Abraxas Petroleum Corporation (AXAS) Stock Rating Lowered by Zacks Investment Research

More About Abraxas Petroleum Corp.

PBF Energy Inc. (NYSE:PBF) closed up +0.23 points or 0.96% at $24.25 with 2.06 mln shares exchanging hands.

The share price of Evolution Petroleum Corporation, Inc.

Several large investors have recently added to or reduced their stakes in the company.

10/20/2015 - Abraxas Petroleum Corporation had its " rating reiterated by analysts at SunTrust. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. Finally, California State Teachers Retirement System raised its stake in shares of Abraxas Petroleum Corporation by 30.2% in the second quarter. Mutual of America Capital Management LLC boosted its stake in Abraxas Petroleum Corporation by 23.7% in the third quarter. Mutual of America Capital Management LLC now owns 700,451 shares of the energy company's stock worth $1,184,000 after buying an additional 134,407 shares during the last quarter. Formula Growth Ltd. now owns 4,764,092 shares of the energy company's stock worth $8,051,000 after buying an additional 902,792 shares in the last quarter.

The share price of the company (AXAS) was up +2.21% during the last trading session, with a high of 2.34 and the volume of Abraxas Petroleum Corporation shares traded was 2242076. Abraxas Petroleum Corporation highlighted its earnings success in the latest quarter as it beat the Street's earnings consensus estimates of -$0.03 by $0.01. The company has a market cap of $378 million.

AGNC Investment Corp. (NASDAQ:AGNC) right now sits at consensus rating of 2.80 while 0 analysts have advocated the shares as "BUY", 0 calls it an "OUTPERFORM" and 0 suggest "HOLD". The company had revenue of $11.00 million for the quarter, compared to analysts expectations of $12.26 million. The companys revenue was down -41.9 % compared to the same quarter past year. The firm's quarterly revenue was down 13.0% on a year-over-year basis. NY purchased a new stake in shares of Abraxas Petroleum Corporation during the fourth quarter worth about $233,000.

AXAS has been the subject of a number of research reports. 0 firms rating the stock a strong buy, 0 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, zero equity analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $1.68.

01/05/2017 - Abraxas Petroleum Corporation had its " rating reiterated by analysts at Canaccord Genuity. Seaport Global Securities raised shares of Abraxas Petroleum Corporation from an "accumulate" rating to a "buy" rating in a report on Wednesday, February 1st. HC Wainwright started coverage on Abraxas Petroleum Corporation in a report on Friday, October 21st. They set a "buy" rating and a $3.00 target price on the stock.

For the current week, the company shares have a recommendation consensus of Buy. The company has an average rating of "Buy" and an average target price of $2.54.

According to Zacks, "Abraxas Petroleum Corporation is an independent energy company engaged primarily in the acquisition, exploration, exploitation and production of crude oil and natural gas". They seek to complement their acquisition and development activities by selectively participating in exploration projects with experienced industry partners.

A total of 10 brokers have issued a research note on the company.

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