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
Stock Exchange NASDAQ
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
Current SymbolNASDAQ:AXAS
Previous Symbol
CUSIP00383010
Phone210-490-4788
Debt
Debt-to-Equity Ratio1.35
Current Ratio0.49
Quick Ratio0.39
Price-To-Earnings
Trailing P/E Ratio14.58
Forward P/E Ratio7.00
P/E GrowthN/A
Sales & Book Value
Annual Sales$86.26 million
Price / Sales3.38
Cash Flow$0.2946 per share
Price / Cash5.94
Book Value$0.66 per share
Price / Book2.65
Profitability
EPS (Most Recent Fiscal Year)$0.12
Net Income$16 million
Net Margins-1.48%
Return on Equity30.57%
Return on Assets10.57%
Miscellaneous
Employees112
Outstanding Shares166,600,000
Market Cap$280.08 million
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) issued its quarterly earnings results on Wednesday, November, 7th. The energy company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.01. The energy company had revenue of $41.63 million for the quarter, compared to the consensus estimate of $33.37 million. Abraxas Petroleum had a positive return on equity of 30.57% and a negative net margin of 1.48%. 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 stock. Their predictions range from $3.00 to $5.00. On average, they anticipate Abraxas Petroleum's share price to reach $3.8333 in the next year. This suggests a possible upside of 119.0% from the stock's current price. View Analyst Price Targets for Abraxas Petroleum.
What is the consensus analysts' recommendation for Abraxas Petroleum?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Abraxas Petroleum in the last year. There are currently 4 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. " (11/12/2018)
- 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?
Press coverage about AXAS stock has been trending somewhat negative on Thursday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring 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 closest to five being the most favorable. Abraxas Petroleum earned a coverage optimism score of -1.4 on InfoTrie's scale. They also gave headlines about the energy company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the next several days.
Who are some of Abraxas Petroleum's key competitors?
Some companies that are related to Abraxas Petroleum include Enbridge Energy Management (EEQ), Berry Petroleum (BRY), GeoPark (GPRK), Penn Virginia (PVAC), W&T Offshore (WTI), HighPoint Resources (HPR), GENEL ENERGY PL/ADR (GEGYY), Resolute Energy (REN), Chaparral Energy (CHAP), NOSTRUM OIL & G/ADR (NSTRY), Dorchester Minerals (DMLP), Hess Midstream Partners (HESM), Bonanza Creek Energy (BCEI), Halcon Resources (HK) and Freedom (FRHC).
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. Stephen T. Wendel, VP of Contracts & Marketing and Corp. Sec. (Age 68)
- Mr. Peter A. Bommer, VP of Engineering (Age 61)
- Mr. Kenneth Wayne Johnson, VP of Operations
- Mr. George William Krog Jr., VP & Chief Accounting Officer (Age 64)
Who are Abraxas Petroleum's major shareholders?
Abraxas Petroleum's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.07%), Dimensional Fund Advisors LP (3.18%), Heartland Advisors Inc. (1.45%), Foundry Partners LLC (1.32%), AQR Capital Management LLC (1.23%) and Allianz Asset Management GmbH (0.98%). Company insiders that own Abraxas Petroleum stock include Geoffrey R King, Peter A Bommer and Robert L G Watson. 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 Acadian Asset Management LLC, Cadence Capital Management LLC, Thrivent Financial for Lutherans, AQR Capital Management LLC, Wells Fargo & Company MN, ClariVest Asset Management LLC, Connor Clark & Lunn Investment Management Ltd. and FMR 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 Dimensional Fund Advisors LP, LSV Asset Management, Walthausen & Co. LLC, Allianz Asset Management GmbH, Assenagon Asset Management S.A., Salem Investment Counselors Inc., First Trust Advisors LP and Hodges Capital Management Inc.. 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 $1.75.
How big of a company is Abraxas Petroleum?
Abraxas Petroleum has a market capitalization of $280.08 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.
What is Abraxas Petroleum's official website?
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)
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.
