About Abraxas Petroleum Corporation (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
Industry Oil & Gas Exploration and Production
Sub-IndustryOil & Gas Exploration & Production
Trailing P/E Ratio22
Forward P/E Ratio13.73
Sales & Book Value
Annual Sales$56.56 million
Price / Sales6.04
Cash Flow$0.11 per share
Price / Cash19.22
Book Value$0.66 per share
Price / Book3.12
Return on Equity17.00%
Return on Assets7.73%
Frequently Asked Questions for Abraxas Petroleum Corporation (NASDAQ:AXAS)
What is Abraxas Petroleum Corporation's stock symbol?
Abraxas Petroleum Corporation trades on the NASDAQ under the ticker symbol "AXAS."
How were Abraxas Petroleum Corporation's earnings last quarter?
Abraxas Petroleum Corporation (NASDAQ:AXAS) issued its quarterly earnings data on Tuesday, November, 7th. The energy company reported $0.04 EPS for the quarter, missing the Zacks' consensus estimate of $0.05 by $0.01. The energy company had revenue of $24.70 million for the quarter, compared to analyst estimates of $25.38 million. Abraxas Petroleum Corporation had a return on equity of 17.00% and a net margin of 18.83%. The company's revenue for the quarter was up 76.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.02) EPS. View Abraxas Petroleum Corporation's Earnings History.
When will Abraxas Petroleum Corporation make its next earnings announcement?
Where is Abraxas Petroleum Corporation's stock going? Where will Abraxas Petroleum Corporation's stock price be in 2017?
3 analysts have issued twelve-month price objectives for Abraxas Petroleum Corporation's shares. Their forecasts range from $2.00 to $2.50. On average, they expect Abraxas Petroleum Corporation's stock price to reach $2.33 in the next year. View Analyst Ratings for Abraxas Petroleum Corporation.
What are Wall Street analysts saying about Abraxas Petroleum Corporation stock?
Here are some recent quotes from research analysts about Abraxas Petroleum Corporation 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. " (11/15/2017)
- 2. Stifel Nicolaus analysts commented, "Following a strong IP rate from its first Wolfcamp well, AXAS expects to maintain a rig on its Delaware Basin acreage in Ward and Reeves counties, TX, to drill 7 (6 net) wells this year, 5 more than its original plan. The company has also allocated $15MM to expand its footprint in the area where it currently holds 5,811 net acres. The new plan increases the 2017 budget to $110MM from $60MM and 2017 production guidance to 7.8-8.6 MBoe/d from 7.0-7.4 MBoe/d. The midpoint of the latter implies production growth of 32% y/y.The Williston Basin plan is unchanged with the 8 (5 net) operated and 3 (2 net) non-operated wells this year while the budget increased a modest $0.5MM at Jourdanton where 2 Austin Chalk wells will be drilled." (1/20/2017)
Who are some of Abraxas Petroleum Corporation's key competitors?
Some companies that are related to Abraxas Petroleum Corporation include California Resources Corporation (CRC), UK Oil & Gas Investments PLC (UKOG), Earthstone Energy (ESTE), Hurricane Energy PLC (HUR), Sound Energy plc (SOU), EP Energy Corporation (EPE), Pengrowth Energy Corporation (PGH), Ophir Energy Plc (OPHR), Bill Barrett Corporation (BBG), Sanchez Energy Corporation (SN), W&T Offshore (WTI), SOCO International plc (SIA), San Juan Basin Royalty Trust (SJT), Faroe Petroleum plc (FPM), Premier Oil plc (PMO), EnQuest PLC (ENQ), Genel Energy PLC (GENL) and Lilis Energy (LLEX).
Who are Abraxas Petroleum Corporation's key executives?
Abraxas Petroleum Corporation's management team includes the folowing people:
- Robert Leon Glen Watson, Chairman of the Board, President, Chief Executive Officer (Age 64)
- Geoffrey R. King, Chief Financial Officer, Vice President (Age 34)
- George William Krog Jr., Chief Accounting Officer (Age 61)
- William H. Wallace, Vice President - Operations (Age 57)
- Stephen T. Wendel, Vice President - Land and Marketing, Corporate Secretary (Age 65)
- Peter A. Bommer, Vice President - Engineering (Age 58)
- Ralph F. Cox, Lead Independent Director (Age 81)
- Harold D. Carter, Independent Director (Age 76)
- W. Dean Karrash, Independent Director (Age 53)
- Jerry J. Langdon, Independent Director (Age 63)
Who owns Abraxas Petroleum Corporation stock?
