Tudor Investment Corp ET AL Boosts Stake in Abraxas Petroleum Corporation (AXAS)

Paterniano Del Favero
Agosto 2, 2017

Wall Street analysts are predicting that Abraxas Petro Corp (NASDAQ:AXAS) will report earnings per share of $0.02 in their quarterly report. The highest EPS estimate is $0.03 and the lowest is $0.02.

On average, analysts expect that Abraxas Petroleum Corporation will report full-year sales of $16.70 million for the current year, with estimates ranging from $88.70 million to $92.30 million. It closed at $1.8 lastly. It is down 0.00% since July 28, 2016 and is. It has outperformed by 23.15% the S&P500. Finally, Seaport Global Securities lowered Abraxas Petroleum Corporation from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $3.25 to $2.00 in a research report on Wednesday, June 21st. The stock's market capitalization is $295.02 million. The Firm is engaged in the acquisition, exploration, development and production of gas and oil. A negative earnings surprise will usually result in a decline in share price. 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.

Abraxas Petroleum Corporation (NASDAQ:AXAS) was downgraded by Zacks Investment Research from a "hold" rating to a "sell" rating in a note issued to investors on Tuesday. Therefore 31% are positive.

In terms of Buy, Sell or Hold recommendations, Abraxas Petro Corp (NASDAQ:AXAS) has analysts' mean recommendation of 1.8. Past 5 years growth of Abraxas Petro Corp (NASDAQ:AXAS) observed at -3.06%, looking forward for the next 5 years it has a strong prediction of 2% over growth. The firm earned "Buy" rating on Friday, January 20 by Stifel Nicolaus. On Tuesday, September 1 the stock rating was upgraded by Barclays Capital to "Equal Weight". The company presently has a consensus rating of "Buy" and an average target price of $2.53. The company was upgraded on Monday, April 18 by Cowen & Co. The firm has "Buy" rating by Aegis Capital given on Friday, November 4. On Friday, October 21 the stock rating was initiated by Rodman & Renshaw with "Buy". The stock has "In-Line" rating by Imperial Capital on Thursday, December 17.

Investors sentiment increased to 1.34 in Q4 2016. Its up 0.30, from 0.94 in 2016Q3. Alliancebernstein L.P. now owns 101,900 shares of the energy company's stock worth $206,000 after buying an additional 8,400 shares during the last quarter.

Receive Abraxas Petroleum Corporation News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abraxas Petroleum Corporation with MarketBeat.com's FREE daily email newsletter. Institutional investors own 43.26% of the company's stock. Comml Bank Of America De holds 0% in Abraxas Petroleum Corp. (NASDAQ:AXAS). Lyon Street Capital Limited stated it has 503,255 shares. Moreover, Millennium Management Limited has 0.01% invested in Abraxas Petroleum Corp.

AXAS has been the subject of several recent research reports. Metropolitan Life Insurance Ny has invested 0% in Abraxas Petroleum Corp.

08/13/2015 - Abraxas Petroleum Corporation had its " rating reiterated by analysts at Robert W. Baird.

Shares of Abraxas Petroleum Corporation (NASDAQ AXAS) traded up 2.89% during mid-day trading on Friday, hitting $1.78. (NASDAQ:AXAS) rating on Friday, August 7. Allianz Asset Management Ag has 0% invested in Abraxas Petroleum Corp. (NASDAQ:AXAS) for 146,960 shares. The Connecticut-based Thomson Horstmann & Bryant Inc has invested 0.62% in the stock. (NASDAQ:AXAS). Hightower Advsrs Ltd Llc holds 0% or 13,650 shares in its portfolio. The company has market cap of $42.94 million. The Company's divisions include Raizen Energia, Raizen Combustiveis, COMGAS, Cosan Logistica, Lubricants and Other business. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0. The Company's other business include other investments, in addition to the corporate activities. Micron Technology, Inc. has 11 buy ratings, 3 holds and 0 sells even after the stock tumbled -11.17% from its high of $32.96 to a $33.69 billion market value through last close. Computer Sciences Corporation had 27 analyst reports since August 4, 2015 according to SRatingsIntel.

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