Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Abraxas Petroleum Corporation (AXAS) Stock Price

Headlines about Abraxas Petroleum Corporation (NASDAQ:AXAS) have trended somewhat positive on Tuesday, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Abraxas Petroleum Corporation earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave news coverage about the energy company an impact score of 45.6866678967364 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:

Shares of Abraxas Petroleum Corporation (NASDAQ AXAS) traded down 1.21% during mid-day trading on Tuesday, hitting $1.63. The company’s stock had a trading volume of 641,672 shares. Abraxas Petroleum Corporation has a 52-week low of $1.41 and a 52-week high of $2.99. The stock’s 50 day moving average price is $1.69 and its 200 day moving average price is $1.82. The company has a market cap of $264.64 million, a price-to-earnings ratio of 19.40 and a beta of 1.48.

Abraxas Petroleum Corporation (NASDAQ:AXAS) last issued its earnings results on Tuesday, August 8th. The energy company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). Abraxas Petroleum Corporation had a net margin of 18.14% and a return on equity of 7.68%. The business had revenue of $13.15 million for the quarter, compared to analysts’ expectations of $16.70 million. Equities analysts forecast that Abraxas Petroleum Corporation will post $0.14 EPS for the current year.

AXAS has been the topic of several research analyst reports. Stifel Nicolaus reissued a “buy” rating and issued a $2.20 price objective on shares of Abraxas Petroleum Corporation in a research report on Sunday, September 3rd. Zacks Investment Research raised Abraxas Petroleum Corporation from a “hold” rating to a “buy” rating and set a $2.25 price objective on the stock in a research report on Monday, May 29th. Seaport Global Securities cut Abraxas Petroleum Corporation from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $3.25 to $2.00 in a research report on Wednesday, June 21st. BidaskClub cut Abraxas Petroleum Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, Canaccord Genuity reissued a “buy” rating on shares of Abraxas Petroleum Corporation in a research report on Friday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $2.58.

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Abraxas Petroleum Corporation 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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