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

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$1.31 +0.04 (+3.15 %)
(As of 03/26/2019 12:13 PM ET)
Previous Close$1.27
Today's Range$1.27 - $1.34
52-Week Range$0.90 - $3.27
Volume30,575 shs
Average Volume1.00 million shs
Market Capitalization$218.68 million
P/E Ratio7.44
Dividend YieldN/A
Beta1.51
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$149.17 million
Cash Flow$0.3325 per share
Book Value$0.64 per share

Profitability

Net Income$-96,380,000.00

Miscellaneous

Employees100
Market Cap$218.68 million
Next Earnings Date5/14/2019 (Estimated)
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) released its quarterly earnings data on Wednesday, March, 13th. The energy company reported $0.02 EPS for the quarter, missing the Zacks' consensus estimate of $0.04 by $0.02. The energy company had revenue of $36 million for the quarter, compared to the consensus estimate of $32.13 million. Abraxas Petroleum had a return on equity of 27.79% and a net margin of 38.76%. 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, May 14th 2019. View Earnings Estimates for Abraxas Petroleum.

What price target have analysts set for AXAS?

3 brokerages have issued 1 year price objectives for Abraxas Petroleum's shares. Their forecasts 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 192.6% 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?

Headlines about AXAS stock have trended somewhat negative recently, according to InfoTrie. The research group identifies negative and positive press coverage by analyzing more than six thousand blog and news 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 media sentiment score of -1.4 on InfoTrie's scale. They also assigned news coverage about the energy company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the near term.

Who are some of Abraxas Petroleum's key competitors?

What other stocks do shareholders of Abraxas Petroleum own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Abraxas Petroleum investors own include Chesapeake Energy (CHK), Laredo Petroleum (LPI), Callon Petroleum (CPE), Whiting Petroleum (WLL), Freeport-McMoRan (FCX), Advanced Micro Devices (AMD), Christopher & Banks (CBK), Novavax (NVAX), Bank of America (BAC) and Teekay Tankers (TNK).

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 variety of of institutional and retail investors. Top institutional shareholders include Portolan Capital Management LLC (4.08%), Dimensional Fund Advisors LP (3.33%), Dimensional Fund Advisors LP (3.33%), Northern Trust Corp (1.35%), Geode Capital Management LLC (1.16%) and Geode Capital Management LLC (1.16%). 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.

Which institutional investors are selling Abraxas Petroleum stock?

AXAS stock was sold by a variety of institutional investors in the last quarter, including ClariVest Asset Management LLC, Millennium Management LLC, United Services Automobile Association, Two Sigma Investments LP, Assenagon Asset Management S.A., LSV Asset Management, Thrivent Financial for Lutherans and Brandywine Global Investment Management LLC. View Insider Buying and Selling for Abraxas Petroleum.

Which institutional investors are buying Abraxas Petroleum stock?

AXAS stock was acquired by a variety of institutional investors in the last quarter, including Portolan Capital Management LLC, SCW Capital Management LP, Intrinsic Edge Capital Management LLC, D. E. Shaw & Co. Inc., Geode Capital Management LLC, Geode Capital Management LLC, Old West Investment Management LLC and Dimensional Fund Advisors LP. 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 $1.31.

How big of a company is Abraxas Petroleum?

Abraxas Petroleum has a market capitalization of $218.68 million and generates $149.17 million in revenue each year. The energy company earns $-96,380,000.00 in net income (profit) each year or $0.18 on an earnings per share basis. Abraxas Petroleum employs 100 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:  343 (Vote Outperform)
Underperform Votes:  299 (Vote Underperform)
Total Votes:  642
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 3/26/2019 by MarketBeat.com Staff

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