Abraxas Petroleum (NASDAQ:AXAS) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, March 13th. Analysts expect the company to announce earnings of $0.06 per share for the quarter.
Abraxas Petroleum (NASDAQ AXAS) opened at $2.31 on Monday. Abraxas Petroleum has a twelve month low of $1.45 and a twelve month high of $2.74. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $383.21, a price-to-earnings ratio of 25.67 and a beta of 1.44.
AXAS has been the topic of a number of research reports. BidaskClub lowered Abraxas Petroleum from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 30th. Zacks Investment Research lowered Abraxas Petroleum from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Stifel Nicolaus increased their price objective on Abraxas Petroleum from $3.10 to $3.30 and gave the company a “buy” rating in a report on Tuesday, January 30th. Canaccord Genuity reaffirmed a “buy” rating and set a $3.00 target price on shares of Abraxas Petroleum in a report on Wednesday, January 24th. Finally, Robert W. Baird raised Abraxas Petroleum from a “neutral” rating to an “outperform” rating and set a $3.00 target price on the stock in a report on Tuesday, December 19th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Abraxas Petroleum currently has a consensus rating of “Buy” and a consensus price target of $2.81.
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Abraxas Petroleum Corporation is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and gas. As of December 31, 2016, the Company’s estimated net proved reserves were 44.7 million barrels of oil equivalent (MMBoe), of which 33.6% were classified as proved developed, 74% were oil and natural gas liquids (NGL), and 95% of which (on a PV-10 basis) were operated by the Company.
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