Abraxas Petroleum Corp. (AXAS) Scheduled to Post Quarterly Earnings on Wednesday
Abraxas Petroleum Corp. (NASDAQ:AXAS) is set to announce its earnings results on Wednesday, August 6th. Investors interested in registering for the company’s conference call can do so using this link.
Abraxas Petroleum Corp. (NASDAQ:AXAS) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.06 by $0.01. The company had revenue of $25.90 million for the quarter, compared to the consensus estimate of $24.03 million. On average, analysts expect Abraxas Petroleum Corp. to post $0.44 EPS for the current fiscal year and $0.67 EPS for the next fiscal year.
Shares of Abraxas Petroleum Corp. (NASDAQ:AXAS) opened at 5.09 on Tuesday. Abraxas Petroleum Corp. has a 52 week low of $2.41 and a 52 week high of $6.45. The stock’s 50-day moving average is $5.73 and its 200-day moving average is $4.59. The company has a market cap of $471.3 million and a price-to-earnings ratio of 11.05.
A number of analysts have recently weighed in on AXAS shares. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Abraxas Petroleum Corp. in a research note on Wednesday, July 2nd. They now have a $7.00 price target on the stock, up previously from $6.00. Finally, analysts at SunTrust raised their price target on shares of Abraxas Petroleum Corp. from $6.00 to $6.50 in a research note on Thursday, June 19th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $5.49.
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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