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About Abraxas Petroleum (NASDAQ:AXAS)
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.
Industry, Sector and Symbol
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
SymbolNASDAQ:AXAS
CUSIP00383010
Phone210-490-4788
Debt
Debt-to-Equity Ratio0.91
Current Ratio0.59
Quick Ratio0.59
Price-To-Earnings
Trailing P/E Ratio27.17
Forward P/E Ratio7.69
P/E GrowthN/A
Sales & Book Value
Annual Sales$86.26 million
Price / Sales5.79
Cash Flow$0.2730 per share
Price / Cash10.99
Book Value$0.64 per share
Price / Book4.69
Profitability
EPS (Most Recent Fiscal Year)$0.12
Net Income$16 million
Net Margins12.11%
Return on Equity27.50%
Return on Assets12.34%
Miscellaneous
Employees112
Outstanding Shares166,570,000
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 Co. (NASDAQ:AXAS) released its quarterly earnings results on Tuesday, May, 8th. The energy company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. The energy company had revenue of $40.63 million for the quarter, compared to analysts' expectations of $39 million. Abraxas Petroleum had a net margin of 12.11% and a return on equity of 27.50%. View Abraxas Petroleum's Earnings History.
When is Abraxas Petroleum's next earnings date?
What price target have analysts set for AXAS?
4 equities research analysts have issued 12 month target prices for Abraxas Petroleum's shares. Their predictions range from $2.50 to $4.70. On average, they anticipate Abraxas Petroleum's share price to reach $3.55 in the next year. 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. Canaccord Genuity analysts commented, "We believe this bodes well for AXAS in 2018, as the company plans to drill 10 gross (7 net) Permian wells over the next 12 months, in addition to its Bakken/Three Forks program. Abraxas had a busy Q4 in the field, and we expect an operations update in the coming days with up to eight well results. AXAS continues to trade at a discount to NAV and peers. We reiterate our BUY rating and our $3.00 price target." (1/24/2018)
- 2. 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. " (11/15/2017)
Who are some of Abraxas Petroleum's key competitors?
Some companies that are related to Abraxas Petroleum include Gulfport Energy (GPOR), Denbury Resources (DNR), California Resources (CRC), HighPoint Resources (HPR), Unit (UNT), W&T Offshore (WTI), Penn Virginia (PVAC), Geopark (GPRK), Chaparral Energy (CHPE), Halcon Resources (HK), Enbridge Energy Management (EEQ), EP Energy (EPE), Resolute Energy (REN), NOSTRUM OIL & G (NSTRY) and Bonanza Creek Energy (BCEI).
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 67)
- Mr. Geoffrey R. King CFA, VP & CFO (Age 37)
- Mr. William H. Wallace, VP of Operations (Age 60)
- Mr. Stephen T. Wendel, VP of Marketing & Contracts and Sec. (Age 68)
- Mr. Peter A. Bommer, VP of Engineering (Age 61)
Has Abraxas Petroleum been receiving favorable news coverage?
News stories about AXAS stock have been trending somewhat negative recently, according to Accern Sentiment Analysis. Accern ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Abraxas Petroleum earned a daily sentiment score of -0.02 on Accern's scale. They also assigned news articles about the energy company an impact score of 47.23 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near future.
Who are Abraxas Petroleum's major shareholders?
Abraxas Petroleum's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.50%), JPMorgan Chase & Co. (2.33%), Dimensional Fund Advisors LP (1.63%), Cortina Asset Management LLC (1.41%), Heartland Advisors Inc. (1.33%) and Northern Trust Corp (1.24%). Company insiders that own Abraxas Petroleum stock include Edward Russell, Geoffrey R King, Lee T Billingsley, Peter A Bommer and Robert L G Watson. View Institutional Ownership Trends for Abraxas Petroleum.
Which major investors are selling Abraxas Petroleum stock?
AXAS stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Schwab Charles Investment Management Inc., Smith Asset Management Group LP, BlackRock Inc., Van ECK Associates Corp, Citigroup Inc., Northern Trust Corp and Lyon Street Capital LLC. View Insider Buying and Selling for Abraxas Petroleum.
Which major investors are buying Abraxas Petroleum stock?
AXAS stock was purchased by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Heartland Advisors Inc., GSA Capital Partners LLP, Allianz Asset Management GmbH, Cortina Asset Management LLC, Foundry Partners LLC, Millennium Management LLC and Old West Investment Management LLC. Company insiders that have bought Abraxas Petroleum stock in the last two years include Edward Russell, 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 $3.00.
How big of a company is Abraxas Petroleum?
Abraxas Petroleum has a market capitalization of $518.04 million and generates $86.26 million in revenue each year. The energy company earns $16 million in net income (profit) each year or $0.12 on an earnings per share basis. Abraxas Petroleum employs 112 workers across the globe.
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 (AXAS)
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.
