Abraxas Petroleum (NASDAQ:AXAS) Receives Coverage Optimism Rating of 0.23

Headlines about Abraxas Petroleum (NASDAQ:AXAS) have been trending somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Abraxas Petroleum earned a news sentiment score of 0.23 on Accern’s scale. Accern also gave headlines about the energy company an impact score of 47.4248007988504 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the news stories that may have impacted Accern Sentiment’s rankings:

AXAS has been the subject of several analyst reports. BidaskClub downgraded Abraxas Petroleum from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 30th. Zacks Investment Research downgraded Abraxas Petroleum from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Stifel Nicolaus increased their price target on Abraxas Petroleum from $3.10 to $3.30 and gave the company a “buy” rating in a report on Tuesday, January 30th. Canaccord Genuity reissued a “buy” rating and issued a $3.00 price objective on shares of Abraxas Petroleum in a research report on Wednesday, January 24th. Finally, Robert W. Baird raised shares of Abraxas Petroleum from a “neutral” rating to an “outperform” rating and set a $3.00 price objective for the company in a research report on Tuesday, December 19th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Abraxas Petroleum currently has a consensus rating of “Buy” and a consensus price target of $2.81.

Shares of Abraxas Petroleum (NASDAQ:AXAS) traded up $0.01 during midday trading on Wednesday, reaching $2.14. 1,133,948 shares of the company’s stock were exchanged, compared to its average volume of 1,280,000. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.61. Abraxas Petroleum has a 1 year low of $1.45 and a 1 year high of $2.74. The company has a market capitalization of $355.00, a PE ratio of 23.78 and a beta of 1.39.

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Abraxas Petroleum 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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