Ratings from TheStreet:
RECOMMENDATION
We rate ABRAXAS PETROLEUM CORP/NV (AXAS) a BUY. This is driven by a number of strengths, which we
believe should have a greater impact than any weaknesses, and should give investors a better performance
opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its
robust revenue growth, notable return on equity, expanding profit margins, solid stock price performance and
compelling growth in net income. We feel these strengths outweigh the fact that the company has had
generally high debt management risk by most measures that we evaluated.
HIGHLIGHTS
The revenue growth came in higher than the industry average of 7.5%. Since the same quarter one year prior,
revenues rose by 18.2%. Growth in the company's revenue appears to have helped boost the earnings per
share.
Powered by its strong earnings growth of 323.07% and other important driving factors, this stock has surged
by 142.72% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding
the stock's future course, although almost any stock can fall in a broad market decline, AXAS should
continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
The company's current return on equity greatly increased when compared to its ROE from the same quarter
one year prior. This is a signal of significant strength within the corporation. Compared to other companies in
the Oil, Gas & Consumable Fuels industry and the overall market, ABRAXAS PETROLEUM CORP/NV's return
on equity significantly exceeds that of both the industry average and the S&P 500.
42.17% is the gross profit margin for ABRAXAS PETROLEUM CORP/NV which we consider to be strong. It has
increased significantly from the same period last year. Along with this, the net profit margin of 119.73%
significantly outperformed against the industry average.
The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500
and the Oil, Gas & Consumable Fuels industry. The net income increased by 327.5% when compared to the
same quarter one year prior, rising from -$11.87 million to $27.00 million.
Sounds like it has a nice future.