As of December 31, 2016, the Company's estimated net proved reserves were 44.7 million barrels of oil equivalent (MMBoe), of which 33.6% were classified as proved developed, 74% were oil and natural gas liquids (NGL), and 95% of which (on a PV-10 basis) were operated by the Company. As of December 31, 2016, the Company's daily net production was 6,181 barrels of oil equivalent per day (Boepd), of which 61% was oil or liquids. The Company's oil and gas assets are located in three operating regions: the Rocky Mountain, Permian Basin and onshore Gulf Coast. The Company's properties in the Rocky Mountain region are located in the Williston Basin of North Dakota and Montana, and in the Green River Powder River and Unita Basins of Wyoming and Utah.
Industry, Sector and Symbol
Sub-IndustryOil & Gas Exploration & Production
Trailing P/E Ratio20.7291571961087
Forward P/E Ratio6.31
Sales & Book Value
Annual Sales$86.26 million
Price / Sales4.37
Cash Flow$0.31 per share
Price / Cash7.21
Book Value$0.12 per share
Price / Book18.92
Net Income$16.01 million
Return on Equity19.32%
Return on Assets9.62%
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, March, 13th. The energy company reported $0.04 earnings per share (EPS) for the quarter, meeting the Zacks' consensus estimate of $0.04. The energy company earned $29.60 million during the quarter, compared to analysts' expectations of $28.86 million. Abraxas Petroleum had a net margin of 18.56% and a return on equity of 19.32%. The business's revenue for the quarter was up 34.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.01 earnings per share. View Abraxas Petroleum's Earnings History.
When will Abraxas Petroleum make its next earnings announcement?
Where is Abraxas Petroleum's stock going? Where will Abraxas Petroleum's stock price be in 2018?
4 brokers have issued twelve-month price objectives for Abraxas Petroleum's shares. Their predictions range from $2.50 to $4.00. On average, they expect Abraxas Petroleum's share price to reach $3.30 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)
Are investors shorting Abraxas Petroleum?
Abraxas Petroleum saw a increase in short interest in the month of February. As of February 15th, there was short interest totalling 3,148,000 shares, an increase of 73.1% from the January 31st total of 1,818,112 shares. Based on an average daily volume of 1,133,455 shares, the short-interest ratio is presently 2.8 days. Currently, 2.0% of the shares of the company are sold short.
Who are some of Abraxas Petroleum's key competitors?
Some companies that are related to Abraxas Petroleum include Baytex Energy (BTE), California Resources (CRC), Ophir Energy (OPHRY), Earthstone Energy (ESTE), Hurricane Energy (HRCXF), W&T Offshore (WTI), Bonanza Creek Energy (BCEI), Genel Energy (GEGYY), Dorchester Minerals (DMLP), Bill Barrett (BBG), Hess Midstream Partners (HESM), Penn Virginia (PVAC), Enquest (ENQUF), Obsidian Energy (OBE), Africa Oil (AOIFF), Soco International (SOCLF), San Juan Basin Royalty Trust (SJT) and EP Energy (EPE).
Who are Abraxas Petroleum's key executives?
Abraxas Petroleum's management team includes the folowing people:
- Robert Leon Glen Watson, Chairman of the Board, President, Chief Executive Officer (Age 66)
- Geoffrey R. King, Chief Financial Officer, Vice President (Age 36)
- George William Krog Jr., Chief Accounting Officer (Age 63)
- William H. Wallace, Vice President - Operations (Age 59)
- Stephen T. Wendel, Vice President - Land and Marketing, Corporate Secretary (Age 67)
- Peter A. Bommer, Vice President - Engineering (Age 60)
- Ralph F. Cox, Lead Independent Director (Age 84)
- Harold D. Carter, Independent Director (Age 78)
- W. Dean Karrash, Independent Director (Age 55)
- Jerry J. Langdon, Independent Director (Age 65)
Has Abraxas Petroleum been receiving favorable news coverage?
