Abraxas Petroleum Corp. (NASDAQ:AXAS) saw an uptick in trading volume on Thursday . 12,499,971 shares traded hands during trading, an increase of 335% from the previous session’s volume of 2,874,742 shares.The stock last traded at $0.16 and had previously closed at $0.14.
A number of analysts recently issued reports on AXAS shares. TheStreet downgraded shares of Abraxas Petroleum from a “c-” rating to a “d+” rating in a research report on Wednesday, February 5th. ValuEngine downgraded shares of Abraxas Petroleum from a “sell” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. Zacks Investment Research raised shares of Abraxas Petroleum from a “sell” rating to a “hold” rating in a research report on Monday, March 30th. Stifel Nicolaus downgraded shares of Abraxas Petroleum from a “buy” rating to a “hold” rating in a research report on Monday, March 9th. Finally, Stephens downgraded shares of Abraxas Petroleum from an “equal weight” rating to an “underweight” rating in a research report on Friday, March 20th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $1.00.
The company has a market capitalization of $26.69 million, a PE ratio of 0.45 and a beta of 2.03. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 0.74. The company has a 50 day moving average price of $0.15 and a 200 day moving average price of $0.28.
About Abraxas Petroleum (NASDAQ: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, the Rocky Mountain, and South Texas regions.
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