Abraxas Petroleum Corp. (AXAS) : Inspirion Wealth Advisors scooped up 2,000 additional shares in Abraxas Petroleum Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 36,520 shares of Abraxas Petroleum Corp. which is valued at $44,920.Abraxas Petroleum Corp. makes up approximately 0.03% of Inspirion Wealth Advisors’s portfolio.
Other Hedge Funds, Including , California State Teachers Retirement System boosted its stake in AXAS in the latest quarter, The investment management firm added 60,026 additional shares and now holds a total of 258,968 shares of Abraxas Petroleum Corp. which is valued at $318,531.Sigma Planning Corp boosted its stake in AXAS in the latest quarter, The investment management firm added 16,400 additional shares and now holds a total of 326,400 shares of Abraxas Petroleum Corp. which is valued at $421,056. Abraxas Petroleum Corp. makes up approx 0.05% of Sigma Planning Corp’s portfolio.Dalton Greiner Hartman Maher Co reduced its stake in AXAS by selling 1,165,584 shares or 75.08% in the most recent quarter. The Hedge Fund company now holds 386,874 shares of AXAS which is valued at $452,643. Abraxas Petroleum Corp. makes up approx 0.03% of Dalton Greiner Hartman Maher Co’s portfolio.
Abraxas Petroleum Corp. opened for trading at $1.31 and hit $1.34 on the upside on Monday, eventually ending the session at $1.3, with a gain of 0.78% or 0.01 points. The heightened volatility saw the trading volume jump to 8,26,980 shares. Company has a market cap of $138 M.
On the company’s financial health, Abraxas Petroleum Corp. reported $-0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Mar 15, 2016. Analyst had a consensus of $-0.03. The company had revenue of $13.30 million for the quarter, compared to analysts expectations of $17.85 million. The company’s revenue was down -57.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.06 EPS.
Abraxas Petroleum Corporation is an independent energy company. The Company is primarily engaged in the acquisition exploration development and production of oil and gas. As of December 31 2014 the Company’s estimated net proved reserves were 42.4 million barrels of oil equivalent (MMBoe) of which 42% were classified as proved developed 78% were oil and natural gas liquids (NGL) and 92% of which (on a PV-10 basis) were operated by the Company. The Company’s daily net production for the year ended December 31 2014 was 5720 barrels of oil equivalent per day (Boepd) of which 77% was oil or liquids. The Company’s oil and gas assets are located in three operating regions the Rocky Mountain Permian Basin and onshore Gulf Coast.