Abraxas Petroleum Corp (NASDAQ:AXAS) Institutional Investors Sentiment Drops in Q4 2017

May 17, 2018 - By Margaret Downey

Sentiment for Abraxas Petroleum Corp (NASDAQ:AXAS)

Abraxas Petroleum Corp (NASDAQ:AXAS) institutional sentiment decreased to 1.25 in 2017 Q4. Its down -0.45, from 1.7 in 2017Q3. The ratio has worsened, as 69 investment professionals increased and opened new stock positions, while 55 decreased and sold their stock positions in Abraxas Petroleum Corp. The investment professionals in our partner’s database now possess: 81.39 million shares, up from 71.85 million shares in 2017Q3. Also, the number of investment professionals holding Abraxas Petroleum Corp in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 10 Reduced: 45 Increased: 34 New Position: 35.

Abraxas Petroleum Corporation, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of gas and oil properties in the United States. The company has market cap of $506.42 million. The firm operates gas and oil assets in the Permian/Delaware Basin, the Rocky Mountain, and South Texas regions. It has a 31.11 P/E ratio. As of December 31, 2016, its estimated net proved reserves were 44.7 million barrels of oil equivalent.

The stock increased 7.69% or $0.22 during the last trading session, reaching $3.08. About 5.82M shares traded or 380.11% up from the average. Abraxas Petroleum Corporation (NASDAQ:AXAS) has risen 11.92% since May 17, 2017 and is uptrending. It has outperformed by 0.37% the S&P500.

Analysts await Abraxas Petroleum Corporation (NASDAQ:AXAS) to report earnings on August, 14. They expect $0.09 EPS, up 800.00 % or $0.08 from last year’s $0.01 per share. AXAS’s profit will be $14.80 million for 8.56 P/E if the $0.09 EPS becomes a reality. After $0.09 actual EPS reported by Abraxas Petroleum Corporation for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Portolan Capital Management Llc holds 1.72% of its portfolio in Abraxas Petroleum Corporation for 6.38 million shares. Mangrove Partners owns 3.34 million shares or 1.11% of their US portfolio. Moreover, Old West Investment Management Llc has 0.78% invested in the company for 559,598 shares. The Pennsylvania-based Blb&B Advisors Llc has invested 0.6% in the stock. Lyon Street Capital Llc, a California-based fund reported 680,609 shares.

Since January 1, 0001, it had 7 insider buys, and 0 sales for $94,183 activity.

Abraxas Petroleum Corporation (NASDAQ:AXAS) Ratings Coverage

Ratings analysis reveals 100% of Abraxas Petroleum Corp’s analysts are positive. Out of 3 Wall Street analysts rating Abraxas Petroleum Corp, 3 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $3.0 while the high is $4.8000. The stock’s average target of $3.73 is 21.10% above today’s ($3.08) share price. AXAS was included in 11 notes of analysts from December 19, 2017. The rating was maintained by Stifel Nicolaus on Wednesday, May 9 with “Buy”. The stock of Abraxas Petroleum Corporation (NASDAQ:AXAS) earned “Buy” rating by Robert W. Baird on Tuesday, December 19. Canaccord Genuity maintained it with “Buy” rating and $3.5 target in Sunday, February 4 report. Canaccord Genuity maintained Abraxas Petroleum Corporation (NASDAQ:AXAS) on Monday, January 8 with “Buy” rating. Canaccord Genuity maintained the shares of AXAS in report on Wednesday, January 24 with “Buy” rating. The firm earned “Buy” rating on Tuesday, March 13 by Canaccord Genuity. The firm has “Buy” rating given on Monday, January 29 by Stifel Nicolaus. Stifel Nicolaus maintained it with “Buy” rating and $3.3 target in Wednesday, January 31 report. The firm has “Buy” rating given on Monday, April 23 by Stifel Nicolaus. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, March 14.

More important recent Abraxas Petroleum Corporation (NASDAQ:AXAS) news were published by: Seekingalpha.com which released: “US Shale: NAV Analysis Of Williston Basin (Bakken) E&Ps” on May 04, 2018, also Seekingalpha.com published article titled: “Abraxas Petroleum: Steady As She Goes”, Benzinga.com published: “4 Stocks That Appear To Have Just Started Downtrends” on May 07, 2018. More interesting news about Abraxas Petroleum Corporation (NASDAQ:AXAS) was released by: Globenewswire.com and their article: “Market Trends Toward New Normal in Viavi Solutions, Lattice Semiconductor, Abraxas Petroleum, American Outdoor …” with publication date: May 10, 2018.

Abraxas Petroleum Corporation (NASDAQ:AXAS) Institutional Positions Chart

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