What's in Abraxas Petroleum Corporation (NASDAQ:AXAS) After Rise in Shorted Shares?

Lloyd Doyle
December 8, 2017

Abraxas Petroleum has a 12-month low of $1.45 and a 12-month high of $2.99. Terex Corp New now has $3.85B valuation.

Examining a stock's average volume in the short, medium and long term is useful to understand trading activity and investor sentiment. About 958,955 shares traded.

Petroleum Corporation (NASDAQ:AXAS) has risen 39.85% since December 6, 2016 and is uptrending. It has outperformed by 15.56% the S&P500. Geode Capital Lc stated it has 0% of its portfolio in Abraxas Petroleum Corporation (NASDAQ:AXAS). Abraxas Petroleum posted sales of $22.01 million during the same quarter last year, which indicates a positive year-over-year growth rate of 43.4%. The firm operates gas and oil assets in the Permian/Delaware Basin, the Rocky Mountain, and South Texas regions. Companies with a high P/E ratio are typically growth stocks. As of December 31, 2016, its estimated net proved reserves were 44.7 million barrels of oil equivalent. Abraxas Petroleum Corporation has a 1 year low of $1.45 and a 1 year high of $2.99. Zacks Investment Research cut shares of Abraxas Petroleum Corp. from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 20th. Experts say the higher the value, the better, as it means that the free cash flow is high, or the variability of free cash flow is low or both.

When it comes to the Analysis of a Stock, Price Target plays a vital role.

In order to put AXAS's recent price performance into context, we need to get a sense of how the stock moves in relation to the overall market.

Another recent and important Abraxas Petroleum Corporation (NASDAQ:AXAS) news was published by Bizjournals.com which published an article titled: "Abraxas Petroleum reports $770000 loss during third quarter" on November 08, 2017.

Shares of Abraxas Petro Corp (NASDAQ:AXAS) now have an Average Brokerage Recommendation of 1.33, number of Recs in ABR is 6 while industry rank of the company by ABR is out of 265. They expect $0.05 EPS, up 400.00% or $0.04 from last year's $0.01 per share. The current ratio for EDIT is 10.10 and that of AXAS is 0.50. The company had revenue of $24.70 million during the quarter, compared to analyst estimates of $25.38 million. Parametric Portfolio Associates LLC boosted its position in shares of Abraxas Petroleum by 652.7% in the 1st quarter. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 8,399,319 shares of the stock are valued at $18.48 million. Moreover, Thomson Horstmann & Bryant Inc has 0.41% invested in the company for 1.98 million shares. Beta value of the stock stands at 0.79. Argent Cap Management Ltd Liability Corp owns 1.38M shares for 0.09% of their portfolio. After the latest session, which saw the stock close at a price of $2.03, AXAS sits below its 52-week high. About 3,723 shares traded. Mariner Wealth Limited Liability Company has invested 0% in Abraxas Petroleum Corporation (NASDAQ:AXAS).

Brave Asset Inc reported 19,500 shares. During the same period previous year, the company posted ($0.02) earnings per share. TEX's profit will be $21.03 million for 45.81 P/E if the $0.25 EPS becomes a reality. Its up 17.83% from 1.53M shares, reported previously. The firm earned "In-Line" rating on Thursday, December 17 by Imperial Capital. Out of rating recommendations 4 have given the stock a Buy while 3 recommend the stock as Outperform. The company was upgraded on Friday, August 11 by Seaport Global. The firm has "Neutral" rating by UBS given on Friday, August 26. Canaccord Genuity maintained the stock with "Buy" rating in Wednesday, September 6 report. Morgan Stanley has "Equal-Weight" rating and $21 target. Looking at some alternate time periods, the 12 month price index is 1.03000, the 24 month is 1.49275, and the 36 month is 0.48931. It worsened, as 17 investors sold Abraxas Petroleum Corporation shares while 34 reduced holdings. 22 funds opened positions while 40 raised stakes.

Proshare Advisors Limited Liability accumulated 13,386 shares or 0% of the stock. The returns on assets of firm also on noticeable level, it has ROA of 8.10%, which signifies how profitable a firm is relative to its total assets. 199,412 were reported by Amer Gru Incorporated. Ameriprise Fincl, a Minnesota-based fund reported 20,107 shares. The stock of Abraxas Petroleum Corporation (NASDAQ:AXAS) has "Buy" rating given on Monday, October 23 by Canaccord Genuity. Those institutional holdings amount to $0.17 billion.

A number of institutional investors have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund has invested 0.02% in Terex Corporation (NYSE:TEX).

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