About Abraxas Petroleum (NASDAQ:AXAS)
Abraxas 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
Industry Oil & Gas Exploration and Production
Sub-IndustryOil & Gas Exploration & Production
Trailing P/E Ratio23.7777777777778
Forward P/E Ratio17.83
Sales & Book Value
Annual Sales$56.56 million
Price / Sales6.28
Cash Flow$0.10 per share
Price / Cash20.77
Book Value$0.12 per share
Price / Book17.83
Return on Equity17.00%
Return on Assets7.73%
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) posted its quarterly earnings data on Tuesday, November, 7th. The energy company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.01. The energy company had revenue of $24.70 million for the quarter, compared to analysts' expectations of $25.38 million. Abraxas Petroleum had a return on equity of 17.00% and a net margin of 18.83%. Abraxas Petroleum's revenue for the quarter was up 76.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.02) earnings per share. View Abraxas Petroleum's Earnings History.
When will Abraxas Petroleum make its next earnings announcement?
Where is Abraxas Petroleum's stock going? Where will Abraxas Petroleum's stock price be in 2018?
4 equities research analysts have issued 12 month target prices for Abraxas Petroleum's stock. Their predictions range from $2.50 to $3.30. On average, they anticipate Abraxas Petroleum's stock price to reach $2.95 in the next twelve months. 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)
Are investors shorting Abraxas Petroleum?
Abraxas Petroleum saw a decrease in short interest in the month of January. As of January 12th, there was short interest totalling 1,926,502 shares, a decrease of 24.1% from the December 29th total of 2,537,615 shares. Based on an average daily trading volume, of 1,374,386 shares, the short-interest ratio is presently 1.4 days. Approximately 1.2% of the shares of the company are short sold.
Who are some of Abraxas Petroleum's key competitors?
Some companies that are related to Abraxas Petroleum include Hurricane Energy (HUR), Earthstone Energy (ESTE), Baytex Energy (BTE), Premier Oil (PMO), Advantage Oil & Gas (AAV), W&T Offshore (WTI), Bill Barrett (BBG), Sound Energy (SOU), EP Energy (EPE), Eclipse Resources (ECR), San Juan Basin Royalty Trust (SJT), Ophir Energy (OPHR), Pengrowth Energy (PGH), Enquest (ENQ), Faroe Petroleum (FPM), SOCO International (SIA), Genel Energy (GENL) and Sanchez Energy (SN).
Who are Abraxas Petroleum's key executives?
Abraxas Petroleum's management team includes the folowing people:
- Robert Leon Glen Watson, Chairman of the Board, President, Chief Executive Officer (Age 64)
- Geoffrey R. King, Chief Financial Officer, Vice President (Age 34)
- George William Krog Jr., Chief Accounting Officer (Age 61)
- William H. Wallace, Vice President - Operations (Age 57)
- Stephen T. Wendel, Vice President - Land and Marketing, Corporate Secretary (Age 65)
- Peter A. Bommer, Vice President - Engineering (Age 58)
- Ralph F. Cox, Lead Independent Director (Age 81)
- Harold D. Carter, Independent Director (Age 76)
- W. Dean Karrash, Independent Director (Age 53)
- Jerry J. Langdon, Independent Director (Age 63)
Who owns Abraxas Petroleum stock?
Abraxas Petroleum's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.59%), Mangrove Partners (2.01%), Cortina Asset Management LLC (1.20%), BLB&B Advisors LLC (1.02%), Heartland Advisors Inc. (1.00%) and Foundry Partners LLC (0.90%). Company insiders that own Abraxas Petroleum stock include Edward Russell and Lee T Billingsley. View Institutional Ownership Trends for Abraxas Petroleum.
Who sold Abraxas Petroleum stock? Who is selling Abraxas Petroleum stock?
Abraxas Petroleum's stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Macquarie Group Ltd., BLB&B Advisors LLC, First Quadrant L P CA, Goldman Sachs Group Inc., Cortina Asset Management LLC, QS Investors LLC and Schwab Charles Investment Management Inc.. View Insider Buying and Selling for Abraxas Petroleum.
Who bought Abraxas Petroleum stock? Who is buying Abraxas Petroleum stock?
