Somewhat Positive Media Coverage Somewhat Unlikely to Affect Abraxas Petroleum (AXAS) Stock Price

Press coverage about Abraxas Petroleum (NASDAQ:AXAS) has been trending somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Abraxas Petroleum earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned news articles about the energy company an impact score of 46.3103706429245 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Several research analysts have weighed in on the stock. Seaport Global Securities upgraded shares of Abraxas Petroleum from a “neutral” rating to a “buy” rating and increased their price target for the stock from $2.00 to $2.50 in a research report on Friday, August 11th. TheStreet raised shares of Abraxas Petroleum from a “d” rating to a “c-” rating in a research note on Tuesday, August 8th. Zacks Investment Research raised shares of Abraxas Petroleum from a “strong sell” rating to a “hold” rating in a research note on Friday, August 18th. Stifel Nicolaus set a $2.00 price objective on shares of Abraxas Petroleum and gave the stock a “buy” rating in a research note on Thursday, October 5th. Finally, Canaccord Genuity reissued a “buy” rating on shares of Abraxas Petroleum in a research note on Friday, September 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $2.31.

Abraxas Petroleum (NASDAQ:AXAS) opened at $2.15 on Monday. The firm has a market cap of $356.66, a price-to-earnings ratio of 23.89 and a beta of 1.43. Abraxas Petroleum has a 52 week low of $1.45 and a 52 week high of $2.99. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.48 and a current ratio of 0.48.

Abraxas Petroleum (NASDAQ:AXAS) last issued its quarterly earnings data on Tuesday, November 7th. The energy company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Abraxas Petroleum had a return on equity of 17.00% and a net margin of 18.83%. The business had revenue of $24.70 million during the quarter, compared to analysts’ expectations of $25.38 million. During the same period in the previous year, the business earned ($0.02) earnings per share. The business’s quarterly revenue was up 76.4% on a year-over-year basis. equities analysts predict that Abraxas Petroleum will post 0.15 EPS for the current fiscal year.

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Abraxas Petroleum Company Profile

Abraxas Petroleum Corporation is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and gas. As of December 31, 2016, the Company’s estimated net proved reserves were 44.7 million barrels of oil equivalent (MMBoe), of which 33.6% were classified as proved developed, 74% were oil and natural gas liquids (NGL), and 95% of which (on a PV-10 basis) were operated by the Company.

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