Press coverage about AXAS stock has trended somewhat negative recently, according to Accern. The research group scores the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Abraxas Petroleum earned a news impact score of -0.03 on Accern's scale. They also assigned media stories about the energy company an impact score of 46.22 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next several days.
Who are Abraxas Petroleum's major shareholders?
Abraxas Petroleum's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.59%), Mangrove Partners (2.01%), Cortina Asset Management LLC (1.20%), BLB&B Advisors LLC (1.02%), Heartland Advisors Inc. (1.00%) and Foundry Partners LLC (0.90%). Company insiders that own Abraxas Petroleum stock include Edward Russell and Lee T Billingsley. View Institutional Ownership Trends for Abraxas Petroleum.
Which institutional investors are selling Abraxas Petroleum stock?
AXAS stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Macquarie Group Ltd., BLB&B Advisors LLC, First Quadrant L P CA, Goldman Sachs Group Inc., Cortina Asset Management LLC, QS Investors LLC and Schwab Charles Investment Management Inc.. View Insider Buying and Selling for Abraxas Petroleum.
Which institutional investors are buying Abraxas Petroleum stock?
AXAS stock was bought by a variety of institutional investors in the last quarter, including Mangrove Partners, Heartland Advisors Inc., Foundry Partners LLC, EAM Investors LLC, Two Sigma Investments LP, Thrivent Financial For Lutherans, Renaissance Technologies LLC and Wasatch Advisors Inc.. 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 $2.27.
How big of a company is Abraxas Petroleum?
Abraxas Petroleum has a market capitalization of $338.42 million and generates $86.26 million in revenue each year. The energy company earns $16.01 million in net income (profit) each year or $0.11 on an earnings per share basis. Abraxas Petroleum employs 109 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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Abraxas Petroleum (NASDAQ:AXAS) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Buy|
|Consensus Rating Score: ||3.00||3.00||3.00||3.00|
|Ratings Breakdown: ||0 Sell Rating(s)|
0 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
0 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
0 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
0 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$3.30||$2.95||$2.50||$2.64|
|Price Target Upside: ||45.37% upside||23.43% upside||17.37% upside||55.29% upside|
Abraxas Petroleum (NASDAQ:AXAS) Consensus Price Target History
Abraxas Petroleum (NASDAQ:AXAS) Analyst Ratings History
(Data available from 3/22/2016 forward)
Abraxas Petroleum (NASDAQ:AXAS) Earnings History and Estimates Chart
Abraxas Petroleum (NASDAQ AXAS) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|3/13/2018||After Market||$0.04||$0.04||$28.86 million||$29.60 million||View||Listen|
|11/7/2017||Q3 2017||$0.05||$0.04||$25.38 million||$24.70 million||View||N/A|
|8/8/2017||Q2 2017||$0.02||$0.01||$16.70 million||$13.15 million||View||Listen|
|5/9/2017||Q1 2017||$0.02||$0.03||$19.87 million||$18.80 million||View||Listen|
|3/14/2017||Q4 2016||($0.01)||$0.01||$20.19 million||$22.00 million||View||Listen|
