Strs Ohio lifted its position in shares of Abraxas Petroleum Corp. (NASDAQ:AXAS) by 7.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 190,200 shares of the energy company’s stock after buying an additional 13,300 shares during the quarter. Strs Ohio owned about 0.11% of Abraxas Petroleum worth $195,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of Abraxas Petroleum by 4.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,554,853 shares of the energy company’s stock worth $6,055,000 after buying an additional 253,765 shares during the period. Formula Growth Ltd. increased its position in shares of Abraxas Petroleum by 6.7% during the first quarter. Formula Growth Ltd. now owns 3,993,528 shares of the energy company’s stock worth $4,992,000 after buying an additional 250,000 shares during the period. Wasatch Advisors Inc. increased its position in shares of Abraxas Petroleum by 98.4% during the first quarter. Wasatch Advisors Inc. now owns 2,544,099 shares of the energy company’s stock worth $3,180,000 after buying an additional 1,261,814 shares during the period. Geode Capital Management LLC increased its position in shares of Abraxas Petroleum by 16.8% during the fourth quarter. Geode Capital Management LLC now owns 1,934,314 shares of the energy company’s stock worth $2,108,000 after buying an additional 278,116 shares during the period. Finally, Deutsche Bank AG increased its position in shares of Abraxas Petroleum by 297.5% during the fourth quarter. Deutsche Bank AG now owns 1,271,270 shares of the energy company’s stock worth $1,383,000 after buying an additional 951,493 shares during the period. Institutional investors own 51.91% of the company’s stock.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Abraxas Petroleum from a “sell” rating to a “hold” rating in a research report on Monday, August 12th. Seaport Global Securities reissued a “buy” rating on shares of Abraxas Petroleum in a research note on Friday, June 21st. Finally, ValuEngine lowered shares of Abraxas Petroleum from a “sell” rating to a “strong sell” rating in a research note on Monday, April 29th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $3.25.
Abraxas Petroleum (NASDAQ:AXAS) last released its quarterly earnings data on Wednesday, August 7th. The energy company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). Abraxas Petroleum had a net margin of 29.82% and a return on equity of 13.62%. The business had revenue of $34.82 million during the quarter, compared to the consensus estimate of $33.00 million. On average, equities analysts predict that Abraxas Petroleum Corp. will post 0.16 earnings per share for the current year.
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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