News analysis about Abraxas Petroleum Corporation (NASDAQ:AXAS) has gained fairly positive last few days, according to Accern trend. The analysis company ranks negative and positive media analysis by studying larger than twenty million public financial documents, market websites and SEC sources. Accern grades analysis of large corporations ranging from -1 to 1, with ranks nearest to 1 is considered more positive. Abraxas Petroleum Corporation earned a Day to day impact score of 0.09 on Accern’s range. Accern issued press articles about the energy company a media impact point of 45.7417860693335 out of 100, pointing that most recent media headlines is fairly unlikely to affect on the stock’s share value next few days.
Many brokerage firm analysts have quite recently commented on the share. Research Firm Zacks boosted Abraxas Petroleum Corporation from a “strong sell” recommendation to a “hold” recommendation in a study on Fri, Aug 18th. Canaccord Genuity initiated coverage on stocks of Abraxas Petroleum Corporation in a note on Mon, Jul 24th. Analyst fixed “buy” recommendation and a $2.50 PT on the shares. Stifel Nicolaus reissued a “buy” recommendation and fixed a $2.40 target price on stock of Abraxas Petroleum Corporation in a note on Fri, Jul 14th. TheStreet boosted Abraxas Petroleum Corporation from a “d” recommendation to a “c-” recommendation in a study on Tue, Aug 8th. Lastly, Seaport Global Securities boosted Abraxas Petroleum Corporation from a “neutral” recommendation to a “buy” recommendation and upped their target price for The corporation from $2.00 to $2.50 in a note on Fri, Aug 11th. 1 equity analyst has recommended the share with a sell recommendation, 1 has released a hold recommendation and five have issued a buy recommendation to the firms shares. Abraxas Petroleum Corporation has a consensus rating of “Buy” and an consensus price target of $2.60.
A few press articles that May have impacted Accern trend Analysis’s scoring:
Abraxas Petroleum Corporation (NASDAQ AXAS) declined 3.57% throughout intraday market trading on early Fri, topping $1.89. 598,357 stocks of the company were exchanged. Company has a valuation of $306.85 M, a price to earnings ratio of 22.50 along with a stock beta of 1.46. Abraxas Petroleum Corporation has a 52 week low of $1.45 and a 52 week high of $2.99. The 50 day SMA of the stock is of $1.77 along with a 200 – day SMA of $1.81.
Abraxas Petroleum Corporation (NASDAQ:AXAS) previously released its fiscal periodic earnings information on early Tue, Aug 8th. The energy business posted $0.01 Earnings per share for the period, falling below brokerage firms expectations of $0.02 by ($0.01). Abraxas Petroleum Corporation had a ROE of 7.68% and a net profit margin of 18.14%. The company posted earnings of $13.15 M for the period compared to the average forecast of $16.70 M. on consensus, Stock analysts expect that Abraxas Petroleum Corporation to post $0.14 EPS for the present financial year.