GSA Capital Partners LLP trimmed its holdings in shares of Abraxas Petroleum Corp. (NASDAQ:AXAS) by 24.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 400,421 shares of the energy company’s stock after selling 126,479 shares during the period. GSA Capital Partners LLP owned about 0.24% of Abraxas Petroleum worth $1,157,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Deutsche Bank AG boosted its position in shares of Abraxas Petroleum by 106.4% during the fourth quarter. Deutsche Bank AG now owns 346,269 shares of the energy company’s stock worth $851,000 after buying an additional 178,495 shares during the period. Wells Fargo & Company MN boosted its position in shares of Abraxas Petroleum by 12.3% during the first quarter. Wells Fargo & Company MN now owns 501,393 shares of the energy company’s stock worth $1,113,000 after buying an additional 54,905 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Abraxas Petroleum by 29.3% during the first quarter. Thrivent Financial for Lutherans now owns 648,178 shares of the energy company’s stock worth $1,439,000 after buying an additional 146,857 shares during the period. Sowell Financial Services LLC purchased a new position in shares of Abraxas Petroleum during the first quarter worth $156,000. Finally, Heartland Advisors Inc. boosted its position in shares of Abraxas Petroleum by 32.2% during the first quarter. Heartland Advisors Inc. now owns 2,199,500 shares of the energy company’s stock worth $4,883,000 after buying an additional 535,300 shares during the period. Hedge funds and other institutional investors own 59.73% of the company’s stock.
Several research analysts have recently commented on the company. Canaccord Genuity restated a “buy” rating and set a $3.50 price target on shares of Abraxas Petroleum in a research report on Tuesday, August 28th. TheStreet lowered Abraxas Petroleum from a “c” rating to a “d+” rating in a research report on Wednesday, August 8th. BidaskClub lowered Abraxas Petroleum from a “hold” rating to a “sell” rating in a research report on Saturday, August 4th. ValuEngine lowered Abraxas Petroleum from a “hold” rating to a “sell” rating in a research report on Monday, July 30th. Finally, Seaport Global Securities restated a “buy” rating on shares of Abraxas Petroleum in a research report on Friday, July 20th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $3.44.
AXAS opened at $2.32 on Thursday. The firm has a market cap of $375.11 million, a PE ratio of 11.84 and a beta of 1.05. Abraxas Petroleum Corp. has a 52 week low of $1.59 and a 52 week high of $3.27. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 1.07.
Abraxas Petroleum (NASDAQ:AXAS) last released its earnings results on Tuesday, August 7th. The energy company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.03). The company had revenue of $30.92 million during the quarter, compared to analysts’ expectations of $31.93 million. Abraxas Petroleum had a negative net margin of 3.70% and a positive return on equity of 28.33%. equities research analysts predict that Abraxas Petroleum Corp. will post 0.28 earnings per share for the current fiscal year.
About Abraxas Petroleum
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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