Is Abraxas Petroleum (AXAS) a Sell? What does Stephens Think?

Investors sentiment increased to 1.65 in Q2 2018. Its up 0.79, from 0.86 in 2018Q1. It is positive, as 10 investors sold Abraxas Petroleum Corporation shares while 39 reduced holdings. 29 funds opened positions while 52 raised stakes. 90.69 million shares or 8.77% more from 83.38 million shares in 2018Q1 were reported.

Amalgamated Bank & Trust reported 23,887 shares or 0% of all its holdings. Portolan Capital Mngmt Lc owns 1.34% invested in Abraxas Petroleum Corporation (NASDAQ:AXAS) for 4.53 million shares. Hightower Limited Liability Corp reported 0% stake. Macquarie Gru Ltd reported 0% in Abraxas Petroleum Corporation (NASDAQ:AXAS). State Board Of Administration Of Florida Retirement System accumulated 49,888 shares. Brave Asset Mngmt has invested 0.02% of its portfolio in Abraxas Petroleum Corporation (NASDAQ:AXAS). Proshare Advisors Ltd Company has invested 0% in Abraxas Petroleum Corporation (NASDAQ:AXAS). Phoenix Inv Adviser Ltd owns 23,000 shares. Weiss Asset Lp accumulated 24,673 shares. D E Shaw reported 0% stake. Crow Point Prtn Limited Liability, a Massachusetts-based fund reported 99,156 shares. Parametric Portfolio Associate Llc has 414,470 shares for 0% of their portfolio. Thompson Davis Co has 1,500 shares. Moreover, United Automobile Association has 0% invested in Abraxas Petroleum Corporation (NASDAQ:AXAS). Credit Suisse Ag, a Switzerland-based fund reported 148,253 shares.

Why Has Stephens Given Abraxas Petroleum (AXAS) a $3.0 Price Target

Stephens analyst initiated coverage with a “Equal-Weight” rating on Abraxas Petroleum (AXAS) today and set a price target of $3.0. The firm’s shares opened today at 1.56.

The stock decreased 7.69% or $0.13 during the last trading session, reaching $1.56. About 1.61 million shares traded or 47.19% up from the average. Abraxas Petroleum Corporation (AXAS) has risen 41.10% since December 7, 2017 and is uptrending. It has outperformed by 25.48% the S&P500.

Analysts await Abraxas Petroleum Corporation (NASDAQ:AXAS) to report earnings on March, 12. They expect $0.08 EPS, up 100.00 % or $0.04 from last year’s $0.04 per share. AXAS’s profit will be $13.22 million for 4.88 P/E if the $0.08 EPS becomes a reality. After $0.05 actual EPS reported by Abraxas Petroleum Corporation for the previous quarter, Wall Street now forecasts 60.00 % EPS growth.

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 $257.87 million. The firm operates gas and oil assets in the Permian/Delaware Basin, the Rocky Mountain, and South Texas regions. It currently has negative earnings. As of December 31, 2016, its estimated net proved reserves were 44.7 million barrels of oil equivalent.

More notable recent Abraxas Petroleum Corporation (NASDAQ:AXAS) news were published by: Nasdaq.com which released: “Abraxas Petroleum (AXAS) Tops Q3 Earnings and Revenue Estimates – Nasdaq” on November 07, 2018, also Profitconfidential.com with their article: “These Indications Continue to Support Higher AXAS Stock Prices – Profit Confidential” published on May 31, 2018, Seekingalpha.com published: “Abraxas Petroleum Can Handle $50 Oil In 2019 – Seeking Alpha” on November 29, 2018. More interesting news about Abraxas Petroleum Corporation (NASDAQ:AXAS) were released by: Seekingalpha.com and their article: “Abraxas Petroleum Needs Some Discipline – Seeking Alpha” published on July 26, 2017 as well as Seekingalpha.com‘s news article titled: “Abraxas Petroleum: Steady As She Goes – Seeking Alpha” with publication date: May 11, 2018.

Abraxas Petroleum Corporation (NASDAQ:AXAS) Institutional Positions Chart

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