$0.06 EPS Expected for Abraxas Petroleum Corporation (AXAS)

July 14, 2018 - By Michael Garrison

Investors sentiment decreased to 0.86 in Q1 2018. Its down 0.39, from 1.25 in 2017Q4. It dropped, as 16 investors sold Abraxas Petroleum Corporation shares while 49 reduced holdings. 18 funds opened positions while 38 raised stakes. 83.38 million shares or 2.45% more from 81.39 million shares in 2017Q4 were reported.
Macquarie reported 100,900 shares or 0% of all its holdings. Ajo Ltd Partnership reported 0% of its portfolio in Abraxas Petroleum Corporation (NASDAQ:AXAS). Proshare Advsrs Lc stated it has 19,610 shares. California-based Eqis Mgmt Inc has invested 0.01% in Abraxas Petroleum Corporation (NASDAQ:AXAS). Cambridge Invest Advsrs invested 0% of its portfolio in Abraxas Petroleum Corporation (NASDAQ:AXAS). Crow Point Prns Limited Liability Corporation invested in 0.01% or 15,328 shares. Minnesota-based Walleye Trading Ltd Liability Corp has invested 0% in Abraxas Petroleum Corporation (NASDAQ:AXAS). Hightower Advsrs Ltd Liability Com reported 41,650 shares. Pennsylvania-based Vanguard has invested 0% in Abraxas Petroleum Corporation (NASDAQ:AXAS). National Bank & Trust Of America Corporation De owns 39,758 shares or 0% of their US portfolio. Lpl Financial Lc stated it has 158,780 shares. Assetmark reported 34 shares. Geode Management Ltd reported 1.34 million shares or 0% of all its holdings. Wedge Cap Mngmt L Limited Partnership Nc, North Carolina-based fund reported 334,300 shares. State Board Of Administration Of Florida Retirement Systems reported 49,888 shares.

Since April 4, 2018, it had 7 buys, and 0 sales for $94,183 activity. Shares for $10,404 were bought by Clarke Tod A. WATSON ROBERT L G bought $16,452 worth of stock or 7,478 shares. The insider WALLACE WILLIAM H bought $16,003. 7,149 shares were bought by WENDEL STEPHEN T, worth $15,728 on Wednesday, April 4. On Wednesday, April 4 Schwartz Dirk A bought $9,478 worth of Abraxas Petroleum Corporation (NASDAQ:AXAS) or 4,308 shares. Bommer Peter A. bought $9,464 worth of stock.

Analysts expect Abraxas Petroleum Corporation (NASDAQ:AXAS) to report $0.06 EPS on August, 14.They anticipate $0.05 EPS change or 500.00 % from last quarter’s $0.01 EPS. AXAS’s profit would be $9.91M giving it 12.04 P/E if the $0.06 EPS is correct. After having $0.09 EPS previously, Abraxas Petroleum Corporation’s analysts see -33.33 % EPS growth. It closed at $2.89 lastly. It is down 36.46% since July 14, 2017 and is uptrending. It has outperformed by 23.89% the S&P500.

Abraxas Petroleum Corporation (NASDAQ:AXAS) Ratings Coverage

Among 2 analysts covering Abraxas Petroleum Corp (NASDAQ:AXAS), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Abraxas Petroleum Corp has $4.8000 highest and $3.0 lowest target. $4.10’s average target is 41.87% above currents $2.89 stock price. Abraxas Petroleum Corp had 9 analyst reports since January 24, 2018 according to SRatingsIntel. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, April 23 report. The firm earned “Buy” rating on Wednesday, March 14 by Stifel Nicolaus. The firm earned “Buy” rating on Tuesday, March 13 by Canaccord Genuity. The company was maintained on Wednesday, May 9 by Stifel Nicolaus. Stifel Nicolaus maintained Abraxas Petroleum Corporation (NASDAQ:AXAS) on Monday, January 29 with “Buy” rating. As per Tuesday, May 8, the company rating was maintained by Canaccord Genuity. The stock of Abraxas Petroleum Corporation (NASDAQ:AXAS) earned “Buy” rating by Stifel Nicolaus on Wednesday, January 31. The rating was maintained by Canaccord Genuity with “Buy” on Sunday, February 4. The stock has “Buy” rating by Canaccord Genuity on Wednesday, January 24.

Abraxas Petroleum Corporation, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of gas and oil properties in the United States. The company has market cap of $477.24 million. The firm operates gas and oil assets in the Permian/Delaware Basin, the Rocky Mountain, and South Texas regions. It has a 39.05 P/E ratio. As of December 31, 2016, its estimated net proved reserves were 44.7 million barrels of oil equivalent.

Abraxas Petroleum Corporation (NASDAQ:AXAS) Institutional Positions Chart

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