Somewhat Positive Press Coverage Somewhat Unlikely to Impact Abraxas Petroleum Corporation (AXAS) Stock Price
Media headlines about Abraxas Petroleum Corporation (NASDAQ:AXAS) have trended somewhat positive on Saturday, Accern reports. The research firm ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Abraxas Petroleum Corporation earned a news impact score of 0.11 on Accern’s scale. Accern also assigned news articles about the energy company an impact score of 45.707032992989 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Abraxas Petroleum: A Safer Explorer/Producer (seekingalpha.com)
- Technical Indicators under Review: Abraxas Petroleum Corporation (NASDAQ:AXAS) – The Investor Guide (wallstreetnews24.com)
- Abraxas Petroleum: Achieving Consistently Solid Well Results – Seeking Alpha (seekingalpha.com)
- Review of Price Trends: Abraxas Petroleum Corporation (AXAS … – Wall Street Morning (wallstreetmorning.com)
AXAS has been the topic of several research analyst reports. Canaccord Genuity restated a “buy” rating on shares of Abraxas Petroleum Corporation in a research report on Friday, September 8th. Stifel Nicolaus restated a “buy” rating and issued a $2.20 price objective on shares of Abraxas Petroleum Corporation in a research report on Sunday, September 3rd. Seaport Global Securities cut shares of Abraxas Petroleum Corporation from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $3.25 to $2.00 in a research report on Wednesday, June 21st. Zacks Investment Research cut shares of Abraxas Petroleum Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, BidaskClub cut shares of Abraxas Petroleum Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $2.58.
Shares of Abraxas Petroleum Corporation (NASDAQ:AXAS) traded down 4.57% during mid-day trading on Friday, reaching $1.88. The company’s stock had a trading volume of 2,087,470 shares. The company’s 50-day moving average price is $1.69 and its 200-day moving average price is $1.80. The stock has a market capitalization of $305.23 million, a P/E ratio of 22.38 and a beta of 1.48. Abraxas Petroleum Corporation has a 12-month low of $1.45 and a 12-month high of $2.99.
Abraxas Petroleum Corporation (NASDAQ:AXAS) last released its quarterly earnings data on Tuesday, August 8th. The energy company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 firm had revenue of $13.15 million during the quarter, compared to the consensus estimate of $16.70 million. On average, equities research analysts forecast that Abraxas Petroleum Corporation will post $0.14 earnings per share for the current fiscal year.
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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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