Abraxas Petroleum Corp. Price Target Raised to $4.00 at Robert W. Baird (AXAS)
Stock analysts at Robert W. Baird raised their price target on shares of Abraxas Petroleum Corp. (NASDAQ:AXAS) from $3.00 to $4.00 in a report issued on Friday, Stock Ratings Network reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price target would indicate a potential upside of 33.78% from the company’s current price.
A number of other analysts have also recently weighed in on AXAS. Analysts at Zacks downgraded shares of Abraxas Petroleum Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 8th. They now have a $3.10 price target on the stock. Finally, analysts at SunTrust raised their price target on shares of Abraxas Petroleum Corp. from $2.85 to $2.90 in a research note to investors on Thursday, October 3rd. They now have a “neutral” rating on the stock. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $3.06.
Shares of Abraxas Petroleum Corp. (NASDAQ:AXAS) remained flat at $2.99 during trading on Friday. 1,080,408 shares of the company’s stock traded hands. Abraxas Petroleum Corp. has a one year low of $1.56 and a one year high of $3.05. The stock has a 50-day moving average of $2.67 and a 200-day moving average of $2.41. The company’s market cap is $276.2 million.
Abraxas Petroleum Corp. (NASDAQ:AXAS) last announced its earnings results on Thursday, August 8th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. The company had revenue of $21.50 million for the quarter, compared to the consensus estimate of $22.51 million. Analysts expect that Abraxas Petroleum Corp. will post $0.15 EPS for the current fiscal year.
Abraxas Petroleum Corporation is an independent energy company primarily engaged in the acquisition, exploitation, development and production of oil and gas in the United States and Canada.
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