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

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

Abraxas Petroleum Corp. (NASDAQ:AXAS) issued its quarterly earnings results on Wednesday, November, 13th. The energy company reported $0.02 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.04 by $0.02. The energy company earned $31.54 million during the quarter, compared to analysts' expectations of $34.15 million. Abraxas Petroleum had a net margin of 43.17% and a return on equity of 9.26%. 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 Wall Street analysts have issued twelve-month price targets for Abraxas Petroleum's stock. Their forecasts range from $1.00 to $1.00. On average, they expect Abraxas Petroleum's share price to reach $1.00 in the next twelve months. This suggests a possible upside of 426.3% 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 very negative this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Abraxas Petroleum earned a coverage optimism score of -3.2 on InfoTrie's scale. They also gave news headlines about the energy company a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Abraxas Petroleum.

Abraxas Petroleum saw a increase in short interest in February. As of February 14th, there was short interest totalling 2,640,000 shares, an increase of 7.8% from the January 30th total of 2,450,000 shares. Based on an average trading volume of 2,040,000 shares, the days-to-cover ratio is presently 1.3 days. Currently, 1.6% of the shares of the 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), Apache (APA), Diamondback Energy (FANG), 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 EQT (EQT).

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), Seanergy Maritime (SHIP) and Acasti Pharma (ACST).

Abraxas Petroleum's stock is owned by a variety of of retail and institutional investors. Top institutional investors include State Street Corp (1.66%), Formula Growth Ltd. (1.45%), Geode Capital Management LLC (1.25%), BLB&B Advisors LLC (0.70%), Sigma Planning Corp (0.57%) and Renaissance Technologies LLC (0.47%). Company insiders that own Abraxas Petroleum stock include Geoffrey R King, Peter A Bommer, Robert L G Watson, Stephen T Wendel 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 Formula Growth Ltd., Geode Capital Management LLC, BLB&B Advisors LLC, State Street Corp, CWM LLC, Bank of New York Mellon Corp and Alliancebernstein L.P.. View Insider Buying and Selling for Abraxas Petroleum.

AXAS stock was acquired by a variety of institutional investors in the last quarter, including RPg Family Wealth Advisory LLC, Panagora Asset Management Inc., UBS Group AG, Renaissance Technologies LLC, Perritt Capital Management Inc., Virtu Financial LLC, Goldman Sachs Group Inc. and Barclays PLC. Company insiders that have bought Abraxas Petroleum stock in the last two years include Geoffrey R King, Peter A Bommer, Robert L G Watson and Stephen T Wendel. 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 $0.19.

Abraxas Petroleum has a market capitalization of $32.00 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.