Discussion stirs around Abraxas Petroleum Corporation (NASDAQ:AXAS) this week; here is what analysts are saying.

September 30, 2018 - By Megan Stone

Investors sentiment increased to 1.65 in Q2 2018. Its up 0.79, from 0.86 in 2018Q1. It is positive, as 10 investors sold Abraxas Petroleum Corporation shares while 39 reduced holdings. 29 funds opened positions while 52 raised stakes. 90.69 million shares or 8.77% more from 83.38 million shares in 2018Q1 were reported.
Mycio Wealth Partners Ltd Llc has 0.02% invested in Abraxas Petroleum Corporation (NASDAQ:AXAS) for 54,686 shares. Proshare Advsr Limited Company has invested 0% in Abraxas Petroleum Corporation (NASDAQ:AXAS). Ny State Common Retirement Fund invested in 166,700 shares. Victory Mngmt has invested 0% of its portfolio in Abraxas Petroleum Corporation (NASDAQ:AXAS). Moreover, Jefferies Group Inc Limited Liability Corp has 0% invested in Abraxas Petroleum Corporation (NASDAQ:AXAS) for 14,000 shares. Moreover, Utd Ser Automobile Association has 0% invested in Abraxas Petroleum Corporation (NASDAQ:AXAS). 69,594 were reported by Citigroup. Sei, a Pennsylvania-based fund reported 215 shares. Mangrove stated it has 3.70M shares. State Street stated it has 0% in Abraxas Petroleum Corporation (NASDAQ:AXAS). 526,914 were reported by Lyon Street Ltd Liability Corporation. Oppenheimer reported 0% of its portfolio in Abraxas Petroleum Corporation (NASDAQ:AXAS). Aqr Cap Llc holds 0.01% in Abraxas Petroleum Corporation (NASDAQ:AXAS) or 2.33 million shares. 43,541 are owned by D E Shaw & Company. Cortina Asset Management Ltd Liability Company holds 0.31% or 2.29M shares.

Since April 4, 2018, it had 7 buys, and 0 selling transactions for $94,183 activity. WENDEL STEPHEN T also bought $15,728 worth of Abraxas Petroleum Corporation (NASDAQ:AXAS) on Wednesday, April 4. $9,464 worth of Abraxas Petroleum Corporation (NASDAQ:AXAS) shares were bought by Bommer Peter A.. $16,654 worth of Abraxas Petroleum Corporation (NASDAQ:AXAS) was bought by King Geoffrey R.. $9,478 worth of Abraxas Petroleum Corporation (NASDAQ:AXAS) was bought by Schwartz Dirk A. Clarke Tod A had bought 4,729 shares worth $10,404 on Wednesday, April 4. The insider WALLACE WILLIAM H bought 7,274 shares worth $16,003.

Abraxas Petroleum Corporation (NASDAQ:AXAS) Ratings Coverage

Among 2 analysts covering Abraxas Petroleum Corp (NASDAQ:AXAS), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Abraxas Petroleum Corp had 3 analyst reports since April 23, 2018 according to SRatingsIntel. Canaccord Genuity maintained the stock with “Buy” rating in Tuesday, May 8 report. Stifel Nicolaus maintained Abraxas Petroleum Corporation (NASDAQ:AXAS) rating on Wednesday, May 9. Stifel Nicolaus has “Buy” rating and $4.7 target. The rating was maintained by Stifel Nicolaus on Monday, April 23 with “Buy”. Below is a list of Abraxas Petroleum Corporation (NASDAQ:AXAS) latest ratings and price target changes.

09/05/2018 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Buy Old Target: $4.8 New Target: $4.7 Maintain
08/05/2018 Broker: Canaccord Genuity Rating: Buy New Target: $3.5000 Maintain
23/04/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $4.8000 Maintain

The stock increased 2.19% or $0.05 during the last trading session, reaching $2.33. About 658,179 shares traded. Abraxas Petroleum Corporation (NASDAQ:AXAS) has risen 41.10% since September 30, 2017 and is uptrending. It has outperformed by 25.48% the S&P500.

Abraxas Petroleum Corporation, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of gas and oil properties in the United States. The company has market cap of $385.12 million. The firm operates gas and oil assets in the Permian/Delaware Basin, the Rocky Mountain, and South Texas regions. It currently has negative earnings. As of December 31, 2016, its estimated net proved reserves were 44.7 million barrels of oil equivalent.

Abraxas Petroleum Corporation (NASDAQ:AXAS) Institutional Positions Chart

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