QS Investors LLC Has $1.35 Million Stake in Abraxas Petroleum Corporation (AXAS)

QS Investors LLC grew its position in shares of Abraxas Petroleum Corporation (NASDAQ:AXAS) by 1,359.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 835,665 shares of the energy company’s stock after purchasing an additional 778,417 shares during the period. QS Investors LLC owned approximately 0.51% of Abraxas Petroleum Corporation worth $1,354,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of AXAS. UBS Oconnor LLC raised its stake in shares of Abraxas Petroleum Corporation by 542.8% during the first quarter. UBS Oconnor LLC now owns 3,091,295 shares of the energy company’s stock valued at $6,244,000 after purchasing an additional 2,610,368 shares during the period. Vanguard Group Inc. raised its stake in shares of Abraxas Petroleum Corporation by 42.1% during the first quarter. Vanguard Group Inc. now owns 7,216,245 shares of the energy company’s stock valued at $14,577,000 after purchasing an additional 2,136,606 shares during the period. Wellington Management Group LLP purchased a new stake in shares of Abraxas Petroleum Corporation during the first quarter valued at approximately $3,735,000. JPMorgan Chase & Co. raised its stake in shares of Abraxas Petroleum Corporation by 56.2% during the first quarter. JPMorgan Chase & Co. now owns 4,464,294 shares of the energy company’s stock valued at $9,018,000 after purchasing an additional 1,606,737 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Abraxas Petroleum Corporation during the first quarter valued at approximately $2,596,000. Institutional investors own 44.49% of the company’s stock.

A number of analysts have recently issued reports on AXAS shares. Stifel Nicolaus reiterated a “buy” rating and set a $2.40 price objective on shares of Abraxas Petroleum Corporation in a research note on Friday, July 14th. Canaccord Genuity assumed coverage on shares of Abraxas Petroleum Corporation in a research note on Monday, July 24th. They issued a “buy” rating and a $2.50 price target for the company. Zacks Investment Research lowered shares of Abraxas Petroleum Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. BidaskClub lowered shares of Abraxas Petroleum Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, Seaport Global Securities upgraded shares of Abraxas Petroleum Corporation from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $2.00 to $2.50 in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $2.60.

Shares of Abraxas Petroleum Corporation (NASDAQ:AXAS) opened at 1.91 on Wednesday. The company’s 50 day moving average is $1.79 and its 200-day moving average is $1.80. The company has a market capitalization of $310.10 million, a PE ratio of 22.74 and a beta of 1.46. Abraxas Petroleum Corporation has a 52 week low of $1.45 and a 52 week high of $2.99.

Abraxas Petroleum Corporation (NASDAQ:AXAS) last posted its quarterly earnings results on Tuesday, August 8th. The energy company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). The firm had revenue of $13.15 million during the quarter, compared to the consensus estimate of $16.70 million. Abraxas Petroleum Corporation had a net margin of 18.14% and a return on equity of 7.68%. On average, analysts expect that Abraxas Petroleum Corporation will post $0.14 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This report was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another publication, it was stolen and republished in violation of international copyright & trademark laws. The original version of this report can be viewed at https://ledgergazette.com/2017/10/11/qs-investors-llc-has-1-35-million-stake-in-abraxas-petroleum-corporation-axas.html.

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Several other institutional investors and hedge funds have also recently bought and sold shares of AXAS. UBS Oconnor LLC raised its stake in shares of Abraxas Petroleum Corporation by 542.8% during the first quarter. UBS Oconnor LLC now owns 3,091,295 shares of the energy company’s stock valued at $6,244,000 after purchasing an additional 2,610,368 shares during the period. Vanguard Group Inc. raised its stake in shares of Abraxas Petroleum Corporation by 42.1% during the first quarter. Vanguard Group Inc. now owns 7,216,245 shares of the energy company’s stock valued at $14,577,000 after purchasing an additional 2,136,606 shares during the period. Wellington Management Group LLP purchased a new stake in shares of Abraxas Petroleum Corporation during the first quarter valued at approximately $3,735,000. JPMorgan Chase & Co. raised its stake in shares of Abraxas Petroleum Corporation by 56.2% during the first quarter. JPMorgan Chase & Co. now owns 4,464,294 shares of the energy company’s stock valued at $9,018,000 after purchasing an additional 1,606,737 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Abraxas Petroleum Corporation during the first quarter valued at approximately $2,596,000. Institutional investors own 44.49% of the company’s stock.

A number of analysts have recently issued reports on AXAS shares. Stifel Nicolaus reiterated a “buy” rating and set a $2.40 price objective on shares of Abraxas Petroleum Corporation in a research note on Friday, July 14th. Canaccord Genuity assumed coverage on shares of Abraxas Petroleum Corporation in a research note on Monday, July 24th. They issued a “buy” rating and a $2.50 price target for the company. Zacks Investment Research lowered shares of Abraxas Petroleum Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. BidaskClub lowered shares of Abraxas Petroleum Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, Seaport Global Securities upgraded shares of Abraxas Petroleum Corporation from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $2.00 to $2.50 in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $2.60.

Shares of Abraxas Petroleum Corporation (NASDAQ:AXAS) opened at 1.91 on Wednesday. The company’s 50 day moving average is $1.79 and its 200-day moving average is $1.80. The company has a market capitalization of $310.10 million, a PE ratio of 22.74 and a beta of 1.46. Abraxas Petroleum Corporation has a 52 week low of $1.45 and a 52 week high of $2.99.

Abraxas Petroleum Corporation (NASDAQ:AXAS) last posted its quarterly earnings results on Tuesday, August 8th. The energy company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). The firm had revenue of $13.15 million during the quarter, compared to the consensus estimate of $16.70 million. Abraxas Petroleum Corporation had a net margin of 18.14% and a return on equity of 7.68%. On average, analysts expect that Abraxas Petroleum Corporation will post $0.14 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This report was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another publication, it was stolen and republished in violation of international copyright & trademark laws. The original version of this report can be viewed at https://ledgergazette.com/2017/10/11/qs-investors-llc-has-1-35-million-stake-in-abraxas-petroleum-corporation-axas.html.

About Abraxas Petroleum Corporation

Abraxas Petroleum Corporation is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and gas. 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.

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

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