Abraxas Petroleum Corporation's stock is owned by many different of institutional and retail investors. Top institutional investors include JPMorgan Chase & Co. (2.62%), Formula Growth Ltd. (2.24%), Cortina Asset Management LLC (1.25%), ClariVest Asset Management LLC (0.86%), Nationwide Fund Advisors (0.64%) and Cadence Capital Management LLC (0.57%). Company insiders that own Abraxas Petroleum Corporation stock include Edward Russell and Lee T Billingsley. View Institutional Ownership Trends for Abraxas Petroleum Corporation.
Who sold Abraxas Petroleum Corporation stock? Who is selling Abraxas Petroleum Corporation stock?
Abraxas Petroleum Corporation's stock was sold by a variety of institutional investors in the last quarter, including Van ECK Associates Corp, Cortina Asset Management LLC, Algert Global LLC, JPMorgan Chase & Co. and California State Teachers Retirement System. View Insider Buying and Selling for Abraxas Petroleum Corporation.
Who bought Abraxas Petroleum Corporation stock? Who is buying Abraxas Petroleum Corporation stock?
Abraxas Petroleum Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Mckinley Capital Management LLC Delaware, Macquarie Group Ltd., Cadence Capital Management LLC, First Quadrant L P CA, Formula Growth Ltd., GSA Capital Partners LLP, Nationwide Fund Advisors and OxFORD Asset Management LLP. View Insider Buying and Selling for Abraxas Petroleum Corporation.
How do I buy Abraxas Petroleum Corporation stock?
Shares of Abraxas Petroleum Corporation 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 Corporation's stock price today?
One share of Abraxas Petroleum Corporation stock can currently be purchased for approximately $2.06.
How big of a company is Abraxas Petroleum Corporation?
Abraxas Petroleum Corporation has a market capitalization of $328.46 million and generates $56.56 million in revenue each year. The energy company earns $-96,370,000.00 in net income (profit) each year or $0.09 on an earnings per share basis. Abraxas Petroleum Corporation employs 109 workers across the globe.
How can I contact Abraxas Petroleum Corporation?
Abraxas Petroleum Corporation'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 Corporation (AXAS)MarketBeat's community ratings are surveys of what our community members think about Abraxas Petroleum Corporation 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.
Analysts' Consensus Rating for Abraxas Petroleum Corporation (NASDAQ:AXAS) (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.
|Ratings Breakdown: ||0 Sell Ratings, 0 Hold Ratings, 3 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Buy (Score: 3.00)|
|Consensus Price Target: ||$2.33 (13.27% upside)|
Consensus Price Target History for Abraxas Petroleum Corporation (NASDAQ:AXAS)
Analysts' Ratings History for Abraxas Petroleum Corporation (NASDAQ:AXAS)
(Data available from 11/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/5/2017||Stifel Nicolaus||Set Price Target||Buy||$2.00||N/A|
|9/8/2017||Canaccord Genuity||Reiterated Rating||Buy||Low|
|8/11/2017||Seaport Global Securities||Upgrade||Neutral -> Buy||$2.00 -> $2.50||High|
|10/21/2016||HC Wainwright||Initiated Coverage||Buy||$3.00||N/A|
|10/21/2016||Rodman & Renshaw||Initiated Coverage||Buy||$3.00||N/A|
|7/13/2016||Ladenburg Thalmann Financial Services||Initiated Coverage||Buy||N/A|
|4/19/2016||Robert W. Baird||Reiterated Rating||Hold||N/A|
|4/18/2016||Cowen and Company||Upgrade||Market Perform -> Outperform||$1.50||N/A|
|2/1/2016||SunTrust Banks, Inc.||Downgrade||Buy -> Neutral||N/A|
|12/18/2015||Imperial Capital||Reiterated Rating||Hold||N/A|
Earnings History and Estimates Chart for Abraxas Petroleum Corporation (NASDAQ:AXAS)