Abraxas Petroleum (NASDAQ:AXAS) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
4 Wall Street analysts have issued ratings and price targets for Abraxas Petroleum in the last 12 months. Their average twelve-month price target is $3.55, suggesting that the stock has a possible upside of 18.33%. The high price target for AXAS is $4.70 and the low price target for AXAS is $2.50. There are currently 4 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 3.00 | 3.00 | 3.00 | 3.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
0 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $3.55 | $3.30 | $2.95 | $2.3333 |
| Price Target Upside: | 18.33% upside | 39.83% upside | 23.43% upside | 19.66% upside |
Abraxas Petroleum (NASDAQ:AXAS) Consensus Price Target History
Abraxas Petroleum (NASDAQ:AXAS) Analyst Ratings History
Show:
(Data available from 5/22/2016 forward)
Abraxas Petroleum (NASDAQ:AXAS) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Abraxas Petroleum (NASDAQ AXAS) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 5.50%
Institutional Ownership Percentage: 52.52%
Abraxas Petroleum (NASDAQ AXAS) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/31/2018 | Geoffrey R King | CFO | Buy | 7,570 | $2.20 | $16,654.00 | |  |
| 3/31/2018 | Peter A Bommer | VP | Buy | 4,302 | $2.20 | $9,464.40 | | |
| 3/31/2018 | Robert L G Watson | CEO | Buy | 7,478 | $2.20 | $16,451.60 | | |
| 9/29/2016 | Lee T Billingsley | VP | Sell | 100,000 | $1.68 | $168,000.00 | 230,037 | |
| 6/1/2016 | Edward Russell | Director | Buy | 4,000 | $1.08 | $4,320.00 | 20,300 | |
| 8/25/2015 | George William Krog Jr | CAO | Buy | 10,000 | $1.56 | $15,600.00 | 109,244 | |
| 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 | 22,050 | |
| 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)
Abraxas Petroleum (NASDAQ AXAS) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | First quarter results show rebound in San Antonio energy sector
www.bizjournals.com - May 21 at 8:50 AM |
 | Abraxas Petroleum Co. (AXAS) Given Average Rating of "Buy" by Analysts
www.americanbankingnews.com - May 21 at 5:33 AM |
 | Edited Transcript of AXAS earnings conference call or presentation 9-May-18 3:00pm GMT
finance.yahoo.com - May 15 at 9:24 AM |
 | Abraxas Petroleum's (AXAS) CEO Robert Watson on Q1 2018 Results - Earnings Call Transcript
seekingalpha.com - May 10 at 9:07 AM |
| Stifel Nicolaus Trims Abraxas Petroleum (AXAS) Target Price to $4.70
www.americanbankingnews.com - May 9 at 4:58 PM |
| Abraxas Petroleum (AXAS) Issues Earnings Results, Beats Expectations By $0.04 EPS
www.americanbankingnews.com - May 8 at 10:30 PM |
| Analyzing Midstates Petroleum (MPO) & Abraxas Petroleum (AXAS)
www.americanbankingnews.com - May 8 at 9:10 PM |
| Abraxas Announces First Quarter 2018 Financial and Operating Results
finance.yahoo.com - May 8 at 4:55 PM |
| Should You Expect Abraxas Petroleum Corporation (NASDAQ:AXAS) To Continue Delivering An ROE Of 15.06%?
finance.yahoo.com - May 8 at 4:55 PM |
| Abraxas: 1Q Earnings Snapshot
finance.yahoo.com - May 8 at 4:55 PM |
| $39.00 Million in Sales Expected for Abraxas Petroleum Co. (AXAS) This Quarter
www.americanbankingnews.com - May 8 at 3:54 AM |
| Abraxas Petroleum Co. (AXAS) Expected to Post Earnings of $0.11 Per Share
www.americanbankingnews.com - May 6 at 10:12 AM |
| Will Crude Price Rally Hurt Andeavor's (ANDV) Q1 Earnings?
finance.yahoo.com - May 2 at 4:57 PM |
| Abraxas Petroleum (AXAS) Scheduled to Post Earnings on Tuesday
www.americanbankingnews.com - May 1 at 7:12 AM |
| Research Analysts Offer Predictions for Abraxas Petroleum Co.'s Q1 2018 Earnings (AXAS)
www.americanbankingnews.com - April 26 at 8:16 AM |
| Abraxas Petroleum Co. (AXAS) Receives Consensus Rating of "Buy" from Brokerages
www.americanbankingnews.com - April 26 at 5:32 AM |
| Seaport Global Securities Weighs in on Abraxas Petroleum Co.'s Q3 2019 Earnings (AXAS)
www.americanbankingnews.com - April 25 at 9:38 AM |
| Abraxas Petroleum's (AXAS) Buy Rating Reaffirmed at Stifel Nicolaus
www.americanbankingnews.com - April 24 at 8:02 AM |
| Abraxas Petroleum Co. (AXAS) Expected to Announce Quarterly Sales of $40.00 Million
www.americanbankingnews.com - April 21 at 4:40 AM |
| Canaccord Genuity Reiterates "Buy" Rating for Abraxas Petroleum (AXAS)
www.americanbankingnews.com - April 19 at 11:52 PM |
| Abraxas Petroleum Co. (AXAS) Expected to Announce Earnings of $0.12 Per Share
www.americanbankingnews.com - April 19 at 9:07 AM |
| Earnings Estimates Moving Higher for Abraxas Petroleum (AXAS): Time to Buy?
