The Abraxas Petroleum Corporation (NASDAQ:AXAS) is going up by 1.57% in today’s trading session, a rise equivalent to 0.01% of the stock’s price from yesterday’s market close. A news came out on 11/13/19 stating that Abraxas Announces Debt Refinancing and New Borrowing Base, Ample Liquidity and Enhanced Balance Sheet Stability by WSJ. The lowest point that the shares touched during the trading session was $0.2402, while the peak of the day was recorded at a share price of $0.269. AXAS finished the previous session at $0.24 according to the data provided by Barchart, while the trading volume was observed to be $628592.
In the 100 days of trading, AXAS managed to top a 0.50% Moving average. Additionally, Abraxas Petroleum Corporation shares have achieved a 52-week range between 0.22 and 1.84 alongside 100 days raw stochastic set at 3.03%.
The number of shares outstanding, according to the fundamentals of the company, is set at 166.93M, equal to the value of $40.46M in market capitalization. In the last 30 days, Abraxas Petroleum Corporation shares went down by -33.68%, adding 0.37 to growth in value, on top of a +9.27% boost since 11/01/19.
Abraxas Petroleum Corporation (NASDAQ:AXAS) Analyst’s Estimates
Abraxas Petroleum Corporation (AXAS) could record at least $0.03 per share in quarterly earnings in the upcoming report on 03/11/2020, a number that would actually represent an increase of 0.14 YOY.
According to the average analyst rating, Abraxas Petroleum Corporation would be rated as Overweight. Out of 8 different analysts monitoring AXAS stock, 3 analysts rate the stock as a BUY, 3 suggest to give the rating of HOLD, 2 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 November 19, 2019, the stock earned a Downgrade rating due to a new analyst call from Johnson Rice, while analysts from Seaport Global Securities believe that the stock is set at Neutral from Buy, as concluded on October 10, 2019. Ladenburg Thalmann, is still rather wary about the stock, deciding to keep the rating at Neutral as confirmed through a call on August 26, 2019.
Regardless of the rating, Canaccord Genuity did increase their price to $2.50 as they are considering target share price analysis. Stephens, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on December 06, 2018, giving the stock a Equal-Weight 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 1.69. Additionally, Abraxas Petroleum Corporation is recording price volatility of 11.53% for the period of the last seven days and 14.12% 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 6.02% 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 14.31%. Stochastic %K for Abraxas Petroleum Corporation, with the last 20 days included, was set at 16.32%, having Stochastic %D topping 18.70%. 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 -77.76% in metrics.
Abraxas Petroleum Corporation Insider Watch:
Similarly, 57.57% of the company’s float is held by institutions – and there are 171 institutions in total holding shares of this company. The top three institutional holders of AXAS stocks are: Blackrock Inc. with ownership of $6.05 million, which is approximately 11912894 of the company’s shares; Mangrove Partners, holding 8868649 shares of the stock with an approximate value of $4.5 million; and Vanguard Group, Inc. (The), currently with more than 7962041 shares of the company valued at $4.04 million. Positions in Abraxas Petroleum Corporation stocks held by institutional investors has been changing actively in the past six months, a period during which there were 9 insider purchases amounting to 83079 shares.