Abraxas Petroleum (AXAS) Earning Somewhat Favorable News Coverage, Study Finds

News stories about Abraxas Petroleum (NASDAQ:AXAS) have trended somewhat positive recently, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Abraxas Petroleum earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned media coverage about the energy company an impact score of 47.1184942173342 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:

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NASDAQ AXAS opened at $2.28 on Friday. Abraxas Petroleum has a 12 month low of $1.45 and a 12 month high of $2.74. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.82. The company has a market cap of $378.26, a P/E ratio of 19.00 and a beta of 1.35.

Abraxas Petroleum (NASDAQ:AXAS) last posted its quarterly earnings results on Tuesday, March 13th. The energy company reported $0.04 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.04. The firm had revenue of $29.60 million for the quarter, compared to analyst estimates of $28.86 million. Abraxas Petroleum had a net margin of 18.56% and a return on equity of 19.32%. The firm’s quarterly revenue was up 34.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.01 earnings per share. sell-side analysts predict that Abraxas Petroleum will post 0.41 EPS for the current fiscal year.

A number of research analysts recently commented on the stock. BidaskClub upgraded shares of Abraxas Petroleum from a “hold” rating to a “buy” rating in a research note on Thursday, December 21st. Robert W. Baird upgraded shares of Abraxas Petroleum from a “neutral” rating to an “outperform” rating and set a $3.00 price objective on the stock in a research note on Tuesday, December 19th. Stifel Nicolaus reiterated a “buy” rating and set a $3.70 price objective (up previously from $3.20) on shares of Abraxas Petroleum in a research note on Wednesday, March 14th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $3.00 price objective on shares of Abraxas Petroleum in a research note on Wednesday, January 24th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $3.09.

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About Abraxas Petroleum

Abraxas Petroleum Corporation, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of oil and gas properties in the United States. The company operates oil and gas assets in the Permian/Delaware Basin, the Rocky Mountain, and South Texas regions.

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