NASDAQ:AXAS - Abraxas Petroleum Stock Price, News, & Analysis

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$1.34 -0.03 (-2.19 %)
(As of 01/22/2019 03:25 AM ET)
Previous Close$1.37
Today's Range$1.3150 - $1.3850
52-Week Range$0.90 - $3.27
Volume526,918 shs
Average Volume1.16 million shs
Market Capitalization$223.25 million
P/E Ratio11.17
Dividend YieldN/A
Beta1.5
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.

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Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
Current SymbolNASDAQ:AXAS
CUSIP00383010
Phone210-490-4788

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$86.26 million
Cash Flow$0.2827 per share
Book Value$0.64 per share

Profitability

Net Income$16 million

Miscellaneous

Employees112
Market Cap$223.25 million
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) announced its quarterly earnings data on Wednesday, November, 7th. The energy company reported $0.05 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.04 by $0.01. The energy company had revenue of $41.63 million for the quarter, compared to analysts' expectations of $33.37 million. Abraxas Petroleum had a positive return on equity of 30.57% and a negative net margin of 1.48%. View Abraxas Petroleum's Earnings History.

When is Abraxas Petroleum's next earnings date?

Abraxas Petroleum is scheduled to release their next quarterly earnings announcement on Tuesday, March 12th 2019. View Earnings Estimates for Abraxas Petroleum.

What price target have analysts set for AXAS?

3 brokerages have issued 1-year target prices for Abraxas Petroleum's stock. Their predictions range from $3.00 to $5.00. On average, they expect Abraxas Petroleum's share price to reach $3.8333 in the next twelve months. This suggests a possible upside of 186.1% 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?

Media stories about AXAS stock have trended very positive on Tuesday, InfoTrie reports. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand news and blog sources. 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 3.2 on InfoTrie's scale. They also assigned media headlines about the energy company a news buzz of 4.0 out of 10, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.

Are investors shorting Abraxas Petroleum?

Abraxas Petroleum saw a drop in short interest in the month of December. As of December 31st, there was short interest totalling 1,921,359 shares, a drop of 37.6% from the December 14th total of 3,080,614 shares. Based on an average daily volume of 2,516,760 shares, the days-to-cover ratio is currently 0.8 days. Approximately 1.2% of the shares of the stock are sold short. View Abraxas Petroleum's Current Options Chain.

Who are some of Abraxas Petroleum's key competitors?

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 a number of of institutional and retail investors. Top institutional investors include BLB&B Advisors LLC (0.90%) and Virtu Financial LLC (0.05%). Company insiders that own Abraxas Petroleum stock include Geoffrey R King, 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 BLB&B Advisors LLC. View Insider Buying and Selling for Abraxas Petroleum.

Which major investors are buying Abraxas Petroleum stock?

AXAS stock was acquired by a variety of institutional investors in the last quarter, including Virtu Financial 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 $1.34.

How big of a company is Abraxas Petroleum?

Abraxas Petroleum has a market capitalization of $223.25 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.

What is Abraxas Petroleum's official website?

The official website for Abraxas Petroleum is http://www.abraxaspetroleum.com.

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)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  334 (Vote Outperform)
Underperform Votes:  285 (Vote Underperform)
Total Votes:  619
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.
This page was last updated on 1/22/2019 by MarketBeat.com Staff

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