Abraxas Petroleum Corp. (AXAS) to Release Earnings on Thursday
Abraxas Petroleum Corp. (NASDAQ:AXAS) will be posting its quarterly earnings results on Thursday, May 8th. Individual that are interested in registering for the company’s earnings conference call can do so using this link.
Abraxas Petroleum Corp. (NASDAQ:AXAS) last issued its quarterly earnings data on Wednesday, March 12th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.04 by $0.07. On average, analysts expect Abraxas Petroleum Corp. to post $0.37 EPS for the current fiscal year and $0.47 EPS for the next fiscal year.
Shares of Abraxas Petroleum Corp. (NASDAQ:AXAS) opened at 5.38 on Wednesday. Abraxas Petroleum Corp. has a 1-year low of $2.01 and a 1-year high of $5.67. The stock’s 50-day moving average is $4.5 and its 200-day moving average is $3.62. The company has a market cap of $497.9 million and a P/E ratio of 13.22.
A number of analysts have recently weighed in on AXAS shares. Analysts at Imperial Capital initiated coverage on shares of Abraxas Petroleum Corp. in a research note on Wednesday, April 30th. They set an “in-line” rating and a $5.75 price target on the stock. On a related note, analysts at SunTrust raised their price target on shares of Abraxas Petroleum Corp. from $4.00 to $5.00 in a research note on Monday, April 28th. They now have a “neutral” rating on the stock. Finally, analysts at SunTrust raised their price target on shares of Abraxas Petroleum Corp. from $3.50 to $4.00 in a research note on Thursday, April 3rd. They now have a “neutral” rating on the stock. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $4.53.
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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