Sentiment for Abraxas Petroleum Corp (NASDAQ:AXAS)
Abraxas Petroleum Corp (NASDAQ:AXAS) institutional sentiment increased to 0.98 in 2019 Q3. Its up 0.03, from 0.95 in 2019Q2. The ratio is positive, as 41 active investment managers increased and opened new positions, while 42 reduced and sold stock positions in Abraxas Petroleum Corp. The active investment managers in our partner’s database now have: 71.77 million shares, down from 81.14 million shares in 2019Q2. Also, the number of active investment managers holding Abraxas Petroleum Corp in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 16 Reduced: 26 Increased: 30 New Position: 11.
Abraxas Petroleum Corporation, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of gas and oil properties in the United States. The company has market cap of $42.98 million. The firm operates gas and oil assets in the Permian/Delaware Basin, the Rocky Mountain, and South Texas regions. It has a 0.73 P/E ratio. As of December 31, 2016, its estimated net proved reserves were 44.7 million barrels of oil equivalent.
The stock increased 0.83% or $0.0021 during the last trading session, reaching $0.2552. About 327,978 shares traded. Abraxas Petroleum Corporation (NASDAQ:AXAS) has declined 84.03% since December 10, 2018 and is downtrending. It has underperformed by 84.03% the S&P500.
Analysts await Abraxas Petroleum Corporation (NASDAQ:AXAS) to report earnings on March, 11. They expect $0.04 EPS, up 100.00 % or $0.02 from last year’s $0.02 per share. AXAS’s profit will be $6.74 million for 1.60 P/E if the $0.04 EPS becomes a reality. After $0.02 actual EPS reported by Abraxas Petroleum Corporation for the previous quarter, Wall Street now forecasts 100.00 % EPS growth.
Mangrove Partners holds 0.55% of its portfolio in Abraxas Petroleum Corporation for 8.87 million shares. Portolan Capital Management Llc owns 5.63 million shares or 0.32% of their US portfolio. Moreover, Blb&B Advisors Llc has 0.08% invested in the company for 1.37 million shares. The Wisconsin-based Heartland Advisors Inc has invested 0.08% in the stock. Walthausen & Co. Llc, a New York-based fund reported 905,510 shares.
Abraxas Petroleum Corporation (NASDAQ:AXAS) Ratings Coverage
Ratings analysis reveals 50% of Abraxas Petroleum’s analysts are positive. Out of 2 Wall Street analysts rating Abraxas Petroleum, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $100 while the high is $2.5000. The stock’s average target of $1.75 is 585.74% above today’s ($0.2552) share price. AXAS was included in 4 notes of analysts from August 14, 2019. The rating was downgraded by Canaccord Genuity to “Speculative Buy” on Wednesday, August 14. On Monday, August 26 the stock rating was downgraded by Ladenburg Thalmann to “Neutral”.
More notable recent Abraxas Petroleum Corporation (NASDAQ:AXAS) news were published by: Finance.Yahoo.com which released: “Abraxas Petroleum Corporation (NASDAQ:AXAS) Earns Among The Best Returns In Its Industry – Yahoo Finance” on July 19, 2019, also Seekingalpha.com with their article: “Abraxas Petroleum EPS misses by $0.01, misses on revenue – Seeking Alpha” published on November 13, 2019, Businesswire.com published: “Abraxas Announces Debt Refinancing and New Borrowing Base, Ample Liquidity and Enhanced Balance Sheet Stability – Business Wire” on November 13, 2019. More interesting news about Abraxas Petroleum Corporation (NASDAQ:AXAS) were released by: Seekingalpha.com and their article: “Abraxas Petroleum: Relieves Some Credit Facility Pressure – Seeking Alpha” published on November 16, 2019 as well as Nasdaq.com‘s news article titled: “Abraxas Petroleum (AXAS) Misses Q3 Earnings and Revenue Estimates – Nasdaq” with publication date: November 13, 2019.
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