|11/8/2016||Q316||($0.03)||($0.02)||$15.16 million||$14.00 million||View||Listen|
|8/9/2016||Q216||$0.01||($0.05)||$18.94 million||$11.00 million||View||Listen|
|5/10/2016||Q116||($0.02)||($0.01)||$14.94 million||$9.56 million||View||Listen|
|3/15/2016||Q415||($0.03)||($0.02)||$19.10 million||$13.30 million||View||Listen|
|11/4/2015||Q315||($0.02)||($0.03)||$21.34 million||$17.80 million||View||Listen|
|8/6/2015||Q215||($0.01)||($0.06)||$21.51 million||$20.50 million||View||Listen|
|5/7/2015||Q115||($0.02)||($0.01)||$23.05 million||$22.30 million||View||Listen|
|3/4/2015||Q414||$0.05||$0.06||$36.25 million||$31.20 million||View||Listen|
|11/5/2014||Q314||$0.15||$0.15||$45.22 million||$44.20 million||View||Listen|
|8/6/2014||Q2||$0.10||$0.11||$30.97 million||$33.60 million||View||Listen|
|5/8/2014||Q1||$0.06||$0.07||$24.03 million||$25.90 million||View||Listen|
|3/12/2014||Q4||$0.04||($0.03)||$22.63 million||$22.55 million||View||Listen|
|11/6/2013||Q313||$0.05||$0.09||$25.60 million||$29.10 million||View||Listen|
|8/8/2013||Q2 2013||$0.02||$0.03||$22.51 million||$21.50 million||View||Listen|
|5/10/2013||Q1 2013||$0.03||$20.50 million||$21.20 million||View||N/A|
|3/15/2013||Q4 2012||($0.01)||($0.03)||$18.24 million||$19.10 million||View||Listen|
Abraxas Petroleum (NASDAQ:AXAS) Earnings Estimates
2018 EPS Consensus Estimate: $0.41
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Abraxas Petroleum (NASDAQ:AXAS)
No dividend announcements for this company have been tracked by MarketBeat.com
Abraxas Petroleum (NASDAQ AXAS) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 8.50%
Institutional Ownership Percentage: 51.84%
Abraxas Petroleum (NASDAQ AXAS) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|9/29/2016||Lee T Billingsley||VP||Sell||100,000||$1.68||$168,000.00||230,037|| |
|6/1/2016||Edward Russell||Director||Buy||4,000||$1.08||$4,320.00||20,300|| |
|8/25/2015||George William Krog Jr||CAO||Buy||10,000||$1.56||$15,600.00||109,244|| |
|8/10/2015||Brian L Melton||Director||Buy||3,000||$1.72||$5,160.00|| |
|8/10/2015||Stephen T Wendel||VP||Buy||30,000||$1.86||$55,800.00|| |
|5/27/2015||W. Dean Karrash||Director||Buy||3,000||$2.88||$8,640.00|| |
|5/12/2015||Edward Russell||Director||Buy||2,000||$3.30||$6,600.00|| |
|5/8/2015||Jerry J Langdon||Director||Buy||3,700||$3.34||$12,358.00|| |
|3/6/2015||Geoffrey R King||CFO||Buy||2,796||$3.21||$8,975.16|| |
|3/6/2015||George William Krog Jr||CAO||Buy||2,787||$3.21||$8,946.27|| |
|3/6/2015||Lee T Billingsley||VP||Buy||2,876||$3.21||$9,231.96|| |
|3/5/2015||Edward Russell||Director||Buy||1,500||$3.07||$4,605.00|| |
|12/11/2013||W. Dean Karrash||Director||Buy||2,000||$3.08||$6,160.00||22,050|| |
|7/24/2013||Franklin A Burke||Director||Buy||70,003||$2.39||$167,307.17|| |
|1/29/2013||Paul A Powell||Director||Buy||5,000||$2.14||$10,700.00|| |
|1/18/2013||Brian L Melton||Director||Buy||1,750||$2.18||$3,815.00|| |
|1/14/2013||Edward Russell||Director||Buy||5,000||$2.25||$11,250.00|| |
|1/8/2013||W. Dean Karrash||Director||Buy||5,000||$2.25||$11,250.00|| |
Abraxas Petroleum (NASDAQ AXAS) News Headlines
|Abraxas Petroleum: Recent Well Results Impress|
seekingalpha.com - March 22 at 9:13 AM
|$38.85 Million in Sales Expected for Abraxas Petroleum Corp. (AXAS) This Quarter|
www.americanbankingnews.com - March 18 at 9:40 AM
