Economy

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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