Analysts See $0.06 EPS for Abraxas Petroleum Corporation (AXAS)

July 14, 2018 - By Jimmy Baldridge

Investors sentiment decreased to 0.86 in Q1 2018. Its down 0.39, from 1.25 in 2017Q4. It turned negative, as 16 investors sold Abraxas Petroleum Corporation shares while 49 reduced holdings. 18 funds opened positions while 38 raised stakes. 83.38 million shares or 2.45% more from 81.39 million shares in 2017Q4 were reported.
Two Sigma Secs Limited invested 0% in Abraxas Petroleum Corporation (NASDAQ:AXAS). Manufacturers Life The owns 120,417 shares. Ajo Limited Partnership stated it has 138,853 shares. Zeke Cap Advsrs Limited Company reported 0% stake. Moreover, United Service Automobile Association has 0% invested in Abraxas Petroleum Corporation (NASDAQ:AXAS). California Public Employees Retirement Systems, a California-based fund reported 1.07M shares. New York State Common Retirement Fund owns 126,600 shares for 0% of their portfolio. 1.14 million are owned by Cadence Cap Limited Company. Thrivent Fincl For Lutherans holds 0% in Abraxas Petroleum Corporation (NASDAQ:AXAS) or 648,178 shares. Proshare Ltd Liability has 19,610 shares. Commercial Bank Of Montreal Can holds 418,257 shares. Brave Asset has invested 0.01% in Abraxas Petroleum Corporation (NASDAQ:AXAS). Fmr Limited Liability Corp accumulated 428,900 shares. Cornerstone Inv Ltd has invested 0% in Abraxas Petroleum Corporation (NASDAQ:AXAS). Assetmark Incorporated reported 0% stake.

Since April 4, 2018, it had 7 insider buys, and 0 insider sales for $94,183 activity. The insider WALLACE WILLIAM H bought $16,003. $15,728 worth of Abraxas Petroleum Corporation (NASDAQ:AXAS) was bought by WENDEL STEPHEN T on Wednesday, April 4. $16,452 worth of Abraxas Petroleum Corporation (NASDAQ:AXAS) shares were bought by WATSON ROBERT L G. The insider Bommer Peter A. bought 4,302 shares worth $9,464. 7,570 Abraxas Petroleum Corporation (NASDAQ:AXAS) shares with value of $16,654 were bought by King Geoffrey R.. Schwartz Dirk A bought $9,478 worth of stock or 4,308 shares.

Analysts expect Abraxas Petroleum Corporation (NASDAQ:AXAS) to report $0.06 EPS on August, 14.They anticipate $0.05 EPS change or 500.00 % from last quarter’s $0.01 EPS. AXAS’s profit would be $9.91M giving it 12.04 P/E if the $0.06 EPS is correct. After having $0.09 EPS previously, Abraxas Petroleum Corporation’s analysts see -33.33 % EPS growth. It closed at $2.89 lastly. It is down 36.46% since July 14, 2017 and is uptrending. It has outperformed by 23.89% the S&P500.

Abraxas Petroleum Corporation (NASDAQ:AXAS) Ratings Coverage

Among 2 analysts covering Abraxas Petroleum Corp (NASDAQ:AXAS), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Abraxas Petroleum Corp has $4.8000 highest and $3.0 lowest target. $4.10’s average target is 41.87% above currents $2.89 stock price. Abraxas Petroleum Corp had 9 analyst reports since January 24, 2018 according to SRatingsIntel. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, May 9 report. The firm earned “Buy” rating on Wednesday, March 14 by Stifel Nicolaus. The firm has “Buy” rating by Stifel Nicolaus given on Monday, April 23. The rating was maintained by Canaccord Genuity on Tuesday, May 8 with “Buy”. The company was maintained on Tuesday, March 13 by Canaccord Genuity. The rating was maintained by Stifel Nicolaus on Wednesday, January 31 with “Buy”. Stifel Nicolaus maintained it with “Buy” rating and $3.1 target in Monday, January 29 report. Canaccord Genuity maintained it with “Buy” rating and $3.0 target in Wednesday, January 24 report. The rating was maintained by Canaccord Genuity on Sunday, February 4 with “Buy”.

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 $477.24 million. The firm operates gas and oil assets in the Permian/Delaware Basin, the Rocky Mountain, and South Texas regions. It has a 39.05 P/E ratio. As of December 31, 2016, its estimated net proved reserves were 44.7 million barrels of oil equivalent.

Abraxas Petroleum Corporation (NASDAQ:AXAS) Institutional Positions Chart

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