Abraxas Petroleum Corp. (NASDAQ:AXAS) Given Average Recommendation of “Hold” by Brokerages
Abraxas Petroleum Corp. (NASDAQ:AXAS) has earned an average rating of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell rating and five have issued a hold rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $1.00.
AXAS has been the topic of a number of research reports. Stephens lowered Abraxas Petroleum from an “equal weight” rating to an “underweight” rating in a research report on Friday, March 20th. Zacks Investment Research downgraded Abraxas Petroleum from a “buy” rating to a “sell” rating in a report on Wednesday, July 1st. Canaccord Genuity reaffirmed a “hold” rating on shares of Abraxas Petroleum in a report on Tuesday, March 17th. Finally, ValuEngine downgraded Abraxas Petroleum from a “hold” rating to a “sell” rating in a report on Thursday.
AXAS stock traded up $0.02 during midday trading on Friday, reaching $0.22. 5,670,300 shares of the stock were exchanged, compared to its average volume of 6,806,143. The stock has a market capitalization of $33.29 million, a PE ratio of 0.63 and a beta of 3.47. Abraxas Petroleum has a 52 week low of $0.09 and a 52 week high of $1.08. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.42 and a quick ratio of 0.42. The company has a fifty day moving average price of $0.25 and a 200 day moving average price of $0.24.
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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