finance.yahoo.com - April 17 at 9:17 AM |
| Abraxas Petroleum (AXAS) Stock Rating Upgraded by BidaskClub
www.americanbankingnews.com - April 13 at 11:05 AM |
| Abraxas Petroleum (AXAS) Raised to C- at TheStreet
www.americanbankingnews.com - April 11 at 12:42 AM |
| Abraxas Petroleum (AXAS) Presents At 24th Annual Oil & Gas Investment Symposium - Slideshow
seekingalpha.com - April 10 at 4:55 PM |
 | Form 8-K ABRAXAS PETROLEUM CORP For: Apr 09
www.streetinsider.com - April 9 at 4:49 PM |
| Research Analysts Offer Predictions for Abraxas Petroleum Co.'s FY2018 Earnings (AXAS)
www.americanbankingnews.com - April 5 at 9:03 AM |
| Insider Buying: Abraxas Petroleum Corp. (AXAS) CFO Acquires 7,570 Shares of Stock
www.americanbankingnews.com - April 4 at 11:38 PM |
| Abraxas Petroleum Corp. (AXAS) CEO Robert L. G. Watson Acquires 7,478 Shares
www.americanbankingnews.com - April 4 at 11:38 PM |
| Q1 2018 Earnings Estimate for Abraxas Petroleum Corp. Issued By Seaport Global Securities (AXAS)
www.americanbankingnews.com - April 4 at 6:28 AM |
| Brokerages Expect Abraxas Petroleum Corp. (AXAS) Will Announce Quarterly Sales of $38.85 Million
www.americanbankingnews.com - April 4 at 4:18 AM |
| Abraxas Announces Spring Borrowing Base Redetermination and Presentation at IPAA OGIS New York
finance.yahoo.com - April 2 at 9:27 AM |
| Abraxas Petroleum Corp. (AXAS) Expected to Post Earnings of $0.08 Per Share
www.americanbankingnews.com - April 2 at 7:28 AM |
| Abraxas Petroleum Corp. (AXAS) Given Consensus Rating of "Buy" by Analysts
www.americanbankingnews.com - April 1 at 5:34 AM |
| Abraxas Petroleum (AXAS) Downgraded by BidaskClub
www.americanbankingnews.com - March 26 at 3:13 PM |
| Abraxas Petroleum: Recent Well Results Impress
seekingalpha.com - March 22 at 9:13 AM |
| $38.85 Million in Sales Expected for Abraxas Petroleum Corp. (AXAS) This Quarter
www.americanbankingnews.com - March 18 at 9:40 AM |
| Edited Transcript of AXAS earnings conference call or presentation 14-Mar-18 3:00pm GMT
finance.yahoo.com - March 18 at 8:57 AM |
| $0.09 EPS Expected for Abraxas Petroleum Corp. (AXAS) This Quarter
www.americanbankingnews.com - March 16 at 5:16 AM |
| Abraxas Petroleum (AXAS) Price Target Increased to $3.70 by Analysts at Stifel Nicolaus
www.americanbankingnews.com - March 14 at 5:27 PM |
| Abraxas Petroleum -2% following in-line Q4 earnings
seekingalpha.com - March 14 at 10:55 AM |
| After-Hours Stock Movers 03/13: (RFIL) (CAL) (PETQ) Higher; (SILC) (CTT) (HTHT) Lower (more...)
www.streetinsider.com - March 14 at 9:43 AM |
| Abraxas Petroleum (AXAS) Announces Quarterly Earnings Results, Meets Estimates
www.americanbankingnews.com - March 13 at 11:26 PM |
| Abraxas Petroleum (AXAS) Earns "Buy" Rating from Canaccord Genuity
www.americanbankingnews.com - March 13 at 9:08 PM |
| New Research Coverage Highlights Gastar Exploration, CENTENNIAL RES, Advance Auto Parts, Celsion, Regions Financial, and Abraxas Petroleum — Consolidated Revenues, Company Growth, and Expectations for 2018
finance.yahoo.com - March 8 at 9:12 AM |
| Abraxas Petroleum Corp. (AXAS) Given Consensus Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - March 7 at 5:58 AM |
| Abraxas Petroleum Corp. (AXAS) Sees Large Growth in Short Interest
www.americanbankingnews.com - March 3 at 1:54 AM |
| Cortina Asset Management LLC Reduces Position in Abraxas Petroleum Corp. (AXAS)
www.americanbankingnews.com - March 2 at 12:47 PM |
| Abraxas Petroleum (AXAS) & Kosmos Energy (KOS) Head-To-Head Analysis
www.americanbankingnews.com - March 2 at 1:16 AM |
| EAM Investors LLC Takes $2.21 Million Position in Abraxas Petroleum Corp. (AXAS)
www.americanbankingnews.com - March 1 at 12:12 PM |
Abraxas Petroleum (NASDAQ:AXAS) SEC Filings
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Abraxas Petroleum (NASDAQ:AXAS) Income Statement, Balance Sheet and Cash Flow Statement
Abraxas Petroleum (NASDAQ AXAS) Stock Chart for Tuesday, May, 22, 2018
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