Abraxas Petroleum Corporation (AXAS) Shares Sold by Fmr LLC

Fmr LLC trimmed its position in shares of Abraxas Petroleum Corporation (NASDAQ:AXAS) by 22.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 202,800 shares of the energy company’s stock after selling 60,400 shares during the quarter. Fmr LLC owned approximately 0.12% of Abraxas Petroleum Corporation worth $329,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Abraxas Petroleum Corporation by 15.3% during the second quarter. Vanguard Group Inc. now owns 8,322,387 shares of the energy company’s stock worth $13,483,000 after purchasing an additional 1,106,142 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Abraxas Petroleum Corporation by 8.2% in the second quarter. Northern Trust Corp now owns 2,114,272 shares of the energy company’s stock worth $3,425,000 after acquiring an additional 160,223 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Abraxas Petroleum Corporation by 784.5% in the second quarter. Citigroup Inc. now owns 95,544 shares of the energy company’s stock worth $155,000 after acquiring an additional 84,742 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Abraxas Petroleum Corporation by 15.6% in the second quarter. Van ECK Associates Corp now owns 1,497,700 shares of the energy company’s stock worth $2,426,000 after acquiring an additional 202,500 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its holdings in shares of Abraxas Petroleum Corporation by 0.9% in the second quarter. Mutual of America Capital Management LLC now owns 785,438 shares of the energy company’s stock worth $1,272,000 after acquiring an additional 6,650 shares during the last quarter. Institutional investors own 43.52% of the company’s stock.

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Abraxas Petroleum Corporation (NASDAQ AXAS) opened at $2.08 on Friday. The company has a market capitalization of $345.05, a price-to-earnings ratio of 23.11 and a beta of 1.44. Abraxas Petroleum Corporation has a 12 month low of $1.45 and a 12 month high of $2.99. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.47 and a quick ratio of 0.47.

Abraxas Petroleum Corporation (NASDAQ:AXAS) last released its earnings results on Tuesday, November 7th. The energy company reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.01). The business had revenue of $24.70 million during the quarter, compared to analyst estimates of $25.38 million. Abraxas Petroleum Corporation had a net margin of 18.83% and a return on equity of 19.02%. The business’s revenue for the quarter was up 76.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.02) earnings per share. equities analysts predict that Abraxas Petroleum Corporation will post 0.16 EPS for the current fiscal year.

A number of research firms have recently weighed in on AXAS. Zacks Investment Research raised Abraxas Petroleum Corporation from a “hold” rating to a “buy” rating and set a $2.25 price target for the company in a report on Wednesday, October 11th. Stifel Nicolaus set a $2.00 price target on Abraxas Petroleum Corporation and gave the stock a “buy” rating in a report on Thursday, October 5th. Canaccord Genuity reissued a “buy” rating on shares of Abraxas Petroleum Corporation in a report on Friday, September 8th. Seaport Global Securities raised Abraxas Petroleum Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $2.00 to $2.50 in a report on Friday, August 11th. Finally, TheStreet raised Abraxas Petroleum Corporation from a “d” rating to a “c-” rating in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. Abraxas Petroleum Corporation currently has an average rating of “Buy” and a consensus target price of $2.31.

Abraxas Petroleum Corporation Company Profile

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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Institutional Ownership by Quarter for Abraxas Petroleum Corporation (NASDAQ:AXAS)

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