Earnings History by Quarter for Abraxas Petroleum Corporation (NASDAQ AXAS)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|3/13/2018|| || || || || || || || |
|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|
|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|
|3/15/2013||Q4 2012||($0.01)||($0.03)||$18.24 million||$19.10 million||View||Listen|
Earnings Estimates for Abraxas Petroleum Corporation (NASDAQ:AXAS)
2017 EPS Consensus Estimate: $0.13
2018 EPS Consensus Estimate: $0.14
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Abraxas Petroleum Corporation (NASDAQ:AXAS)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Abraxas Petroleum Corporation (NASDAQ AXAS)
Insider Ownership Percentage: 8.50%
Institutional Ownership Percentage: 43.76%
Insider Trades by Quarter for Abraxas Petroleum Corporation (NASDAQ AXAS)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/29/2016||Lee T Billingsley||VP||Sell||100,000||$1.68||$168,000.00|| |
|6/1/2016||Edward Russell||Director||Buy||4,000||$1.08||$4,320.00|| |
|8/25/2015||George William Krog Jr||CAO||Buy||10,000||$1.56||$15,600.00|| |
|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|| |
|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|| |
Latest Headlines for Abraxas Petroleum Corporation (NASDAQ AXAS)
|$31.27 Million in Sales Expected for Abraxas Petroleum Corporation (AXAS) This Quarter|
www.americanbankingnews.com - November 17 at 3:06 AM
|Zacks: Analysts Expect Abraxas Petroleum Corporation (AXAS) Will Post Earnings of $0.05 Per Share|
www.americanbankingnews.com - November 15 at 7:26 PM
|Abraxas Petroleum Corporation (AXAS) Lowered to "Hold" at Zacks Investment Research|
www.americanbankingnews.com - November 15 at 5:06 PM
|ETFs with exposure to Abraxas Petroleum Corp. : November 14, 2017|
finance.yahoo.com - November 14 at 4:46 PM
|Abraxas Petroleum's (AXAS) CEO Bob Watson on Q3 2017 Results - Earnings Call Transcript|
seekingalpha.com - November 10 at 1:15 PM
|Edited Transcript of AXAS earnings conference call or presentation 9-Nov-17 4:00pm GMT|
finance.yahoo.com - November 10 at 1:15 PM
|Abraxas Petroleum Corporation to Host Earnings Call|
finance.yahoo.com - November 9 at 5:27 PM
|Delays in completing Permian Basin well cost Abraxas Petroleum - San Antonio Business Journal|
www.bizjournals.com - November 8 at 6:39 PM
|Delays in completing Permian Basin well cost Abraxas Petroleum|
finance.yahoo.com - November 8 at 6:39 PM
|Abraxas Announces Third Quarter 2017 Results - Business Wire (press release)|
www.businesswire.com - November 7 at 11:16 PM
|Abraxas Petroleum Corporation (AXAS) Posts Earnings Results, Meets Estimates|
www.americanbankingnews.com - November 7 at 7:46 PM
|Comstock (CRK) Earnings and Revenues Beat Estimates in Q3|
finance.yahoo.com - November 7 at 6:16 PM
|Abraxas Announces Third Quarter 2017 Results|
finance.yahoo.com - November 7 at 6:16 PM
|Abraxas misses Street 3Q forecasts|
finance.yahoo.com - November 7 at 6:16 PM
|Oil Prices Reach a Two-year High on Steady Recovery|
www.prnewswire.com - November 6 at 5:18 PM
|Abraxas Petroleum Corporation (AXAS) Receives Average Recommendation of "Buy" from Analysts|
www.americanbankingnews.com - November 2 at 5:50 AM
|ETFs with exposure to Abraxas Petroleum Corp. : November 1, 2017|
finance.yahoo.com - November 1 at 4:51 PM
|Abraxas Petroleum Corporation (AXAS) Scheduled to Post Earnings on Tuesday|
www.americanbankingnews.com - October 31 at 7:44 AM
|$25.63 Million in Sales Expected for Abraxas Petroleum Corporation (AXAS) This Quarter|
www.americanbankingnews.com - October 28 at 8:38 AM
|Solid Start to Q3 Dispels Ghosts of '87 Crash: 5 Must Buys|
finance.yahoo.com - October 20 at 6:05 PM
|The Zacks Analyst Blog Highlights: Denbury Resources, Abraxas Petroleum, Bill Barrett and Northern Oil and Gas|
