Impact of Brokerage Rating on Abraxas Petroleum Corporation(AXAS)

Many Abraxas Petroleum Corporation(AXAS) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Upgraded by Stifel on Jan 20, 2017 to Buy, Raises Price Target to $ 3.50 from a previous price target of $3 .

Company has reported several Insider transactions to the SEC, on Jun 2, 2016, Edward Russell (director) purchased 4,000 shares at 1.08 per share price.On Mar 28, 2016, Peter A. Bommer (VP – Engineering) purchased 8,138 shares at 1.14 per share price.On Aug 25, 2015, George William Jr Krog (Chief Accounting Officer) purchased 10,000 shares at 1.56 per share price.

Abraxas Petroleum Corp. Last issued its quarterly earnings results on Aug 9, 2016. The company reported $-0.05 EPS for the quarter, missing the analyst consensus estimate by $ -0.05. Analyst had a consensus of $0.00. The company had revenue of $11.00 million for the quarter, compared to analysts expectations of $12.26 million. The companys revenue was down -41.9 % compared to the same quarter last year.

Abraxas Petroleum Corporation (NASDAQ:AXAS) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 1.5 by 4 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 1 Brokerage Firms have advised hold.

Abraxas Petroleum Corporation (NASDAQ:AXAS): The mean short term price target for Abraxas Petroleum Corporation (NASDAQ:AXAS) has been established at $3.06 per share. The higher price target estimate is at $4 and the lower price target estimate is expected at $2 according to 4 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $0.77

Abraxas Petroleum Corporation (NASDAQ:AXAS) rose 3.45% or 0.08 points on Tuesday and made its way into the gainers of the day. After trading began at $2.33 the stock was seen hitting $2.41 as a peak level and $2.3 as the lowest level. The stock ended up at $2.4. The daily volume was measured at 1,701,659 shares. The 52-week high of the share price is $2.99 and the 52-week low is $0.805. The company has a market cap of $393 million.

Abraxas Petroleum Corporation is an independent energy company engaged primarily in the acquisition, exploration, exploitation and production of crude oil and natural gas. They seek to complement their acquisition and development activities by selectively participating in exploration projects with experienced industry partners.


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