Out of 10 analysts covering Abraxas Petroleum (NASDAQ:AXAS), 6 rate it “Buy”, 0 “Sell”, while 6 “Hold”. This means 50% are positive. Abraxas Petroleum was the topic in 14 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Below is a list of Abraxas Petroleum Corp. (NASDAQ:AXAS) latest ratings and price target changes.
05/02/2016 Broker: Robert W. Baird Rating: Old Target: $2.00 New Target: $1.00 Target Down
19/01/2016 Broker: Canaccord Genuity Rating: Old Target: $3.00 New Target: $2.25 Target Down
17/12/2015 Broker: Imperial Capital Rating: In-Line Old Target: $1.75 New Target: $1.00 Maintain
20/10/2015 Broker: Suntrust Robinson Rating: Buy Old Target: $4.00 New Target: $2.00 Target Down
The stock increased 4.61% or $0.042 on April 8, hitting $0.952. Abraxas Petroleum Corp. (NASDAQ:AXAS) has declined 43.79% since September 2, 2015 and is downtrending. It has underperformed by 48.85% the S&P500.
Abraxas Petroleum Corporation is an independent energy company. The company has a market cap of $105.94 million. The Firm is primarily engaged in the acquisition, exploration, development and production of gas and oil. It currently has negative earnings. As of December 31, 2014, the Company’s estimated net proved reserves were 42.4 million barrels of oil equivalent , of which 42% were classified as proved developed, 78% were oil and natural gas liquids (NGL) and 92% of which (on a PV-10 basis) were operated by the Company.
The institutional sentiment decreased to 0.8 in Q3 2015. Its down 0.10, from 0.9 in 2015Q2. The ratio dived, as 26 funds sold all Abraxas Petroleum Corp. shares owned while 38 reduced positions. 10 funds bought stakes while 41 increased positions. They now own 45.55 million shares or 6.91% less from 48.93 million shares in 2015Q2.
Blb&B Advisors Llc holds 0.52% of its portfolio in Abraxas Petroleum Corp. for 1.82 million shares. Thomson Horstmann & Bryant Inc owns 2.23 million shares or 0.28% of their US portfolio. Moreover, Wall Street Associates has 0.2% invested in the company for 800,000 shares. The Michigan-based Northpointe Capital Llc has invested 0.09% in the stock. Dalton Greiner Hartman Maher & Co, a New York-based fund reported 810,718 shares.
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