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
Stock Exchange NASDAQ
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
SymbolNASDAQ:AXAS
CUSIP00383010
Phone210-490-4788
Debt
Debt-to-Equity Ratio1.07
Current Ratio0.39
Quick Ratio0.39
Price-To-Earnings
Trailing P/E Ratio18.00
Forward P/E Ratio7.23
P/E GrowthN/A
Sales & Book Value
Annual Sales$86.26 million
Price / Sales4.19
Cash Flow$0.2754 per share
Price / Cash7.88
Book Value$0.64 per share
Price / Book3.39
Profitability
EPS (Most Recent Fiscal Year)$0.12
Net Income$16 million
Net Margins-3.70%
Return on Equity28.33%
Return on Assets11.13%
Miscellaneous
Employees112
Outstanding Shares166,710,000
Market Cap$371.77 million
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, August, 7th. The energy company reported $0.02 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.05 by $0.03. The energy company earned $30.92 million during the quarter, compared to the consensus estimate of $31.93 million. Abraxas Petroleum had a negative net margin of 3.70% and a positive return on equity of 28.33%. 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 twelve-month price objectives for Abraxas Petroleum's stock. Their predictions range from $3.00 to $5.00. On average, they anticipate Abraxas Petroleum's stock price to reach $4.00 in the next twelve months. This suggests a possible upside of 84.3% from the stock's current price. View Analyst Price Targets for Abraxas Petroleum.
What is the consensus analysts' recommendation for Abraxas Petroleum?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Abraxas Petroleum in the last year. There are currently 4 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. 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), Penn Virginia (PVAC), HighPoint Resources (HPR), GeoPark (GPRK), Enbridge Energy Management (EEQ), GENEL ENERGY PL/ADR (GEGYY), W&T Offshore (WTI), Chaparral Energy Inc Class A (CHPE), Resolute Energy (REN), Stone Energy (SGY), Talos Energy (TALO), Bonanza Creek Energy (BCEI), Halcon Resources (HK), Hess Midstream Partners (HESM) and Dorchester Minerals (DMLP).
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 articles about AXAS stock have been trending somewhat positive on Thursday, according to Accern. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Abraxas Petroleum earned a coverage optimism score of 0.03 on Accern's scale. They also gave media headlines about the energy company an impact score of 49.91 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the immediate future. View Recent Headlines for Abraxas Petroleum.
Who are Abraxas Petroleum's major shareholders?
Abraxas Petroleum's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.98%), Portolan Capital Management LLC (2.72%), Dimensional Fund Advisors LP (2.54%), Formula Growth Ltd. (2.27%), Heartland Advisors Inc. (1.41%) and Cortina Asset Management LLC (1.37%). 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 institutional investors are selling Abraxas Petroleum stock?
AXAS stock was sold by a variety of institutional investors in the last quarter, including Portolan Capital Management LLC, Formula Growth Ltd., Cadence Capital Management LLC, GSA Capital Partners LLP, FMR LLC, Macquarie Group Ltd., Cortina Asset Management LLC and Eqis Capital Management Inc.. View Insider Buying and Selling for Abraxas Petroleum.
Which institutional investors are buying Abraxas Petroleum stock?
AXAS stock was purchased by a variety of institutional investors in the last quarter, including BLB&B Advisors LLC, Dimensional Fund Advisors LP, BlackRock Inc., Acadian Asset Management LLC, Intrinsic Edge Capital Management LLC, Foundry Partners LLC, EAM Global Investors LLC and Bank of Montreal Can. 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 $2.17.
How big of a company is Abraxas Petroleum?
Abraxas Petroleum has a market capitalization of $371.77 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 (NASDAQ 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.