Abraxas Petroleum's stock was bought by a variety of institutional investors in the last quarter, including Mangrove Partners, Heartland Advisors Inc., Foundry Partners LLC, EAM Investors LLC, Two Sigma Investments LP, Thrivent Financial For Lutherans, Renaissance Technologies LLC and Wasatch Advisors Inc.. View Insider Buying and Selling for Abraxas Petroleum.
How do I buy Abraxas Petroleum stock?
Shares of Abraxas Petroleum 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 Abraxas Petroleum stock can currently be purchased for approximately $2.14.
How big of a company is Abraxas Petroleum?
Abraxas Petroleum has a market capitalization of $355 million and generates $56.56 million in revenue each year. The energy company earns $-96,370,000.00 in net income (profit) each year or $0.09 on an earnings per share basis. Abraxas Petroleum employs 109 workers across the globe.
How can I contact Abraxas Petroleum?
Abraxas Petroleum's mailing address is 18803 Meisner Dr, SAN ANTONIO, TX 78258-4240, United States. The energy company can be reached via phone at +1-210-4904788.
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 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.
Abraxas Petroleum (NASDAQ:AXAS) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|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)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
0 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$2.95||$2.50||$2.33||$2.68|
|Price Target Upside: ||23.43% upside||17.37% upside||19.66% upside||66.46% upside|
Abraxas Petroleum (NASDAQ:AXAS) Consensus Price Target History
Abraxas Petroleum (NASDAQ:AXAS) Analyst Ratings History
(Data available from 2/19/2016 forward)
Abraxas Petroleum (NASDAQ:AXAS) Earnings History and Estimates Chart
Abraxas Petroleum (NASDAQ AXAS) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/7/2017||Q3 2017||$0.05||$0.04||$25.38 million||$24.70 million||View||N/A|
|8/8/2017||Q2 2017||$0.02||$0.01||$16.70 million||$13.15 million||View||Listen|
|5/9/2017||Q1 2017||$0.02||$0.03||$19.87 million||$18.80 million||View||Listen|
|3/14/2017||Q4 2016||($0.01)||$0.01||$20.19 million||$22.00 million||View||Listen|
|11/8/2016||Q316||($0.03)||($0.02)||$15.16 million||$14.00 million||View||Listen|
|8/9/2016||Q216||$0.01||($0.05)||$18.94 million||$11.00 million||View||Listen|
|5/10/2016||Q116||($0.02)||($0.01)||$14.94 million||$9.56 million||View||Listen|
|3/15/2016||Q415||($0.03)||($0.02)||$19.10 million||$13.30 million||View||Listen|
|11/4/2015||Q315||($0.02)||($0.03)||$21.34 million||$17.80 million||View||Listen|
|8/6/2015||Q215||($0.01)||($0.06)||$21.51 million||$20.50 million||View||Listen|
|5/7/2015||Q115||($0.02)||($0.01)||$23.05 million||$22.30 million||View||Listen|
|3/4/2015||Q414||$0.05||$0.06||$36.25 million||$31.20 million||View||Listen|
|11/5/2014||Q314||$0.15||$0.15||$45.22 million||$44.20 million||View||Listen|
|8/6/2014||Q2||$0.10||$0.11||$30.97 million||$33.60 million||View||Listen|
|5/8/2014||Q1||$0.06||$0.07||$24.03 million||$25.90 million||View||Listen|
|3/12/2014||Q4||$0.04||($0.03)||$22.63 million||$22.55 million||View||Listen|
|11/6/2013||Q313||$0.05||$0.09||$25.60 million||$29.10 million||View||Listen|
|8/8/2013||Q2 2013||$0.02||$0.03||$22.51 million||$21.50 million||View||Listen|
|5/10/2013||Q1 2013||$0.03||$20.50 million||$21.20 million||View||N/A|
|3/15/2013||Q4 2012||($0.01)||($0.03)||$18.24 million||$19.10 million||View||Listen|
Abraxas Petroleum (NASDAQ:AXAS) Earnings Estimates
2018 EPS Consensus Estimate: $0.41
