Economy

Abraxas Petroleum Corporation (AXAS) Scheduled to Post Earnings on Tuesday

Abraxas Petroleum Corporation (AXAS) Scheduled to Post Earnings on Tuesday”

State Street Corp grew its position in Abraxas Petroleum Corporation by 12.1% in the second quarter.

As the earnings date approaches, we can see that insider ownership is now 0.60% shares, and institutional ownership is at 44.00% for Abraxas Petroleum Corporation (NASDAQ:AXAS) stock. AXAS's profit would be $6.55 million giving it 13.94 P/E if the $0.04 EPS is correct. Analysts expect Abraxas Petroleum Corporation to post earnings of $0.04 per share for the quarter. The stock increased 2.29% or $0.05 on November 3, reaching $2.23. 1,429,758 shares of the company's stock were exchanged, compared to its average volume of 1,071,843.

Abraxas Petroleum Corporation most recently reported earnings per share (EPS) of $0.01 for the June 2017 versus -$0.05 in the same quarter previous year, representing -120% growth. It has outperformed by 23.15% the S&P500. The stock increased 24.28% or $0.0034 on November 3, reaching $0.0173. About 3.15M shares traded or 23.05% up from the average. Methanex Corporation (USA) (NASDAQ:MEOH) has risen 45.59% since November 6, 2016 and is uptrending.

Bruni J V & Co Co holds 4.97% of its portfolio in Discover Financial Services for 419,562 shares. At present, 0 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data. The Japan-based Mu Investments Co. Amalgamated Fincl Bank, New York-based fund reported 20,532 shares. Recently, analysts have updated the overall rating to 1.6. The stock's average target of $3.25 is 48.40% above today's ($2.19) share price. On Friday, September 11 the stock rating was maintained by Imperial Capital with "In-Line".

Shares of Abraxas Petroleum Corporation (NASDAQ:AXAS) have been given a consensus rating of "Buy" by the six analysts that are presently covering the stock, Marketbeat Ratings reports. Therefore 58% are positive. Seaport Global upgraded Abraxas Petroleum Corp.

Want to see what other hedge funds are holding AXAS? (NASDAQ:AXAS) has "Buy" rating given on Friday, October 21 by Rodman & Renshaw. On Wednesday, June 21 the stock rating was downgraded by Seaport Global to "Neutral". The stock has "Buy" rating by Canaccord Genuity on Wednesday, September 6. (NASDAQ:AXAS) has "Buy" rating given on Thursday, July 13 by Stifel Nicolaus. Stifel Nicolaus maintained Abraxas Petroleum Corp.

Analysts await Abraxas Petroleum Corp. (NASDAQ:AXAS) on Thursday, October 5 with "Buy" rating. Abraxas Petroleum Corporation had a net margin of 18.14% and a return on equity of 7.68%. The company has market cap of $517,670. The Company is engaged in the acquisition, exploration, development and production of oil and gas. It has a 32.61 P/E ratio. The company had revenue of $13.15 million during the quarter, compared to the consensus estimate of $16.70 million.

Investors sentiment decreased to 1.22 in 2017 Q2. At present, 0 analysts call it Sell, while 1 think it is Hold. 22 funds opened positions while 40 raised stakes. Brave Asset Inc has invested 0.02% in Abraxas Petroleum Corp. Stifel Nicolaus restated a "buy" rating and issued a $2.40 target price on shares of Abraxas Petroleum Corporation in a report on Friday, July 14th. (NASDAQ:AXAS) or 66,700 shares. Vantage Invest Advisors Ltd Liability Corp has 0% invested in Abraxas Petroleum Corp. (NASDAQ:AXAS) or 14,500 shares. Creative Planning reported 0% in Abraxas Petroleum Corp. Thomson Horstmann & Bryant Inc sold 308,880 shares as Abraxas Petrol (AXAS)'s stock declined 19.48%. Tudor Investment Corp ET AL lifted its position in Abraxas Petroleum Corporation by 92.2% during the 1st quarter.

Several research firms have recently issued reports on AXAS. Goldman Sachs reported 0% stake. Rhumbline Advisers accumulated 0% or 162,768 shares. Moreover, Cambridge Invest Advsr has 0% invested in Abraxas Petroleum Corp. (NASDAQ:AXAS) on Friday, August 11 to "Buy" rating. California Employees Retirement Systems has invested 0% in Abraxas Petroleum Corp. (NASDAQ:AXAS). Tradewinds Cap Mgmt Ltd Liability holds 110 shares.

Ratings analysis reveals 100% of Abraxas Petroleum's analysts are positive. (NASDAQ:AXAS). 2.11M are held by Northern.



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