TFS Capital LLC Acquires 84,861 Shares of Abraxas Petroleum Corp. (AXAS)

TFS Capital LLC boosted its stake in shares of Abraxas Petroleum Corp. (NASDAQ:AXAS) by 234.3% during the first quarter, Holdings Channel reports. The institutional investor owned 121,073 shares of the energy company’s stock after buying an additional 84,861 shares during the period. TFS Capital LLC’s holdings in Abraxas Petroleum Corp. were worth $245,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in AXAS. Cadence Capital Management LLC increased its stake in shares of Abraxas Petroleum Corp. by 2.5% in the fourth quarter. Cadence Capital Management LLC now owns 366,690 shares of the energy company’s stock valued at $942,000 after buying an additional 8,964 shares in the last quarter. Tudor Investment Corp Et Al purchased a new stake in shares of Abraxas Petroleum Corp. during the fourth quarter valued at approximately $106,000. CAPROCK Group Inc. purchased a new stake in shares of Abraxas Petroleum Corp. during the first quarter valued at approximately $107,000. Baker Avenue Asset Management LP increased its stake in shares of Abraxas Petroleum Corp. by 92.1% in the third quarter. Baker Avenue Asset Management LP now owns 144,100 shares of the energy company’s stock valued at $244,000 after buying an additional 69,100 shares in the last quarter. Finally, Sigma Planning Corp increased its stake in shares of Abraxas Petroleum Corp. by 25.8% in the first quarter. Sigma Planning Corp now owns 428,900 shares of the energy company’s stock valued at $866,000 after buying an additional 87,850 shares in the last quarter. Institutional investors own 35.17% of the company’s stock.

Institutional Ownership by Quarter for Abraxas Petroleum Corp. (NASDAQ:AXAS)

Shares of Abraxas Petroleum Corp. (NASDAQ:AXAS) traded up 1.08% during trading on Monday, reaching $1.88. 584,608 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $1.95 and a 200 day moving average price of $2.14. The firm’s market cap is $305.23 million. Abraxas Petroleum Corp. has a 12 month low of $0.98 and a 12 month high of $2.99.

Abraxas Petroleum Corp. (NASDAQ:AXAS) last released its quarterly earnings results on Tuesday, May 9th. The energy company reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.01. Abraxas Petroleum Corp. had a negative net margin of 330.92% and a negative return on equity of 28.12%. The firm had revenue of $18.80 million during the quarter, compared to analyst estimates of $19.87 million. During the same quarter in the prior year, the firm earned ($0.01) EPS. The business’s revenue for the quarter was up 95.8% compared to the same quarter last year. On average, analysts forecast that Abraxas Petroleum Corp. will post $0.13 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This report was originally reported by sleekmoney and is the property of of sleekmoney. If you are viewing this report on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this report can be viewed at https://sleekmoney.com/tfs-capital-llc-acquires-84861-shares-of-abraxas-petroleum-corp-axas/1843376.html.

Several analysts have recently commented on the stock. Canaccord Genuity set a $3.00 target price on shares of Abraxas Petroleum Corp. and gave the company a “buy” rating in a report on Saturday, February 11th. Seaport Global Securities upgraded shares of Abraxas Petroleum Corp. from an “accumulate” rating to a “buy” rating in a report on Wednesday, February 1st. Finally, Zacks Investment Research downgraded shares of Abraxas Petroleum Corp. from a “buy” rating to a “hold” rating in a report on Monday, March 27th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Abraxas Petroleum Corp. currently has a consensus rating of “Buy” and an average price target of $2.83.

Abraxas Petroleum Corp. Company Profile

Abraxas Petroleum Corporation is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and gas. As of December 31, 2016, the Company’s estimated net proved reserves were 44.7 million barrels of oil equivalent (MMBoe), of which 33.6% were classified as proved developed, 74% were oil and natural gas liquids (NGL), and 95% of which (on a PV-10 basis) were operated by the Company.

12 Month Chart for NASDAQ:AXAS

Want to see what other hedge funds are holding AXAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Abraxas Petroleum Corp. (NASDAQ:AXAS).

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/tfs-capital-llc-acquires-84861-shares-of-abraxas-petroleum-corp-axas/1843376.html

Receive News & Ratings for Abraxas Petroleum Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abraxas Petroleum Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *