News articles about Abraxas Petroleum (NASDAQ:AXAS) have trended somewhat positive this week, Accern reports. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Abraxas Petroleum earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave media coverage about the energy company an impact score of 45.2935775972799 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
AXAS has been the topic of a number of research analyst reports. Canaccord Genuity reaffirmed a “buy” rating and issued a $4.00 price target on shares of Abraxas Petroleum in a research note on Tuesday, March 13th. BidaskClub lowered Abraxas Petroleum from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 30th. Stifel Nicolaus boosted their price objective on Abraxas Petroleum from $3.10 to $3.30 and gave the stock a “buy” rating in a research note 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 objective on the stock in a research note on Tuesday, December 19th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Abraxas Petroleum has a consensus rating of “Buy” and an average target price of $3.09.
AXAS stock traded up $0.24 during midday trading on Wednesday, reaching $2.28. The company’s stock had a trading volume of 1,467,267 shares, compared to its average volume of 1,105,147. The firm has a market capitalization of $343.39, a price-to-earnings ratio of 20.73 and a beta of 1.44. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.50 and a quick ratio of 0.48. Abraxas Petroleum has a one year low of $1.45 and a one year high of $2.74.
About Abraxas Petroleum
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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