Abraxas Petroleum Corp. (NASDAQ:AXAS) has received a consensus recommendation of “Hold” from the eight analysts that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $3.83.

A number of equities analysts have weighed in on AXAS shares. Stifel Nicolaus set a $5.00 price objective on Abraxas Petroleum and gave the stock a “buy” rating in a research note on Thursday, July 19th. BidaskClub lowered Abraxas Petroleum from a “hold” rating to a “sell” rating in a research note on Saturday, August 4th. Seaport Global Securities reissued a “buy” rating on shares of Abraxas Petroleum in a research note on Friday, July 20th. ValuEngine lowered Abraxas Petroleum from a “hold” rating to a “sell” rating in a research note on Monday, July 30th. Finally, TheStreet lowered Abraxas Petroleum from a “c” rating to a “d+” rating in a research note on Wednesday, August 8th.

Large investors have recently bought and sold shares of the business. Metropolitan Life Insurance Co. NY purchased a new stake in Abraxas Petroleum in the fourth quarter valued at $110,000. Zebra Capital Management LLC purchased a new stake in Abraxas Petroleum in the second quarter valued at $130,000. Salem Investment Counselors Inc. purchased a new stake in Abraxas Petroleum in the second quarter valued at $154,000. Sowell Financial Services LLC purchased a new stake in Abraxas Petroleum in the first quarter valued at $156,000. Finally, Cubist Systematic Strategies LLC raised its position in Abraxas Petroleum by 301.5% in the second quarter. Cubist Systematic Strategies LLC now owns 56,052 shares of the energy company’s stock valued at $162,000 after purchasing an additional 42,090 shares during the period. Institutional investors own 59.73% of the company’s stock.

NASDAQ AXAS opened at $2.25 on Wednesday. The firm has a market cap of $361.77 million, a price-to-earnings ratio of 18.75 and a beta of 1.08. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 1.07. Abraxas Petroleum has a fifty-two week low of $1.59 and a fifty-two week high of $3.27.

Abraxas Petroleum (NASDAQ:AXAS) last released its quarterly earnings data on Tuesday, August 7th. The energy company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.03). The company had revenue of $30.92 million for the quarter, compared to analyst estimates of $31.93 million. Abraxas Petroleum had a positive return on equity of 28.33% and a negative net margin of 3.70%. equities analysts anticipate that Abraxas Petroleum will post 0.28 EPS for the current year.

Abraxas Petroleum Company Profile

Abraxas Petroleum Corporation, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of oil and gas properties in the United States. The company operates oil and gas assets in the Permian/Delaware Basin, the Rocky Mountain, and South Texas regions.

See Also: Price to Earnings Ratio (PE)

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