Zacks reiterated their buy rating on shares of Abraxas Petroleum Corp. (NASDAQ:AXAS) in a research report sent to investors on Thursday morning, Stock Ratings News reports. The firm currently has a $2.80 price target on the stock.
Zacks has also updated their ratings on a number of other energy stocks in the last week. The firm reiterated its neutral rating on shares of Williams Companies Inc. They have a $38.00 price target on that stock. Also, Zacks upgraded shares of Swift Energy Co. from a neutral rating to an outperform rating. Zacks now has a $13.90 price target on that stock. Finally, Zacks downgraded shares of Emerald Oil Inc. from a neutral rating to an underperform rating. Their analysts now have a $6.90 price target on that stock.
Abraxas Petroleum Corp. (NASDAQ:AXAS) traded down 0.34% during mid-day trading on Thursday, hitting $2.96. The stock had a trading volume of 387,754 shares. Abraxas Petroleum Corp. has a 52 week low of $1.56 and a 52 week high of $3.04. The stock has a 50-day moving average of $2.5 and a 200-day moving average of $2.38. The company’s market cap is $273.4 million.
Abraxas Petroleum Corp. (NASDAQ:AXAS) last announced its earnings results on Thursday, August 8th. The company reported $0.03 earnings per share for the quarter, beating the analysts’ 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. On average, analysts predict that Abraxas Petroleum Corp. will post $0.14 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at SunTrust raised their price target on shares of Abraxas Petroleum Corp. from $2.85 to $2.90 in a research note to investors on Thursday. They now have a neutral rating on the stock. Separately, 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. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Abraxas Petroleum Corp. presently has an average rating of Hold and a consensus price target of $2.65.
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.
To view Zacks’ full report, visit www.zacks.com
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