Abraxas Petroleum Corporation Company Profile (NASDAQ:AXAS)

About Abraxas Petroleum Corporation (NASDAQ:AXAS)

Abraxas Petroleum Corporation logoAbraxas 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: $318.22 million
  • Outstanding Shares: 162,356,000
Average Prices:
  • 50 Day Moving Avg: $1.85
  • 200 Day Moving Avg: $1.80
  • 52 Week Range: $1.45 - $2.99
P/E:
  • Trailing P/E Ratio: 14.00
  • Foreward P/E Ratio: 7.54
  • P/E Growth: 7.66
Sales & Book Value:
  • Annual Revenue: $62.48 million
  • Price / Sales: 5.09
  • Book Value: $0.65 per share
  • Price / Book: 3.02
Profitability:
  • EBITDA: $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: 1.03 million shs.
  • Beta: 1.46
  • 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) posted its earnings results on Tuesday, August, 8th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by $0.01. The business had revenue of $13.15 million for the quarter, compared to analysts' expectations 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?

Abraxas Petroleum Corporation is scheduled to release their next quarterly earnings announcement on Tuesday, November, 7th 2017. View Earnings Estimates for Abraxas Petroleum Corporation.

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 predictions range from $2.00 to $2.50. On average, they anticipate Abraxas Petroleum Corporation's share price to reach $2.33 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. " (10/11/2017)
  • 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?

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

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 $1.96.


MarketBeat Community Rating for Abraxas Petroleum Corporation (NASDAQ AXAS)
Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  220 (Vote Outperform)
Underperform Votes:  215 (Vote Underperform)
Total Votes:  435
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.

Analyst Ratings

Consensus Ratings for Abraxas Petroleum Corporation (NASDAQ:AXAS) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 3 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $2.33 (19.05% upside)
Consensus Price Target History for Abraxas Petroleum Corporation (NASDAQ:AXAS)
Price Target History for Abraxas Petroleum Corporation (NASDAQ:AXAS)
Analysts' Ratings History for Abraxas Petroleum Corporation (NASDAQ:AXAS)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/5/2017Stifel NicolausSet Price TargetBuy$2.00N/AView Rating Details
9/8/2017Canaccord GenuityReiterated RatingBuyLowView Rating Details
8/11/2017Seaport Global SecuritiesUpgradeNeutral -> Buy$2.00 -> $2.50HighView Rating Details
10/21/2016HC WainwrightInitiated CoverageBuy$3.00N/AView Rating Details
10/21/2016Rodman & RenshawInitiated CoverageBuy$3.00N/AView Rating Details
7/13/2016Ladenburg Thalmann Financial ServicesInitiated CoverageBuyN/AView Rating Details
4/19/2016Robert W. BairdReiterated RatingHoldN/AView Rating Details
4/18/2016Cowen and CompanyUpgradeMarket Perform -> Outperform$1.50N/AView Rating Details
2/1/2016SunTrust Banks, Inc.DowngradeBuy -> NeutralN/AView Rating Details
12/18/2015Imperial CapitalReiterated RatingHoldN/AView Rating Details
(Data available from 10/22/2015 forward)

