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:
- Sector: Oils/Energy
- Industry: Oil & Gas Exploration and Production
- Sub-Industry: Oil & Gas Exploration & Production
- Symbol: NASDAQ:AXAS
- CUSIP: 00383010
- Web: www.abraxaspetroleum.com
Capitalization:- Market Cap: $301.48 million
- Outstanding Shares: 162,356,000
Average Prices:- 50 Day Moving Avg: $1.69
- 200 Day Moving Avg: $1.80
- 52 Week Range: $1.45 - $2.99
P/E:- Trailing P/E Ratio: 21.90
- Foreward P/E Ratio: 6.81
- P/E Growth: 6.29
Sales & Book Value:- Annual Revenue: $62.48 million
- Price / Sales: 4.78
- Book Value: $0.65 per share
- Price / Book: 2.83
Profitability:- EBIDTA: $42.36 million
- Net Margins: 18.14%
- Return on Equity: 7.68%
- Return on Assets: 2.83%
Debt:- Debt-to-Equity Ratio: 0.32%
- Current Ratio: 0.47%
- Quick Ratio: 0.47%
Misc:- Average Volume: 1.16 million shs.
- Beta: 1.48
- Short Ratio: 1.46
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 earnings results on Tuesday, August, 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.02 by $0.01. The company had revenue of $13.15 million for the quarter, compared to the consensus estimate of $16.70 million. Abraxas Petroleum Corporation had a return on equity of 7.68% and a net margin of 18.14%. 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?
5 analysts have issued 1 year target prices for Abraxas Petroleum Corporation's stock. Their predictions range from $2.20 to $3.00. On average, they expect Abraxas Petroleum Corporation's stock price to reach $2.64 in the next twelve months. View Analyst Ratings for Abraxas Petroleum Corporation.
What are 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. " (8/18/2017)
- 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)
Are investors shorting Abraxas Petroleum Corporation?
Abraxas Petroleum Corporation saw a increase in short interest in the month of August. As of August 15th, there was short interest totalling 2,300,033 shares, an increase of 40.3% from the July 31st total of 1,639,797 shares. Based on an average daily trading volume, of 1,048,910 shares, the short-interest ratio is presently 2.2 days. Currently, 1.5% of the shares of the company are short sold.
Who are some of Abraxas Petroleum Corporation's key competitors?
Some companies that are related to Abraxas Petroleum Corporation include Pengrowth Energy Corporation (PGH), Ophir Energy Plc (OPHR), Denbury Resources (DNR), California Resources Corporation (CRC), Genel Energy PLC (GENL), W&T Offshore (WTI), SOCO International plc (SIA), San Juan Basin Royalty Trust (SJT), Sound Energy PLC (SOU), Sanchez Energy Corporation (SN), Faroe Petroleum plc (FPM), Hurricane Energy PLC (HUR), Energy XXI Gulf Coast (EXXI), Premier Oil PLC (PMO), Bill Barrett Corporation (BBG), Enquest Plc (ENQ), Gulf Keystone Petroleum Limited (GKP) and Earthstone Energy (ESTE).
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
- Geoffrey R. King, Chief Financial Officer, Vice President
- George William Krog Jr., Chief Accounting Officer
- William H. Wallace, Vice President - Operations
- Stephen T. Wendel, Vice President - Land and Marketing, Corporate Secretary
- Peter A. Bommer, Vice President - Engineering
- Ralph F. Cox, Lead Independent Director
- Harold D. Carter, Independent Director
- W. Dean Karrash, Independent Director
- Jerry J. Langdon, Independent Director
Who owns Abraxas Petroleum Corporation stock?
Abraxas Petroleum Corporation's stock is owned by many different of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (5.13%), JPMorgan Chase & Co. (2.71%), Formula Growth Ltd. (2.13%), State Street Corp (1.57%), Northern Trust Corp (1.30%) and Thomson Horstmann & Bryant Inc. (1.22%). 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 Wasatch Advisors Inc., ClariVest Asset Management LLC, Thomson Horstmann & Bryant Inc., Parametric Portfolio Associates LLC, Argent Capital Management LLC, Cornerstone Capital Management Holdings LLC., JPMorgan Chase & Co. and FMR LLC. 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 Vanguard Group Inc., QS Investors LLC, TIAA CREF Investment Management LLC, Formula Growth Ltd., Algert Global LLC, State Street Corp, Cadence Capital Management LLC and Van ECK Associates Corp. 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 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 $1.84.
MarketBeat Community Rating for Abraxas Petroleum Corporation (NASDAQ 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.
Consensus Ratings for Abraxas Petroleum Corporation (NASDAQ:AXAS) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings 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). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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: | 5 Buy Ratings |
| Consensus Rating: | Buy (Score: 3.00) |
| Consensus Price Target: | $2.64 (43.48% upside) |
Analysts' Ratings History for Abraxas Petroleum Corporation (NASDAQ:AXAS)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 9/8/2017 | Canaccord Genuity | Reiterated Rating | Buy | | Low |  |
| 9/3/2017 | Stifel Nicolaus | Reiterated Rating | Buy | $2.20 | 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 | |
(Data available from 9/25/2015 forward)
Earnings History for Abraxas Petroleum Corporation (NASDAQ:AXAS)Earnings History by Quarter for Abraxas Petroleum Corporation (NASDAQ AXAS)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 11/7/2017 | | $0.04 | | | | | 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) | | | 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 | |
| 8/9/2012 | | $0.03 | $0.02 | | | View | N/A | |
| 5/9/2012 | | $0.06 | $0.02 | | | View | N/A | |
| 11/9/2011 | | $0.05 | $0.04 | | | View | N/A | |
| 8/9/2011 | | $0.05 | $0.01 | | | View | N/A | |
| 5/9/2011 | | $0.03 | $0.01 | | | View | N/A | |
| 3/17/2011 | | $0.02 | ($0.02) | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Abraxas Petroleum Corporation (NASDAQ:AXAS)2017 EPS Consensus Estimate: $0.13
2018 EPS Consensus Estimate: $0.14
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 3 | $0.01 | $0.05 | $0.02 |
| Q2 2017 | 3 | $0.01 | $0.06 | $0.03 |
| Q3 2017 | 3 | $0.01 | $0.06 | $0.04 |
| Q4 2017 | 2 | $0.01 | $0.06 | $0.04 |
| Q1 2018 | 1 | $0.03 | $0.03 | $0.03 |
| Q2 2018 | 1 | $0.03 | $0.03 | $0.03 |
| Q3 2018 | 1 | $0.04 | $0.04 | $0.04 |
| Q4 2018 | 1 | $0.04 | $0.04 | $0.04 |
(Data provided by Zacks Investment Research)
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: 44.49%
Insider Trades by Quarter for Abraxas Petroleum Corporation (NASDAQ:AXAS)| 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 | |
(Data available from 1/1/2013 forward)
Headline Trends for Abraxas Petroleum Corporation (NASDAQ:AXAS)
Latest Headlines for Abraxas Petroleum Corporation (NASDAQ:AXAS)
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Abraxas Petroleum Corporation (AXAS) Chart for Monday, September, 25, 2017
