Stock price performance of Abraxas Petroleum Corporation is analyzed for various periods using several stock trading signals. In this case, The stock price has rallied 42.78% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 70.35% . Looking at the past 52 week period, the stock price is up at 166.37% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Abraxas Petroleum Corporation has a positive value of 154.46 compared to overall market. For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a 20-day Moving Average of 5.53% and the 50-Day Moving Average is 6.11%.The 200 Day SMA reached 55.99%
Abraxas Petroleum Corporation is having a Relative Strength Index of 46.52 which indicates the stock is not yet over sold or over bought based on the technical indicators. Abraxas Petroleum Corporation (NASDAQ:AXAS) has tumbled 2.37% during the past week and has dropped 11.15% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.49%. Abraxas Petroleum Corporation (NASDAQ:AXAS) has underperformed the index by 11.94% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Company has reported several Insider transactions to the SEC, on Jun 2, 2016, Edward Russell (director) purchased 4,000 shares at 1.08 per share price.On Mar 28, 2016, Peter A. Bommer (VP – Engineering) purchased 8,138 shares at 1.14 per share price.On Aug 25, 2015, George William Jr Krog (Chief Accounting Officer) purchased 10,000 shares at 1.56 per share price.
Abraxas Petroleum Corp. Last issued its quarterly earnings results on Aug 9, 2016. The company reported $-0.05 EPS for the quarter, missing the analyst consensus estimate by $ -0.05. Analyst had a consensus of $0.00. The company had revenue of $11.00 million for the quarter, compared to analysts expectations of $12.26 million. The companys revenue was down -41.9 % compared to the same quarter last year.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Upgraded by Stifel on Jan 20, 2017 to Buy, Raises Price Target to $ 3.50 from a previous price target of $3 .
Abraxas Petroleum Corporation (NASDAQ:AXAS) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.01 points or 0.4% at $2.47 with 3,042,142 shares getting traded. Post opening the session at $2.48, the shares hit an intraday low of $2.47 and an intraday high of $2.52 and the price was in this range throughout the day. The company has a market cap of $405 million and the number of outstanding shares has been calculated to be 163,844,020 shares. The 52-week high of Abraxas Petroleum Corporation (NASDAQ:AXAS) is $2.99 and the 52-week low is $0.755.
Abraxas Petroleum Corporation is an independent energy company engaged primarily in the acquisition, exploration, exploitation and production of crude oil and natural gas. They seek to complement their acquisition and development activities by selectively participating in exploration projects with experienced industry partners.