Abraxas Petroleum Corp. (NASDAQ:AXAS) had its price objective raised by SunTrust from $2.85 to $2.90 in a research report released on Thursday morning, ARN reports. SunTrust currently has a neutral rating on the stock.
SunTrust has also modified their ratings on a number of other energy stocks in the few days. The firm raised its price target on shares of Resolute Energy Corp. from $9.00 to $10.00. They have a neutral rating on that stock. Also, SunTrust raised its price target on shares of Pioneer Natural Resources Co. from $218.00 to $228.00. They have a buy rating on that stock. Finally, SunTrust raised its price target on shares of Laredo Petroleum Holdings Inc. from $30.00 to $32.00. They have a neutral rating on that stock.
Several other analysts have also recently commented on the stock. Analysts at TheStreet upgraded shares of Abraxas Petroleum Corp. from a sell rating to a hold rating in a research note to investors on Monday, September 2nd. Separately, analysts at Zacks upgraded shares of Abraxas Petroleum Corp. from a neutral rating to an outperform rating in a research note to investors on Monday, August 19th. They now have a $2.80 price target on the stock. Finally, analysts at Sidoti upgraded shares of Abraxas Petroleum Corp. from a neutral rating to a buy rating in a research note to investors on Monday, July 15th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $2.65.
Shares of Abraxas Petroleum Corp. (NASDAQ:AXAS) opened at 2.97 on Thursday. Abraxas Petroleum Corp. has a 52-week low of $1.56 and a 52-week high of $3.04. The stock’s 50-day moving average is $2.5 and its 200-day moving average is $2.38. The company’s market cap is $274.3 million.
Abraxas Petroleum Corp. (NASDAQ:AXAS) last released its earnings data on Thursday, August 8th. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.01. The company had revenue of $21.50 million for the quarter, compared to the consensus estimate of $22.51 million. Analysts expect that Abraxas Petroleum Corp. will post $0.14 EPS for the current fiscal year.
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.
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