Abraxas Petroleum Corporation (AXAS) Earning Somewhat Favorable Press Coverage, Study Finds

Media headlines about Abraxas Petroleum Corporation (NASDAQ:AXAS) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Abraxas Petroleum Corporation earned a coverage optimism score of 0.03 on Accern’s scale. Accern also assigned media headlines about the energy company an impact score of 47.4795539806828 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:

A number of research firms have recently commented on AXAS. Zacks Investment Research upgraded Abraxas Petroleum Corporation from a “hold” rating to a “buy” rating and set a $2.25 price objective for the company in a report on Wednesday, October 11th. TheStreet upgraded Abraxas Petroleum Corporation from a “d” rating to a “c-” rating in a report on Tuesday, August 8th. Seaport Global Securities upgraded Abraxas Petroleum Corporation from a “neutral” rating to a “buy” rating and increased their price target for the company from $2.00 to $2.50 in a report on Friday, August 11th. Stifel Nicolaus set a $2.00 price target on Abraxas Petroleum Corporation and gave the company a “buy” rating in a report on Thursday, October 5th. Finally, BidaskClub downgraded Abraxas Petroleum Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Abraxas Petroleum Corporation has an average rating of “Hold” and an average price target of $2.31.

Shares of Abraxas Petroleum Corporation (NASDAQ AXAS) traded up $0.05 during midday trading on Friday, reaching $2.09. The company had a trading volume of 1,223,609 shares, compared to its average volume of 1,502,902. Abraxas Petroleum Corporation has a 52-week low of $1.45 and a 52-week high of $2.99. The firm has a market cap of $346.71, a P/E ratio of 23.22 and a beta of 1.44. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.61.

Abraxas Petroleum Corporation (NASDAQ:AXAS) last announced its quarterly earnings results on Tuesday, November 7th. The energy company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). Abraxas Petroleum Corporation had a net margin of 18.83% and a return on equity of 17.00%. The company had revenue of $24.70 million during the quarter, compared to analyst estimates of $25.38 million. During the same quarter in the prior year, the company posted ($0.02) earnings per share. The firm’s revenue for the quarter was up 76.4% on a year-over-year basis. equities analysts predict that Abraxas Petroleum Corporation will post 0.14 earnings per share for the current fiscal year.

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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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