Croft Leominster Inc. maintained its position in shares of Abraxas Petroleum Corporation (NASDAQ:AXAS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,000 shares of the energy company’s stock at the close of the 2nd quarter. Croft Leominster Inc.’s holdings in Abraxas Petroleum Corporation were worth $143,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Acadian Asset Management LLC bought a new stake in Abraxas Petroleum Corporation in the 2nd quarter valued at $109,000. Susquehanna International Group LLP lifted its position in Abraxas Petroleum Corporation by 73.0% in the 2nd quarter. Susquehanna International Group LLP now owns 67,792 shares of the energy company’s stock valued at $110,000 after acquiring an additional 28,606 shares in the last quarter. Voya Investment Management LLC lifted its position in Abraxas Petroleum Corporation by 24.5% in the 2nd quarter. Voya Investment Management LLC now owns 73,546 shares of the energy company’s stock valued at $119,000 after acquiring an additional 14,483 shares in the last quarter. Tudor Investment Corp ET AL lifted its position in Abraxas Petroleum Corporation by 92.2% in the 1st quarter. Tudor Investment Corp ET AL now owns 79,586 shares of the energy company’s stock valued at $161,000 after acquiring an additional 38,179 shares in the last quarter. Finally, American International Group Inc. lifted its position in Abraxas Petroleum Corporation by 24.9% in the 1st quarter. American International Group Inc. now owns 88,695 shares of the energy company’s stock valued at $179,000 after acquiring an additional 17,674 shares in the last quarter. 44.49% of the stock is currently owned by institutional investors and hedge funds.
Shares of Abraxas Petroleum Corporation (NASDAQ:AXAS) traded up 2.193% during midday trading on Friday, reaching $1.911. 357,153 shares of the company’s stock traded hands. The company has a 50 day moving average of $1.80 and a 200 day moving average of $1.80. Abraxas Petroleum Corporation has a 52-week low of $1.45 and a 52-week high of $2.99. The firm has a market cap of $310.26 million, a PE ratio of 22.750 and a beta of 1.46.
Abraxas Petroleum Corporation (NASDAQ:AXAS) last released its quarterly earnings data on Tuesday, August 8th. The energy company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $16.70 million. On average, equities analysts predict that Abraxas Petroleum Corporation will post $0.14 EPS for the current fiscal year.
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Several equities research analysts recently commented on AXAS shares. Zacks Investment Research raised shares of 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 Wednesday. Stifel Nicolaus set a $2.00 price objective on shares of Abraxas Petroleum Corporation and gave the company a “buy” rating in a research report on Thursday, October 5th. Canaccord Genuity reaffirmed a “buy” rating on shares of Abraxas Petroleum Corporation in a research report on Friday, September 8th. Seaport Global Securities raised shares of Abraxas Petroleum Corporation from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $2.00 to $2.50 in a research report on Friday, August 11th. Finally, TheStreet upgraded shares of Abraxas Petroleum Corporation from a “d” rating to a “c-” rating in a research note on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. Abraxas Petroleum Corporation presently has a consensus rating of “Buy” and a consensus target price of $2.54.
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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