finance.yahoo.com - October 16 at 5:03 PM
|Abraxas Petroleum Corporation to Post Q3 2017 Earnings of $0.05 Per Share, Seaport Global Securities Forecasts (AXAS)|
www.americanbankingnews.com - October 16 at 2:58 AM
|Energy Sector to See Strongest Growth in Q3: 5 Top Stocks|
finance.yahoo.com - October 12 at 5:06 PM
|Abraxas Petroleum Corporation (AXAS) Upgraded to Buy at Zacks Investment Research|
www.americanbankingnews.com - October 11 at 4:38 PM
|Abraxas Provides Third Quarter 2017 Conference Call Information|
finance.yahoo.com - October 9 at 5:10 PM
|Abraxas Petroleum Corporation (AXAS) Expected to Post Quarterly Sales of $24.37 Million|
www.americanbankingnews.com - October 9 at 6:36 AM
|Abraxas Petroleum Corporation (AXAS) Given Average Rating of "Buy" by Brokerages|
www.americanbankingnews.com - October 8 at 4:50 AM
|Abraxas Petroleum Corporation (AXAS) Given a $2.00 Price Target at Stifel Nicolaus|
www.americanbankingnews.com - October 6 at 7:52 PM
|Abraxas Petroleum (AXAS) Presents At Independent Petroleum Association Of America Oil & Gas Investment Symposium - Slideshow|
seekingalpha.com - October 5 at 2:19 PM
|ETFs with exposure to Abraxas Petroleum Corp. : October 5, 2017|
finance.yahoo.com - October 5 at 2:19 PM
|Abraxas Petroleum: A Safer Explorer/Producer|
seekingalpha.com - September 29 at 3:37 PM
|Abraxas Petroleum: Achieving Consistently Solid Well Results - Seeking Alpha|
seekingalpha.com - September 27 at 7:42 PM
|BRIEF-Abraxas provides operational update|
www.reuters.com - September 20 at 5:03 PM
|$24.50 Million in Sales Expected for Abraxas Petroleum Corporation (AXAS) This Quarter|
www.americanbankingnews.com - September 20 at 9:24 AM
|Abraxas Provides Operational Update - Business Wire (press release)|
www.businesswire.com - September 19 at 9:17 PM
|Abraxas Provides Operational Update|
finance.yahoo.com - September 19 at 4:16 PM
|ETFs with exposure to Abraxas Petroleum Corp. : September 18, 2017|
finance.yahoo.com - September 18 at 9:41 PM
|$0.04 EPS Expected for Abraxas Petroleum Corporation (AXAS) This Quarter|
www.americanbankingnews.com - September 18 at 4:28 PM
|Head-To-Head Comparison: Abraxas Petroleum Corporation (AXAS) vs. its Peers|
www.americanbankingnews.com - September 11 at 10:08 PM
|Abraxas Petroleum Corporation (AXAS) Stock Rating Reaffirmed by Canaccord Genuity|
www.americanbankingnews.com - September 8 at 1:16 PM
|ETFs with exposure to Abraxas Petroleum Corp. : September 7, 2017|
finance.yahoo.com - September 7 at 4:20 PM
|Abraxas Petroleum Corp. :AXAS-US: Earnings Analysis: Q2, 2017 By the Numbers : September 5, 2017|
finance.yahoo.com - September 5 at 5:52 PM
|Abraxas Petroleum Corporation (AXAS) Earns Buy Rating from Stifel Nicolaus|
www.americanbankingnews.com - September 3 at 6:36 AM
|Abraxas Petroleum Corporation (AXAS) Expected to Post Earnings of $0.03 Per Share|
www.americanbankingnews.com - August 31 at 6:14 AM
|Abraxas Petroleum Corporation (AXAS) Short Interest Up 40.3% in August|
www.americanbankingnews.com - August 28 at 1:20 AM
|Advantage Oil & Gas (AAV) & Abraxas Petroleum Corporation (AXAS) Head-To-Head Review|
www.americanbankingnews.com - August 28 at 12:22 AM
|Abraxas Petroleum Production Finally Grows But The Market Yawns|
seekingalpha.com - August 23 at 4:21 PM
|Oil Explorers Regain Financial Strength: 5 Stocks in Focus|
www.nasdaq.com - August 21 at 9:19 PM
|Abraxas Petroleum Corporation (AXAS) Receives Average Rating of "Buy" from Brokerages|
www.americanbankingnews.com - August 19 at 4:34 AM
|Abraxas Petroleum: Strong Growth Potential Over The Next Couple Years|
seekingalpha.com - August 14 at 9:40 PM
Abraxas Petroleum Corporation (NASDAQ AXAS) Chart for Thursday, November, 23, 2017