Thrivent Financial for Lutherans Sells 89,511 Shares of Abraxas Petroleum Corp. (AXAS)

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Thrivent Financial for Lutherans decreased its position in shares of Abraxas Petroleum Corp. (NASDAQ:AXAS) by 23.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 288,168 shares of the energy company’s stock after selling 89,511 shares during the period. Thrivent Financial for Lutherans owned about 0.17% of Abraxas Petroleum worth $314,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Abraxas Petroleum by 1.3% in the 3rd quarter. BlackRock Inc. now owns 11,784,472 shares of the energy company’s stock valued at $27,458,000 after buying an additional 151,020 shares during the period. Vanguard Group Inc raised its stake in shares of Abraxas Petroleum by 0.8% in the 3rd quarter. Vanguard Group Inc now owns 8,477,204 shares of the energy company’s stock valued at $19,753,000 after buying an additional 63,202 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Abraxas Petroleum by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 8,477,204 shares of the energy company’s stock valued at $19,753,000 after buying an additional 63,202 shares in the last quarter. Portolan Capital Management LLC raised its stake in shares of Abraxas Petroleum by 38.2% in the 4th quarter. Portolan Capital Management LLC now owns 6,804,579 shares of the energy company’s stock valued at $7,417,000 after buying an additional 1,881,556 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Abraxas Petroleum by 4.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,554,853 shares of the energy company’s stock worth $6,055,000 after purchasing an additional 253,765 shares in the last quarter. 55.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of AXAS stock opened at $1.44 on Wednesday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market cap of $244.02 million, a price-to-earnings ratio of 8.00 and a beta of 1.51. Abraxas Petroleum Corp. has a 52 week low of $0.90 and a 52 week high of $3.27.

Abraxas Petroleum (NASDAQ:AXAS) last announced its earnings results on Wednesday, March 13th. The energy company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). The company had revenue of $36.00 million for the quarter, compared to analyst estimates of $32.13 million. Abraxas Petroleum had a return on equity of 24.46% and a net margin of 38.76%. On average, analysts forecast that Abraxas Petroleum Corp. will post 0.24 EPS for the current year.

A number of equities research analysts have commented on the stock. ValuEngine raised shares of Abraxas Petroleum from a “strong sell” rating to a “sell” rating in a report on Tuesday, April 9th. Zacks Investment Research raised shares of Abraxas Petroleum from a “sell” rating to a “hold” rating in a research note on Monday, January 21st. Finally, TheStreet raised shares of Abraxas Petroleum from a “d+” rating to a “c” rating in a research note on Thursday, March 14th. Three research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. Abraxas Petroleum has an average rating of “Hold” and an average target price of $3.83.

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Abraxas Petroleum Profile

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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Institutional Ownership by Quarter for Abraxas Petroleum (NASDAQ:AXAS)

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