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Abraxas Petroleum (NASDAQ:AXAS)
No dividend announcements for this company have been tracked by MarketBeat.com
Abraxas Petroleum (NASDAQ AXAS) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 8.50%
Institutional Ownership Percentage: 47.76%
Abraxas Petroleum (NASDAQ AXAS) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|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|| |
Abraxas Petroleum (NASDAQ AXAS) News Headlines
|Abraxas Petroleum Corp. (AXAS) Expected to Announce Quarterly Sales of $29.70 Million|
www.americanbankingnews.com - February 12 at 4:52 AM
| Analysts Anticipate Abraxas Petroleum Corp. (AXAS) Will Announce Earnings of $0.04 Per Share|
www.americanbankingnews.com - February 10 at 1:20 PM
|Abraxas Petroleum (AXAS) Downgraded to Hold at BidaskClub|
www.americanbankingnews.com - February 10 at 12:12 PM
|Abraxas Petroleum Corp. (AXAS) Given Consensus Rating of "Buy" by Brokerages|
www.americanbankingnews.com - February 10 at 5:48 AM
|Q4 2017 EPS Estimates for Abraxas Petroleum Corp. (AXAS) Reduced by Seaport Global Securities|
www.americanbankingnews.com - February 7 at 8:54 AM
|Seaport Global Securities Weighs in on Abraxas Petroleum Corp.'s FY2017 Earnings (AXAS)|
www.americanbankingnews.com - February 6 at 8:24 AM
|Abraxas Provides Operational, Acquisition and Guidance Update|
finance.yahoo.com - January 31 at 9:52 AM
|Abraxas Petroleum (AXAS) Stock Rating Reaffirmed by Stifel Nicolaus|
www.americanbankingnews.com - January 30 at 8:52 AM
|Critical Survey: Nexen Energy (NXY) and Abraxas Petroleum (AXAS)|
www.americanbankingnews.com - January 29 at 11:14 PM
|Abraxas Petroleum Corporation (AXAS) Sees Large Decline in Short Interest|
www.americanbankingnews.com - January 29 at 1:20 AM
| Analysts Expect Abraxas Petroleum Corporation (AXAS) Will Post Quarterly Sales of $32.77 Million|
www.americanbankingnews.com - January 26 at 3:58 AM
|Abraxas Petroleum's (AXAS) Buy Rating Reiterated at Canaccord Genuity|
www.americanbankingnews.com - January 24 at 4:44 PM
|Zacks: Analysts Expect Abraxas Petroleum Corporation (AXAS) to Announce $0.06 EPS|
www.americanbankingnews.com - January 24 at 3:30 PM
|Pre-Market Technical Scan on Independent Oil & Gas Equities -- Gran Tierra Energy, Houston American Energy ... - PR Newswire (press release)|
www.prnewswire.com - January 18 at 5:50 AM
|Abraxas Provides Fourth Quarter and Year End 2017 Conference Call Information - Business Wire (press release)|
www.businesswire.com - January 16 at 5:43 AM
|Abraxas Petroleum Corporation (AXAS) Receives Consensus Rating of "Buy" from Analysts|
www.americanbankingnews.com - January 16 at 5:32 AM
|Abraxas Petroleum Corporation (AXAS) Sees Significant Increase in Short Interest|
www.americanbankingnews.com - January 12 at 2:38 AM
| Brokerages Expect Abraxas Petroleum Corporation (AXAS) Will Announce Quarterly Sales of $32.77 Million|
www.americanbankingnews.com - January 9 at 8:36 AM
|3 Bullish Stocks And 2 Bearish Stocks To Watch This Week - Benzinga|
www.benzinga.com - January 9 at 6:05 AM
|Abraxas Petroleum Corporation (AXAS) Expected to Post Earnings of $0.06 Per Share|
www.americanbankingnews.com - January 7 at 11:24 AM
|Abraxas Petroleum (AXAS) Lifted to "Strong-Buy" at BidaskClub|
www.americanbankingnews.com - January 6 at 12:30 PM
|ETFs with exposure to Abraxas Petroleum Corp. : January 2, 2018|
finance.yahoo.com - January 2 at 3:16 PM
|Abraxas Petroleum (AXAS) in Focus: Stock Moves 8.1% Higher - Nasdaq|
www.nasdaq.com - December 27 at 3:03 PM
