Buy, Sell or Hold? before and after EPS results Abraxas Petroleum Corp. (NASDAQ:AXAS)

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Earnings results for Abraxas Petroleum Corp. (NASDAQ:AXAS)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingMar 2020 , the consensus EPS* forecast has remained the same over the past week at 0.02 and remained the same over the past month at 0.02. none raised and none lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has remained the same over the past week at 0.07 and remained the same over the past month at 0.07 . none raised and none lowered their forecast.

Analyst Opinion on Abraxas Petroleum Corp. (NASDAQ:AXAS)

6 Wall Street analysts have issued ratings and price targets for Abraxas Petroleum in the last 12 months. Their average twelve-month price target is $1.00, suggesting that the stock has a possible upside of 304.53%. The high price target for AXAS is $1.00 and the low price target for AXAS is $1.00. There are currently 1 sell rating and 5 hold ratings for the stock, resulting in a consensus rating of “Hold.”

Abraxas Petroleum has received a consensus rating of Hold. The company’s average rating score is 1.83, and is based on no buy ratings, 5 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $1.00, Abraxas Petroleum has a potential upside of 304.5% from its current price of $0.25. Abraxas Petroleum has received no research coverage in the past 90 days.

Dividend Strength: Abraxas Petroleum Corp. (NASDAQ:AXAS)

Abraxas Petroleum does not currently pay a dividend. Abraxas Petroleum does not have a long track record of dividend growth.

Insiders buying/selling: Abraxas Petroleum Corp. (NASDAQ:AXAS)

In the past three months, Abraxas Petroleum insiders have not sold or bought any company stock. Only 5.70% of the stock of Abraxas Petroleum is held by insiders. Only 28.73% of the stock of Abraxas Petroleum is held by institutions.

Earnings and Valuation of Abraxas Petroleum Corp. (NASDAQ:AXAS

Earnings for Abraxas Petroleum are expected to decrease by -28.57% in the coming year, from $0.07 to $0.05 per share. The P/E ratio of Abraxas Petroleum is 0.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.57. The P/E ratio of Abraxas Petroleum is 0.71, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 8.76. Abraxas Petroleum has a P/B Ratio of 0.25. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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