Earnings

Earnings History for Abraxas Petroleum Corporation (NASDAQ:AXAS)
Earnings by Quarter for Abraxas Petroleum Corporation (NASDAQ:AXAS)
Earnings History by Quarter for Abraxas Petroleum Corporation (NASDAQ AXAS)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/7/2017$0.04N/AView Earnings Details
8/8/2017Q2 2017$0.02$0.01$16.70 million$13.15 millionViewListenView Earnings Details
5/9/2017Q1 2017$0.02$0.03$19.87 million$18.80 millionViewListenView Earnings Details
3/14/2017Q4 2016($0.01)$0.01$20.19 million$22.00 millionViewListenView Earnings Details
11/8/2016Q316($0.03)($0.02)$15.16 million$14.00 millionViewListenView Earnings Details
8/9/2016Q216$0.01($0.05)$18.94 million$11.00 millionViewListenView Earnings Details
5/10/2016Q116($0.02)($0.01)$14.94 million$9.56 millionViewListenView Earnings Details
3/15/2016Q415($0.03)($0.02)$19.10 million$13.30 millionViewListenView Earnings Details
11/4/2015Q315($0.02)($0.03)$21.34 million$17.80 millionViewListenView Earnings Details
8/6/2015Q215($0.01)($0.06)$21.51 million$20.50 millionViewListenView Earnings Details
5/7/2015Q115($0.02)($0.01)$23.05 million$22.30 millionViewListenView Earnings Details
3/4/2015Q414$0.05$0.06$36.25 million$31.20 millionViewListenView Earnings Details
11/5/2014Q314$0.15$0.15$45.22 million$44.20 millionViewListenView Earnings Details
8/6/2014Q2$0.10$0.11$30.97 million$33.60 millionViewListenView Earnings Details
5/8/2014Q1$0.06$0.07$24.03 million$25.90 millionViewListenView Earnings Details
3/12/2014Q4$0.04($0.03)ViewListenView Earnings Details
11/6/2013Q313$0.05$0.09$25.60 million$29.10 millionViewListenView Earnings Details
8/8/2013Q2 2013$0.02$0.03$22.51 million$21.50 millionViewListenView Earnings Details
3/15/2013Q4 2012($0.01)($0.03)$18.24 million$19.10 millionViewListenView Earnings Details
8/9/2012$0.03$0.02ViewN/AView Earnings Details
5/9/2012$0.06$0.02ViewN/AView Earnings Details
11/9/2011$0.05$0.04ViewN/AView Earnings Details
8/9/2011$0.05$0.01ViewN/AView Earnings Details
5/9/2011$0.03$0.01ViewN/AView Earnings Details
3/17/2011$0.02($0.02)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Abraxas Petroleum Corporation (NASDAQ:AXAS)
2017 EPS Consensus Estimate: $0.13
2018 EPS Consensus Estimate: $0.14
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.01$0.05$0.02
Q2 20173$0.01$0.06$0.03
Q3 20173$0.01$0.06$0.04
Q4 20172$0.01$0.06$0.04
Q1 20181$0.03$0.03$0.03
Q2 20181$0.03$0.03$0.03
Q3 20181$0.04$0.04$0.04
Q4 20181$0.04$0.04$0.04
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Abraxas Petroleum Corporation (NASDAQ:AXAS)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

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)
Institutional Ownership by Quarter for Abraxas Petroleum Corporation (NASDAQ:AXAS)
Insider Trades by Quarter for Abraxas Petroleum Corporation (NASDAQ:AXAS)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/29/2016Lee T BillingsleyVPSell100,000$1.68$168,000.00View SEC Filing  
6/1/2016Edward RussellDirectorBuy4,000$1.08$4,320.00View SEC Filing  
8/25/2015George William Krog JrCAOBuy10,000$1.56$15,600.00View SEC Filing  
8/10/2015Brian L MeltonDirectorBuy3,000$1.72$5,160.00View SEC Filing  
8/10/2015Stephen T WendelVPBuy30,000$1.86$55,800.00View SEC Filing  
5/27/2015W. Dean KarrashDirectorBuy3,000$2.88$8,640.00View SEC Filing  
5/12/2015Edward RussellDirectorBuy2,000$3.30$6,600.00View SEC Filing  
5/8/2015Jerry J LangdonDirectorBuy3,700$3.34$12,358.00View SEC Filing  
3/6/2015Geoffrey R KingCFOBuy2,796$3.21$8,975.16View SEC Filing  
3/6/2015George William Krog JrCAOBuy2,787$3.21$8,946.27View SEC Filing  
3/6/2015Lee T BillingsleyVPBuy2,876$3.21$9,231.96View SEC Filing  
3/5/2015Edward RussellDirectorBuy1,500$3.07$4,605.00View SEC Filing  
12/11/2013W. Dean KarrashDirectorBuy2,000$3.08$6,160.00View SEC Filing  
7/24/2013Franklin A BurkeDirectorBuy70,003$2.39$167,307.17View SEC Filing  
1/29/2013Paul A PowellDirectorBuy5,000$2.14$10,700.00View SEC Filing  
1/18/2013Brian L MeltonDirectorBuy1,750$2.18$3,815.00View SEC Filing  
1/14/2013Edward RussellDirectorBuy5,000$2.25$11,250.00View SEC Filing  
1/8/2013W. Dean KarrashDirectorBuy5,000$2.25$11,250.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Abraxas Petroleum Corporation (NASDAQ:AXAS)
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Chart

Abraxas Petroleum Corporation (AXAS) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

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