Abraxas Petroleum (AXAS) Earning Somewhat Positive Media Coverage, Accern Reports

News headlines about Abraxas Petroleum (NASDAQ:AXAS) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Abraxas Petroleum earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave headlines about the energy company an impact score of 46.2124856011343 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the media stories that may have impacted Accern Sentiment’s rankings:

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Several equities research analysts have weighed in on the company. BidaskClub raised Abraxas Petroleum from a “hold” rating to a “buy” rating in a research report on Friday, April 13th. Canaccord Genuity reaffirmed a “buy” rating and set a $3.00 price target on shares of Abraxas Petroleum in a research report on Wednesday, January 24th. Stifel Nicolaus increased their price target on Abraxas Petroleum from $3.10 to $3.30 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Finally, Robert W. Baird raised Abraxas Petroleum from a “neutral” rating to an “outperform” rating and set a $3.00 price target on the stock in a research report on Tuesday, December 19th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $3.09.

Shares of AXAS opened at $2.79 on Wednesday. The stock has a market cap of $442.96, a price-to-earnings ratio of 23.25 and a beta of 1.34. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.50 and a current ratio of 0.50. Abraxas Petroleum has a fifty-two week low of $1.45 and a fifty-two week high of $2.80.

Abraxas Petroleum (NASDAQ:AXAS) last announced its quarterly earnings results on Tuesday, March 13th. The energy company reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. The company had revenue of $29.60 million for the quarter, compared to the consensus estimate of $28.86 million. Abraxas Petroleum had a return on equity of 19.32% and a net margin of 18.56%. The firm’s revenue for the quarter was up 34.5% compared to the same quarter last year. During the same period last year, the firm earned $0.01 EPS. analysts expect that Abraxas Petroleum will post 0.41 EPS for the current year.

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Abraxas Petroleum Company Profile

Abraxas Petroleum Corporation, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of oil and gas properties in the United States. The company operates oil and gas assets in the Permian/Delaware Basin, the Rocky Mountain, and South Texas regions.

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