|Edited Transcript of AXAS earnings conference call or presentation 14-Mar-18 3:00pm GMT|
finance.yahoo.com - March 18 at 8:57 AM
|$0.09 EPS Expected for Abraxas Petroleum Corp. (AXAS) This Quarter|
www.americanbankingnews.com - March 16 at 5:16 AM
|Abraxas Petroleum (AXAS) Price Target Increased to $3.70 by Analysts at Stifel Nicolaus|
www.americanbankingnews.com - March 14 at 5:27 PM
|Abraxas Petroleum -2% following in-line Q4 earnings|
seekingalpha.com - March 14 at 10:55 AM
|After-Hours Stock Movers 03/13: (RFIL) (CAL) (PETQ) Higher; (SILC) (CTT) (HTHT) Lower (more...)|
www.streetinsider.com - March 14 at 9:43 AM
|Abraxas Petroleum (AXAS) Announces Quarterly Earnings Results, Meets Estimates|
www.americanbankingnews.com - March 13 at 11:26 PM
|Abraxas Petroleum (AXAS) Earns "Buy" Rating from Canaccord Genuity|
www.americanbankingnews.com - March 13 at 9:08 PM
|New Research Coverage Highlights Gastar Exploration, CENTENNIAL RES, Advance Auto Parts, Celsion, Regions Financial, and Abraxas Petroleum — Consolidated Revenues, Company Growth, and Expectations for 2018|
finance.yahoo.com - March 8 at 9:12 AM
|Abraxas Petroleum Corp. (AXAS) Given Consensus Recommendation of "Buy" by Brokerages|
www.americanbankingnews.com - March 7 at 5:58 AM
|Abraxas Petroleum (AXAS) Scheduled to Post Earnings on Tuesday|
www.americanbankingnews.com - March 6 at 2:14 AM
|Abraxas Petroleum Corp. (AXAS) Sees Large Growth in Short Interest|
www.americanbankingnews.com - March 3 at 1:54 AM
|Cortina Asset Management LLC Reduces Position in Abraxas Petroleum Corp. (AXAS)|
www.americanbankingnews.com - March 2 at 12:47 PM
|Abraxas Petroleum (AXAS) & Kosmos Energy (KOS) Head-To-Head Analysis|
www.americanbankingnews.com - March 2 at 1:16 AM
|EAM Investors LLC Takes $2.21 Million Position in Abraxas Petroleum Corp. (AXAS)|
www.americanbankingnews.com - March 1 at 12:12 PM
|EP Energy (EPE) and Abraxas Petroleum (AXAS) Head to Head Survey|
www.americanbankingnews.com - February 28 at 5:15 PM
|US shale's peak could be 4 years away|
www.businessinsider.com - February 27 at 9:01 AM
| Analysts Anticipate Abraxas Petroleum Corp. (AXAS) Will Announce Earnings of $0.04 Per Share|
www.americanbankingnews.com - February 27 at 5:14 AM
|BRIEF-Abraxas Provides Reserve And Operational Update|
www.reuters.com - February 20 at 8:47 AM
|Abraxas Petroleum Corp. (AXAS) Expected to Announce Quarterly Sales of $29.70 Million|
www.americanbankingnews.com - February 12 at 4:52 AM
|Abraxas Petroleum (AXAS) Downgraded to Hold at BidaskClub|
www.americanbankingnews.com - February 10 at 12:12 PM
|Abraxas Petroleum Corp. (AXAS) Given Consensus Rating of "Buy" by Brokerages|
www.americanbankingnews.com - February 10 at 5:48 AM
|Q4 2017 EPS Estimates for Abraxas Petroleum Corp. (AXAS) Reduced by Seaport Global Securities|
www.americanbankingnews.com - February 7 at 8:54 AM
|Seaport Global Securities Weighs in on Abraxas Petroleum Corp.'s FY2017 Earnings (AXAS)|
www.americanbankingnews.com - February 6 at 8:24 AM
|Abraxas Provides Operational, Acquisition and Guidance Update|
finance.yahoo.com - January 31 at 9:52 AM
|Abraxas Petroleum (AXAS) Stock Rating Reaffirmed by Stifel Nicolaus|
www.americanbankingnews.com - January 30 at 8:52 AM
|Critical Survey: Nexen Energy (NXY) and Abraxas Petroleum (AXAS)|
