Media headlines about Abraxas Petroleum Corporation (NASDAQ:AXAS) have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Abraxas Petroleum Corporation earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news headlines about the energy company an impact score of 45.7563096303063 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
AXAS has been the topic of a number of recent research reports. Seaport Global Securities raised shares of Abraxas Petroleum Corporation from a “neutral” rating to a “buy” rating and increased their target price for the company from $2.00 to $2.50 in a research report on Friday, August 11th. TheStreet raised shares of Abraxas Petroleum Corporation from a “d” rating to a “c-” rating in a research report on Tuesday, August 8th. Zacks Investment Research raised shares of Abraxas Petroleum Corporation from a “strong sell” rating to a “hold” rating in a research report on Friday, August 18th. BidaskClub cut shares of Abraxas Petroleum Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, Stifel Nicolaus set a $2.00 target price on shares of Abraxas Petroleum Corporation and gave the company a “buy” rating in a research report on Thursday, October 5th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $2.31.
Abraxas Petroleum Corporation (NASDAQ:AXAS) traded up 4.71% on Friday, hitting $2.00. 1,122,637 shares of the company’s stock were exchanged. The company has a market cap of $324.71 million, a PE ratio of 23.81 and a beta of 1.46. Abraxas Petroleum Corporation has a 12-month low of $1.45 and a 12-month high of $2.99. The company’s 50-day moving average price is $1.86 and its 200-day moving average price is $1.80.
Abraxas Petroleum Corporation (NASDAQ:AXAS) last released its quarterly earnings results on Tuesday, August 8th. The energy company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Abraxas Petroleum Corporation had a return on equity of 7.68% and a net margin of 18.14%. The company had revenue of $13.15 million for the quarter, compared to analyst estimates of $16.70 million. Analysts forecast that Abraxas Petroleum Corporation will post $0.13 earnings per share for the current year.
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About Abraxas Petroleum Corporation
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.
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