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Abraxas Petroleum Corporation (AXAS)

OTCMKTS: AXAS · IEX Real-Time Price · USD
1.75 0.00 (0.00%)
Oct 25, 2021 3:40 PM EDT - Market closed
Market Cap14.74M
Revenue (ttm)60.44M
Net Income (ttm)-180.40M
Shares Out8.40M
EPS (ttm)-21.48
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume22,166
Open1.75
Previous Close1.75
Day's Range1.75 - 1.80
52-Week Range1.23 - 4.99
Beta3.57
AnalystsSell
Price Target3.00 (+71.4%)
Est. Earnings DateNov 9, 2021

About AXAS

Abraxas Petroleum Corporation, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of oil and gas properties in the United States. The company operates oil and gas assets in the Permian/Delaware Basin and the Rocky Mountain regions. As of December 31, 2020, its estimated net proved reserves were 16.8 million barrels of oil equivalent. The company was founded in 1977 and is based in San Antonio, Texas.

IndustryOil, Gas & Consumable Fuels
IPO DateMay 7, 1991
CEORobert Watson
Employees62
Stock ExchangeOTCMKTS
Ticker SymbolAXAS
Full Company Profile

Financial Performance

In 2020, AXAS's revenue was $43.04 million, a decrease of -66.67% compared to the previous year's $129.15 million. Losses were -$184.52 million, 183.9% more than in 2019.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for AXAS stock is "Sell." The 12-month stock price forecast is 3.00, which is an increase of 71.43% from the latest price.

Price Target
$3.00
(71.43% upside)
Analyst Consensus: Sell

News

2 Underperforming Stocks to Reduce

Shareholders of Abraxas Petroleum Corp ( AXAS , Financial) and Four Seasons Education (Cayman) Inc ( FEDU , Financial) have witnessed their ownerships going down in value dramatically over the past coup...

Other symbols:FEDU
5 months ago - GuruFocus

4 Top-Ranked Energy Stocks to Scoop Up Post Monday's Rally

DCP Midstream (DCP), Abraxas Petroleum (AXAS), Matador Resources (MTDR) and NuStar (NS) were up more than 10% yesterday with more gains ahead on a potential coronavirus treatment and revival in oil demand.

Other symbols:DCPMTDRNS
11 months ago - Zacks Investment Research

Abraxas Petroleum Regains Compliance with Nasdaq Continued Listing Standards

SAN ANTONIO--(BUSINESS WIRE)--Abraxas Petroleum Corporation (“Abraxas” or the “Company”) (NASDAQ:AXAS) today announced that on November 2, 2020 it received a confirmation letter from The NASDAQ Stock Ma...

11 months ago - Business Wire

Abraxas Recommences Strategic Alternatives Review

SAN ANTONIO--(BUSINESS WIRE)--Abraxas Petroleum Corporation (“Abraxas” or the “Company”) (NASDAQ:AXAS) today announced that its Board of Directors has determined to renew the strategic alternatives revi...

1 year ago - Business Wire

Abraxas Completes Refinancing Transactions

SAN ANTONIO--(BUSINESS WIRE)--Abraxas Petroleum Corporation (“Abraxas” or the “Company”) (NASDAQ:AXAS) today announced that it has completed the final elements of its recent refinancing transactions. As...

1 year ago - Business Wire

Abraxas Petroleum Receives NASDAQ Notice Regarding Non-Compliance with Continued Listing Standards

SAN ANTONIO--(BUSINESS WIRE)--Abraxas Petroleum Corporation (“Abraxas” or the “Company”) (NASDAQ: AXAS) today announced that on Wednesday, July 1, it received notice from The NASDAQ Stock Market LLC ("N...

1 year ago - Business Wire

Abraxas Petroleum: Second-Lien Term Loan Lenders Likely To Eventually End Up In Control

It appears that Angelo Gordon will essentially own Abraxas in the end.

1 year ago - Seeking Alpha

Energy ETFs & Stocks Jump in Thursday Trading

The energy sector bounced back strongly in Thursday's trading session as oil price rallied more than 25% on hopes of a truce in the Saudi-Russian oil price war and China buying crude.

Other symbols:FRAKFTSIFXNOIHXESXLE
1 year ago - Zacks Investment Research

Analysts Estimate Abraxas Petroleum (AXAS) to Report a Decline in Earnings: What to Look Out for

Abraxas (AXAS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 year ago - Zacks Investment Research

5 Energy ETFs & Stocks That Gained From Rebound in Oil Price

Oil price has shown a strong reversal in the past couple of days on signs of monetary and fiscal stimulus and anticipation of further production cuts.

1 year ago - Zacks Investment Research

Abraxas Petroleum Corporation (AXAS) CEO Bob Watson on Q3 2019 Results - Earnings Call Transcript

Abraxas Petroleum Corporation (AXAS) CEO Bob Watson on Q3 2019 Results - Earnings Call Transcript

1 year ago - Seeking Alpha

Abraxas Petroleum (AXAS) Misses Q3 Earnings and Revenue Estimates

Abraxas (AXAS) delivered earnings and revenue surprises of -50.00% and -7.65%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

1 year ago - Zacks Investment Research

Abraxas Petroleum: Looking Better

The management team at Abraxas Petroleum continues to make accretive transactions for the firm's sake.

2 years ago - Seeking Alpha

Abraxas Petroleum Corporation (AXAS) CEO Bob Watson on Q2 2019 Results - Earnings Call Transcript

Abraxas Petroleum Corporation (AXAS) CEO Bob Watson on Q2 2019 Results - Earnings Call Transcript

2 years ago - Seeking Alpha

Abraxas Petroleum (AXAS) Q2 Earnings Lag Estimates

Abraxas (AXAS) delivered earnings and revenue surprises of -50.00% and 5.52%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

2 years ago - Zacks Investment Research

Abraxas Petroleum (AXAS) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Abraxas (AXAS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 years ago - Zacks Investment Research

Abraxas Petroleum: Appears To Be A Solid Value Again Despite Some Recent Challenges

Abraxas's production has been as expected so far, although it now shut in West Texas dry gas production due to low regional prices.

2 years ago - Seeking Alpha

Should Value Investors Pick Abraxas Petroleum (AXAS) Stock?

Is Abraxas Petroleum (AXAS) a great pick from the value investor's perspective right now? Read on to know more.

2 years ago - Zacks Investment Research

Abraxas Petroleum Corporation (AXAS) CEO Bob Watson on Q1 2019 Results - Earnings Call Transcript

Abraxas Petroleum Corporation (AXAS) CEO Bob Watson on Q1 2019 Results - Earnings Call Transcript

2 years ago - Seeking Alpha

Abraxas Petroleum (AXAS) Q1 Earnings Lag Estimates

Abraxas (AXAS) delivered earnings and revenue surprises of -33.33% and 9.05%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?

2 years ago - Zacks Investment Research

Abraxas Petroleum (AXAS) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

Abraxas (AXAS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 years ago - Zacks Investment Research

Abraxas Petroleum Corporation (AXAS) CEO Bob Watson on Q4 2018 Results - Earnings Call Transcript

Abraxas Petroleum Corporation (AXAS) CEO Bob Watson on Q4 2018 Results - Earnings Call Transcript

2 years ago - Seeking Alpha