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

Investors sentiment increased to 0.95 in 2019 Q2. Its up 0.10, from 0.85 in 2019Q1. It improved, as 14 investors sold Abraxas Petroleum Corporation shares while 29 reduced holdings. 11 funds opened positions while 30 raised stakes. 81.14 million shares or 1.93% less from 82.74 million shares in 2019Q1 were reported.
Moreover, Northwestern Mutual Wealth Mgmt has 0% invested in Abraxas Petroleum Corporation (NASDAQ:AXAS) for 600 shares. D E Shaw Co Inc invested in 0% or 574,485 shares. Thrivent Financial For Lutherans invested in 275,181 shares. Parametric Portfolio Associates reported 110,450 shares. Crow Point Prtn Limited Liability Corp accumulated 107,376 shares. Monarch Prns Asset Mgmt Lc reported 385,952 shares or 0.06% of all its holdings. Lsv Asset Mngmt reported 619,100 shares. Wells Fargo Commerce Mn accumulated 0% or 263,325 shares. Tower Research Cap Ltd Liability Corporation (Trc) holds 0% in Abraxas Petroleum Corporation (NASDAQ:AXAS) or 9,666 shares. Brandywine Glob Inv Mngmt Limited owns 2.33M shares or 0.02% of their US portfolio. Blb&B Advsrs Ltd Llc reported 0.17% in Abraxas Petroleum Corporation (NASDAQ:AXAS). State Street Corporation holds 0% or 2.72M shares in its portfolio. Gsa Capital Prtnrs Limited Liability Partnership has invested 0% in Abraxas Petroleum Corporation (NASDAQ:AXAS). Portolan Capital Management Limited Liability Corporation, Massachusetts-based fund reported 7.45 million shares. Geode Capital Mngmt Lc owns 2.27M shares or 0% of their US portfolio.

Abraxas Petroleum Corporation (NASDAQ:AXAS) Ratings Coverage

Among 2 analysts covering Abraxas Petroleum (NASDAQ:AXAS), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Abraxas Petroleum has $2.5000 highest and $100 lowest target. $1.75’s average target is 369.17% above currents $0.373 stock price. Abraxas Petroleum had 3 analyst reports since August 14, 2019 according to SRatingsIntel. Ladenburg Thalmann downgraded Abraxas Petroleum Corporation (NASDAQ:AXAS) on Monday, August 26 to “Neutral” rating. Canaccord Genuity downgraded it to “Speculative Buy” rating and $2.5000 target in Wednesday, August 14 report. Below is a list of Abraxas Petroleum Corporation (NASDAQ:AXAS) latest ratings and price target changes.

10/10/2019 Broker: Seaport Global Old Rating: Buy New Rating: Neutral Downgrade
26/08/2019 Broker: Ladenburg Thalmann Old Rating: Buy New Rating: Neutral Old Target: $2.0000 New Target: $1.0000 Downgrade
14/08/2019 Broker: Canaccord Genuity Old Rating: Buy New Rating: Speculative Buy New Target: $2.5000 Downgrade

The stock increased 1.22% or $0.0045 during the last trading session, reaching $0.373. About 977,440 shares traded. Abraxas Petroleum Corporation (NASDAQ:AXAS) has declined 66.65% since October 12, 2018 and is downtrending. It has underperformed by 66.65% 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 $62.83 million. The firm operates gas and oil assets in the Permian/Delaware Basin, the Rocky Mountain, and South Texas regions. It has a 1.43 P/E ratio. As of December 31, 2016, its estimated net proved reserves were 44.7 million barrels of oil equivalent.

More notable recent Abraxas Petroleum Corporation (NASDAQ:AXAS) news were published by: Bizjournals.com which released: “Shut in wells put Abraxas Petroleum in the red during second quarter – San Antonio Business Journal” on August 08, 2018, also Seekingalpha.com with their article: “Stocks To Watch: Disney+ And Bank Majors Step Out – Seeking Alpha” published on April 06, 2019, Businesswire.com published: “Abraxas Provides Second Quarter 2019 Conference Call Information – Business Wire” on July 22, 2019. More interesting news about Abraxas Petroleum Corporation (NASDAQ:AXAS) were released by: Finance.Yahoo.com and their article: “Abraxas Petroleum Corporation (NASDAQ:AXAS) Earns Among The Best Returns In Its Industry – Yahoo Finance” published on July 19, 2019 as well as Finance.Yahoo.com‘s news article titled: “Should Value Investors Pick Abraxas Petroleum (AXAS) Stock? – Yahoo Finance” with publication date: May 13, 2019.

Abraxas Petroleum Corporation (NASDAQ:AXAS) Institutional Positions Chart

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