Abraxas Petroleum Corporation (NASDAQ:AXAS) registered a -5.53% decrease, still its new closing price is 214.47% up from the company’s 1 year high of 2.99.It posted -5.16% losses in previous 5 sessions and is now the subject of 1 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 4 buy or better ratings. The 8 stock analysts following this company have an average price target at $3.07, with individual PT in the $1.25-$3.75 range. The shares moved at $2.39, implying that brokerage firms see shares gaining about 109.65% in twelve months time.
Abraxas Petroleum Corporation (AXAS) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -7.00% fall year to date. A Former VP – Exploration at Abraxas Petroleum Corporation (AXAS) offloaded shares in a transaction closed on Thursday September 29, 2016. BILLINGSLEY LEE T sold 100,000 shares in the company at $1.68 each and collected $168,000 in proceeds. BILLINGSLEY LEE T now owns 180,037 shares in the company after this transaction. A Former VP – Exploration in the company, BILLINGSLEY LEE T, disclosed a transaction on Wednesday September 21, 2016 that ended up generating $79,001 from the sale of 50,000 shares at $1.59 per share.
Abraxas Petroleum Corporation (NASDAQ:AXAS) Upcoming Results on Tap
Abraxas Petroleum Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.03 in that period. Sales during the quarter are predicted to arrive at $22.64 million.
Earnings surprise history: Last quarter, the company posted approximately $13.98 million in revenue and EPS of $-0.02. The mean forecast was for $14.69 million and $-0.03 a share, respectively. One quarter earlier, revenue for the stock was at $11.01 million, with earnings at $-0.05/share.
Abraxas Petroleum Corporation (AXAS) Brokerage Update
Abraxas Petroleum Corporation (AXAS) is in Stifel’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Hold by Stifel, according to news reported on Friday January 20, 2017.Another important research note was issued by Canaccord Genuity on Friday March 06, 2015.The firm upgraded AXAS to Buy from Hold. Over the last six months and over the last three months, the shares of Abraxas Petroleum Corporation (AXAS), have changed 106.03% and 37.36%, respectively.
