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

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

Abraxas Petroleum Corp. (NASDAQ:AXAS) announced its quarterly earnings results on Wednesday, November, 13th. The energy company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $0.02. The energy company had revenue of $31.54 million for the quarter, compared to analyst estimates of $34.15 million. Abraxas Petroleum had a return on equity of 9.26% and a net margin of 43.17%. View Abraxas Petroleum's Earnings History.

Abraxas Petroleum is scheduled to release their next quarterly earnings announcement on Wednesday, March 11th 2020. View Earnings Estimates for Abraxas Petroleum.

3 brokers have issued 1-year price targets for Abraxas Petroleum's stock. Their forecasts range from $1.00 to $1.00. On average, they anticipate Abraxas Petroleum's stock price to reach $1.00 in the next year. This suggests a possible upside of 230.9% from the stock's current price. View Analyst Price Targets 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 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Abraxas Petroleum.

News stories about AXAS stock have been trending somewhat negative on Monday, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Abraxas Petroleum earned a coverage optimism score of -1.4 on InfoTrie's scale. They also assigned headlines about the energy company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Abraxas Petroleum.

Abraxas Petroleum saw a drop in short interest during the month of December. As of December 31st, there was short interest totalling 2,550,000 shares, a drop of 6.9% from the December 15th total of 2,740,000 shares. Based on an average daily trading volume, of 2,090,000 shares, the days-to-cover ratio is presently 1.2 days. Approximately 1.6% of the company's stock 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), Diamondback Energy (FANG), Apache (APA), Continental Resources (CLR), Noble Energy (NBL), Marathon Oil (MRO), Devon Energy (DVN), Cabot Oil & Gas (COG), WPX Energy (WPX), Cimarex Energy (XEC), Kosmos Energy (KOS) and Matador Resources (MTDR).

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

Abraxas Petroleum's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BLB&B Advisors LLC (0.70%). Company insiders that own Abraxas Petroleum stock include Geoffrey R King, Peter A Bommer, Robert L G Watson 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 BLB&B Advisors LLC. View Insider Buying and Selling 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 $0.30.

Abraxas Petroleum has a market capitalization of $50.89 million and generates $149.17 million in revenue each year. The energy company earns $57.82 million in net income (profit) each year or $0.18 on an earnings per share basis. Abraxas Petroleum employs 100 workers across the globe.View Additional Information About Abraxas Petroleum.

The official website for Abraxas Petroleum is http://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.