Abraxas Petroleum (AXAS) to Release Quarterly Earnings on Wednesday

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Abraxas Petroleum (NASDAQ:AXAS) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.04 per share for the quarter.

Abraxas Petroleum (NASDAQ:AXAS) last announced its quarterly earnings data on Monday, May 6th. The energy company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). The company had revenue of $34.51 million during the quarter, compared to analyst estimates of $31.65 million. Abraxas Petroleum had a net margin of 15.09% and a return on equity of 14.05%. On average, analysts expect Abraxas Petroleum to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of NASDAQ AXAS opened at $0.73 on Tuesday. The firm has a market capitalization of $127.51 million, a PE ratio of 6.88 and a beta of 1.67. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.42 and a current ratio of 0.42. Abraxas Petroleum has a 12-month low of $0.59 and a 12-month high of $2.57. The company has a fifty day moving average of $0.99.

AXAS has been the topic of several analyst reports. ValuEngine cut Abraxas Petroleum from a “sell” rating to a “strong sell” rating in a research note on Monday, April 29th. Seaport Global Securities reiterated a “buy” rating on shares of Abraxas Petroleum in a research note on Friday, June 21st. Finally, Zacks Investment Research cut Abraxas Petroleum from a “hold” rating to a “sell” rating in a research note on Monday, July 8th. Three equities research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $3.25.

Abraxas Petroleum Company 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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Earnings History for Abraxas Petroleum (NASDAQ:AXAS)

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