The Abraxas Petroleum Corporation (NASDAQ:AXAS) is going down by -3.82% in today’s trading session, a fall equivalent to -0.02% of the stock’s price from yesterday’s market close. A news came out on 08/28/19 stating that Abraxas Petroleum Receives NASDAQ Notice Regarding Non-Compliance With Continued Listing Standards by WSJ. The lowest point that the shares touched during the trading session was $0.5295, while the peak of the day was recorded at a share price of $0.5681. AXAS finished the previous session at $0.55 according to the data provided by Barchart, while the trading volume was observed to be $1,022,779.
In the 100 days of trading, AXAS managed to top a 0.95% Moving average. Additionally, Abraxas Petroleum Corporation shares have achieved a 52-week range between 0.43 and 2.57 alongside 100 days raw stochastic set at 9.72%.
The number of shares outstanding, according to the fundamentals of the company, is set at 175.75M, equal to the value of $97.01M in market capitalization. In the last 30 days, Abraxas Petroleum Corporation shares went down by -20.57%, adding 0.66 to growth in value, on top of a +21.93% boost since 08/09/19.
Abraxas Petroleum Corporation (NASDAQ:AXAS) Analyst’s Estimates
Abraxas Petroleum Corporation (AXAS) could record at least $0.04 per share in quarterly earnings in the upcoming report on 11/11/2019, a number that would actually represent an increase of 57.82% YOY.
According to the average analyst rating, Abraxas Petroleum Corporation would be rated as Buy. Out of 8 different analysts monitoring AXAS stock, 6 analysts rate the stock as a BUY, 1 suggest to give the rating of HOLD, 1 indicate that AXAS is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On Aug-26-19, the stock earned a Downgrade rating due to a new analyst call from Ladenburg Thalmann, while analysts from Canaccord Genuity believe that the stock is set at Speculative Buy from Buy, as concluded on Aug-14-19. Stephens, is still rather wary about the stock, deciding to keep the rating at Equal-Weight as confirmed through a call on Dec-06-18.
Regardless of the rating, Robert W. Baird did increase their price to $3 as they are considering target share price analysis. Seaport Global Securities, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Jun-21-17, giving the stock a Neutral from the Buy rating.
AXAS Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +46.64% has been attained, while the operating margin has been recorded at +38.57%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 16.53%. Beta value of the stock is recorded at 1.74. Additionally, Abraxas Petroleum Corporation is recording price volatility of 8.10% for the period of the last seven days and 12.14% in the last 30 days.
Abraxas Petroleum Corporation (NASDAQ:AXAS) Technical Outlook
For the period of the last 50 days, Abraxas Petroleum Corporation had its Raw Stochastic average set at 14.07% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 41.00%. Stochastic %K for Abraxas Petroleum Corporation, with the last 20 days included, was set at 45.76%, having Stochastic %D topping 39.52%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Abraxas Petroleum Corporation stocks with recording -49.36% in metrics.
Abraxas Petroleum Corporation Insider Watch:
As far as the position of shares issued by Abraxas Petroleum Corporation (NASDAQ:AXAS) for the period concluded at the market close of 09/10/19, 51 institutional investors increased their positions in AXAS shares by 7,417,753, 51 decreased positions by 7,617,101 and 36 institutional investors decided to hold positions at 72,731,567. These numbers put the complete list of institutional holdings set at 87,766,421 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 13 institutional investments with 1,819,875 new shares in addition to having 18 institutional investors selling their positions in 3,086,817 shares.