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

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$1.05 +0.01 (+0.96 %)
(As of 05/27/2019 04:12 AM ET)
Previous Close$1.05
Today's Range$1.02 - $1.07
52-Week Range$0.90 - $3.23
Volume2.06 million shs
Average Volume1.05 million shs
Market Capitalization$176.79 million
P/E Ratio5.83
Dividend YieldN/A
Beta1.56
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, 2018, its estimated net proved reserves were 67.2 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$0.4054 per share
Book Value$0.84 per share

Profitability

Net Income$57.82 million

Miscellaneous

Employees100
Market Cap$176.79 million
Next Earnings Date8/6/2019 (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) posted its earnings results on Monday, May, 6th. The energy company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by $0.01. The energy company earned $34.51 million during the quarter, compared to analyst estimates of $31.65 million. Abraxas Petroleum had a net margin of 15.09% and a return on equity of 14.05%. 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, August 6th 2019. View Earnings Estimates for Abraxas Petroleum.

What price target have analysts set for AXAS?

3 equities research analysts have issued 1 year price objectives for Abraxas Petroleum's stock. Their predictions range from $3.00 to $5.00. On average, they expect Abraxas Petroleum's stock price to reach $3.8333 in the next year. This suggests a possible upside of 265.1% 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. " (4/2/2019)
  • 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?

News coverage about AXAS stock has trended very positive this week, InfoTrie Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Abraxas Petroleum earned a news impact score of 3.1 on InfoTrie's scale. They also gave news coverage about the energy company a news buzz of 10.0 out of 10, meaning that recent media 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?

What other stocks do shareholders of Abraxas Petroleum own?

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. Steven P. Harris, VP & CFO (Age 45)
  • Mr. Kenneth Wayne Johnson, VP of Operations (Age 61)
  • Mr. Stephen T. Wendel, VP of Contracts & Marketing and Corp. Sec. (Age 69)
  • Mr. George William Krog Jr., VP & Chief Accounting Officer (Age 65)

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. (6.88%), Dimensional Fund Advisors LP (3.23%), Formula Growth Ltd. (2.39%), JPMorgan Chase & Co. (1.68%), Wasatch Advisors Inc. (1.52%) and Northern Trust Corp (1.38%). 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 Renaissance Technologies LLC, JPMorgan Chase & Co., Marshall Wace LLP, Charles Schwab Investment Management Inc., BlackRock Inc., Morgan Stanley, Wellington Management Group LLP and Dimensional Fund Advisors LP. View Insider Buying and Selling for Abraxas Petroleum.

Which institutional investors are buying Abraxas Petroleum stock?

AXAS stock was bought by a variety of institutional investors in the last quarter, including Wasatch Advisors Inc., AQR Capital Management LLC, Walthausen & Co. LLC, RPg Family Wealth Advisory LLC, CWM LLC, Formula Growth Ltd., Geode Capital Management LLC and Monarch Partners Asset Management LLC. 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 $1.05.

How big of a company is Abraxas Petroleum?

Abraxas Petroleum has a market capitalization of $176.79 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.

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:  2.6 out of 5 (star star)
Outperform Votes:  349 (Vote Outperform)
Underperform Votes:  312 (Vote Underperform)
Total Votes:  661
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 5/27/2019 by MarketBeat.com Staff

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