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Sunday, 12/06/2015 12:33:55 AM

Sunday, December 06, 2015 12:33:55 AM

Post# of 974
Abraxas Petroleum Corporation (NASDAQ:AXAS) stock has received a short term price target of $ 3.09 from 7 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $2.08. The higher estimate of target price is $8 , while the lower price target estimate is $2

For the current week, the company shares have a recommendation consensus of Buy. Many analysts have commented on the company rating. Imperial Capital maintains its rating on Abraxas Petroleum Corporation (NASDAQ:AXAS). The global brokerage major lowers the current price target from $3 per share to $1.75 per share. Analysts at the Imperial Capital have a current rating of In-line on the shares. The rating by the firm was issued on September 11, 2015.

Shares of Abraxas Petroleum Corp. appreciated by 4.48% during the last five trading days but lost 17.65% on a 4-week basis. Abraxas Petroleum Corp. has dropped 13.58% during the last 3-month period . Year-to-Date the stock performance stands at -52.38%.

On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chief Accounting Officer) of Abraxas Petroleum Corp, Krog George William Jr, had purchased 10,000 shares in a transaction dated on August 25, 2015. The transaction was executed at $1.56 per share with total amount equaling $15,600.

Abraxas Petroleum Corporation (NASDAQ:AXAS) witnessed a volatile trading activity on Wednesday and eventually ended flat at 0% or 0 points without letting the bulls or bears take much advantage. The trading began at $1.41 and reached the intraday high at $1.44. The bulls started the profit booking and pushed the shares to intraday low of $1.35. The trading session was marked by a volume range of 478,947 shares exchanging hands. The 52-week high of the shares is $4.45 and the 52-week low is $1.2. The market cap of the company stands at $149 million and there are 106,346,001 shares in public circulation.

Abraxas Petroleum Corporation is an independent energy company primarily engaged in the acquisition, exploitation, development and production of oil and gas in the United States and Canada. As of December 31, 2011, the Companys estimated net proved reserves were 29.0 million barrels of oil equivalent (MMBoe), (including reserves attributable to its 34.7% equity interest in the proved reserves of Blue Eagle), of which 53% were classified as proved developed, 54% were oil and natural gas liquids (NGLs) and 94% by PV-10 were operated. Its daily net production during the year ended December 31, 2011, was 3,484 barrels of oil equivalent per day, of which 45% was oil or liquids. Its oil and gas assets are located in four operating regions in the United States, the Rocky Mountain, Mid-Continent, Permian Basin and onshore Gulf Coast, and in the province of Alberta, Canada.

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