|Abraxas Petroleum (AXAS) in Focus: Stock Moves 8.1% Higher|
finance.yahoo.com - December 27 at 9:45 AM
| Brokerages Anticipate Abraxas Petroleum Corporation (AXAS) Will Announce Quarterly Sales of $32.77 Million|
www.americanbankingnews.com - December 24 at 4:58 PM
|Abraxas Petroleum (AXAS) Upgraded at BidaskClub|
www.americanbankingnews.com - December 22 at 11:28 PM
|ETFs with exposure to Abraxas Petroleum Corp. : December 22, 2017|
finance.yahoo.com - December 22 at 3:20 PM
|Seaport Global Securities Weighs in on Abraxas Petroleum Corporation's Q1 2018 Earnings (AXAS)|
www.americanbankingnews.com - December 22 at 11:14 AM
|$0.06 EPS Expected for Abraxas Petroleum Corporation (AXAS) This Quarter|
www.americanbankingnews.com - December 22 at 3:04 AM
|Seaport Global Securities Equities Analysts Raise Earnings Estimates for Abraxas Petroleum Corporation (AXAS)|
www.americanbankingnews.com - December 21 at 11:06 AM
|Abraxas Petroleum (AXAS) Upgraded by Robert W. Baird to "Outperform"|
www.americanbankingnews.com - December 19 at 8:18 AM
|Form 8-K ABRAXAS PETROLEUM CORP For: Dec 11 - StreetInsider.com|
www.streetinsider.com - December 12 at 5:50 AM
|ETFs with exposure to Abraxas Petroleum Corp. : December 11, 2017|
finance.yahoo.com - December 11 at 3:16 PM
|Abraxas Petroleum Corporation (AXAS) Expected to Announce Quarterly Sales of $31.57 Million|
www.americanbankingnews.com - December 6 at 9:10 AM
|Zacks: Brokerages Anticipate Abraxas Petroleum Corporation (AXAS) to Post $0.07 EPS|
www.americanbankingnews.com - December 4 at 8:44 AM
|ETFs with exposure to Abraxas Petroleum Corp. : December 1, 2017|
finance.yahoo.com - December 1 at 3:17 PM
|Abraxas Petroleum Corp. :AXAS-US: Earnings Analysis: Q3, 2017 By the Numbers : November 30, 2017|
finance.yahoo.com - November 30 at 3:17 PM
|Abraxas Petroleum Corporation (AXAS) Given Consensus Recommendation of "Hold" by Brokerages|
www.americanbankingnews.com - November 27 at 5:56 AM
|$31.27 Million in Sales Expected for Abraxas Petroleum Corporation (AXAS) This Quarter|
www.americanbankingnews.com - November 17 at 3:06 AM
|Zacks: Analysts Expect Abraxas Petroleum Corporation (AXAS) Will Post Earnings of $0.05 Per Share|
www.americanbankingnews.com - November 15 at 7:26 PM
|Abraxas Petroleum Corporation (AXAS) Lowered to "Hold" at Zacks Investment Research|
www.americanbankingnews.com - November 15 at 5:06 PM
|ETFs with exposure to Abraxas Petroleum Corp. : November 14, 2017|
finance.yahoo.com - November 14 at 4:46 PM
|Abraxas Petroleum's (AXAS) CEO Bob Watson on Q3 2017 Results - Earnings Call Transcript|
seekingalpha.com - November 10 at 1:15 PM
|Edited Transcript of AXAS earnings conference call or presentation 9-Nov-17 4:00pm GMT|
finance.yahoo.com - November 10 at 1:15 PM
|Abraxas Petroleum Corporation to Host Earnings Call|
finance.yahoo.com - November 9 at 5:27 PM
|Delays in completing Permian Basin well cost Abraxas Petroleum - San Antonio Business Journal|
www.bizjournals.com - November 8 at 6:39 PM
|Delays in completing Permian Basin well cost Abraxas Petroleum|
finance.yahoo.com - November 8 at 6:39 PM
|Abraxas Announces Third Quarter 2017 Results - Business Wire (press release)|
www.businesswire.com - November 7 at 11:16 PM
|Abraxas Petroleum Corporation (AXAS) Posts Earnings Results, Meets Estimates|
www.americanbankingnews.com - November 7 at 7:46 PM
|Comstock (CRK) Earnings and Revenues Beat Estimates in Q3|
finance.yahoo.com - November 7 at 6:16 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 Monday, February, 19, 2018