Analysts are on the Bearish side about Abraxas Petroleum Corporation (NASDAQ:AXAS) this week.

Investors sentiment increased to 0.95 in Q2 2019. Its up 0.10, from 0.85 in 2019Q1. It is positive, 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.
King Luther Capital Mngmt owns 15,809 shares. Wellington Management Group Llp has invested 0% in Abraxas Petroleum Corporation (NASDAQ:AXAS). Cornerstone Inv Partners Ltd Liability Corporation has 48,238 shares. The New York-based Goldman Sachs has invested 0% in Abraxas Petroleum Corporation (NASDAQ:AXAS). Moreover, New York State Common Retirement Fund has 0% invested in Abraxas Petroleum Corporation (NASDAQ:AXAS). Panagora Asset Mgmt Inc holds 19,617 shares or 0% of its portfolio. Mckinley Cap Management Lc Delaware accumulated 0% or 21,340 shares. Old West Investment Management stated it has 1.04M shares. Monarch Partners Asset Mngmt Ltd Company holds 0.06% of its portfolio in Abraxas Petroleum Corporation (NASDAQ:AXAS) for 385,952 shares. 75,686 are held by Mycio Wealth Prns Limited Liability Co. Amalgamated Bankshares owns 0% invested in Abraxas Petroleum Corporation (NASDAQ:AXAS) for 23,859 shares. Arrowstreet Cap Partnership holds 16,311 shares or 0% of its portfolio. 56,020 were accumulated by Inspirion Wealth Advsr Limited Liability Com. Dimensional Fund Ltd Partnership reported 5.33M shares or 0% of all its holdings. California Public Employees Retirement System stated it has 980,700 shares or 0% of all its holdings.

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. The stock of Abraxas Petroleum Corporation (NASDAQ:AXAS) earned “Speculative Buy” rating by Canaccord Genuity on Wednesday, August 14. 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: Seekingalpha.com which released: “Abraxas Petroleum: Exploring Options For Its Bakken Assets – Seeking Alpha” on January 31, 2019, also Bizjournals.com with their article: “Employment in Texas oil fields falls as industry contracts – San Antonio Business Journal” published on September 27, 2019, Seekingalpha.com published: “Abraxas Petroleum: Appears To Be A Solid Value Again Despite Some Recent Challenges – Seeking Alpha” on May 25, 2019. More interesting news about Abraxas Petroleum Corporation (NASDAQ:AXAS) were released by: Seekingalpha.com and their article: “Despite Its Low Price, Abraxas May Not Be A Bargain For Everyone – Seeking Alpha” published on December 06, 2018 as well as Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For October 10, 2019 – Benzinga” with publication date: October 10, 2019.

Abraxas Petroleum Corporation (NASDAQ:AXAS) Institutional Positions Chart

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