www.americanbankingnews.com - January 29 at 11:14 PM
|Abraxas Petroleum Corporation (AXAS) Sees Large Decline in Short Interest|
www.americanbankingnews.com - January 29 at 1:20 AM
| Analysts Expect Abraxas Petroleum Corporation (AXAS) Will Post Quarterly Sales of $32.77 Million|
www.americanbankingnews.com - January 26 at 3:58 AM
|Abraxas Petroleum's (AXAS) Buy Rating Reiterated at Canaccord Genuity|
www.americanbankingnews.com - January 24 at 4:44 PM
|Zacks: Analysts Expect Abraxas Petroleum Corporation (AXAS) to Announce $0.06 EPS|
www.americanbankingnews.com - January 24 at 3:30 PM
|Pre-Market Technical Scan on Independent Oil & Gas Equities -- Gran Tierra Energy, Houston American Energy ... - PR Newswire (press release)|
www.prnewswire.com - January 18 at 5:50 AM
|Abraxas Provides Fourth Quarter and Year End 2017 Conference Call Information - Business Wire (press release)|
www.businesswire.com - January 16 at 5:43 AM
|Abraxas Petroleum Corporation (AXAS) Receives Consensus Rating of "Buy" from Analysts|
www.americanbankingnews.com - January 16 at 5:32 AM
|Abraxas Petroleum Corporation (AXAS) Sees Significant Increase in Short Interest|
www.americanbankingnews.com - January 12 at 2:38 AM
| Brokerages Expect Abraxas Petroleum Corporation (AXAS) Will Announce Quarterly Sales of $32.77 Million|
www.americanbankingnews.com - January 9 at 8:36 AM
|3 Bullish Stocks And 2 Bearish Stocks To Watch This Week - Benzinga|
www.benzinga.com - January 9 at 6:05 AM
|Abraxas Petroleum Corporation (AXAS) Expected to Post Earnings of $0.06 Per Share|
www.americanbankingnews.com - January 7 at 11:24 AM
|Abraxas Petroleum (AXAS) Lifted to "Strong-Buy" at BidaskClub|
www.americanbankingnews.com - January 6 at 12:30 PM
|ETFs with exposure to Abraxas Petroleum Corp. : January 2, 2018|
finance.yahoo.com - January 2 at 3:16 PM
|Abraxas Petroleum (AXAS) in Focus: Stock Moves 8.1% Higher - Nasdaq|
www.nasdaq.com - December 27 at 3:03 PM
|Abraxas Petroleum (AXAS) in Focus: Stock Moves 8.1% Higher|
finance.yahoo.com - December 27 at 9:45 AM
| Brokerages Anticipate Abraxas Petroleum Corporation (AXAS) Will Announce Quarterly Sales of $32.77 Million|
www.americanbankingnews.com - December 24 at 4:58 PM
|Abraxas Petroleum (AXAS) Upgraded at BidaskClub|
www.americanbankingnews.com - December 22 at 11:28 PM
|ETFs with exposure to Abraxas Petroleum Corp. : December 22, 2017|
finance.yahoo.com - December 22 at 3:20 PM
|Seaport Global Securities Weighs in on Abraxas Petroleum Corporation's Q1 2018 Earnings (AXAS)|
www.americanbankingnews.com - December 22 at 11:14 AM
|$0.06 EPS Expected for Abraxas Petroleum Corporation (AXAS) This Quarter|
www.americanbankingnews.com - December 22 at 3:04 AM
|Seaport Global Securities Equities Analysts Raise Earnings Estimates for Abraxas Petroleum Corporation (AXAS)|
www.americanbankingnews.com - December 21 at 11:06 AM
|Abraxas Petroleum (AXAS) Upgraded by Robert W. Baird to "Outperform"|
www.americanbankingnews.com - December 19 at 8:18 AM
Abraxas Petroleum (NASDAQ:AXAS) SEC Filings
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Abraxas Petroleum (NASDAQ:AXAS) Income Statement, Balance Sheet and Cash Flow Statement
Abraxas Petroleum (NASDAQ AXAS) Stock Chart for Thursday, March, 22, 2018