Abraxas Petroleum Corp. (AXAS) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its position in Abraxas Petroleum Corp. (NASDAQ:AXAS) by 15.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 621,300 shares of the energy company’s stock after acquiring an additional 80,900 shares during the quarter. Renaissance Technologies LLC owned 0.37% of Abraxas Petroleum worth $1,796,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Globeflex Capital L P boosted its holdings in Abraxas Petroleum by 13.9% in the second quarter. Globeflex Capital L P now owns 258,300 shares of the energy company’s stock valued at $746,000 after acquiring an additional 31,600 shares during the last quarter. Bailard Inc. boosted its holdings in Abraxas Petroleum by 21.0% in the second quarter. Bailard Inc. now owns 208,700 shares of the energy company’s stock valued at $603,000 after acquiring an additional 36,200 shares during the last quarter. Monarch Partners Asset Management LLC boosted its holdings in Abraxas Petroleum by 24.4% in the second quarter. Monarch Partners Asset Management LLC now owns 217,865 shares of the energy company’s stock valued at $630,000 after acquiring an additional 42,800 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Abraxas Petroleum by 12.3% in the first quarter. Wells Fargo & Company MN now owns 501,393 shares of the energy company’s stock valued at $1,113,000 after acquiring an additional 54,905 shares during the last quarter. Finally, LSV Asset Management acquired a new position in Abraxas Petroleum in the second quarter valued at $240,000. Hedge funds and other institutional investors own 59.46% of the company’s stock.

A number of brokerages have commented on AXAS. Canaccord Genuity restated a “buy” rating and set a $3.50 price objective on shares of Abraxas Petroleum in a research note on Tuesday, August 28th. Stifel Nicolaus set a $5.00 price objective on Abraxas Petroleum and gave the stock a “buy” rating in a research note on Thursday, July 19th. ValuEngine upgraded Abraxas Petroleum from a “sell” rating to a “hold” rating in a research note on Tuesday, July 24th. Seaport Global Securities restated a “buy” rating on shares of Abraxas Petroleum in a research note on Friday, July 20th. Finally, BidaskClub cut Abraxas Petroleum from a “buy” rating to a “hold” rating in a research note on Friday, July 13th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. Abraxas Petroleum presently has a consensus rating of “Hold” and an average price target of $3.83.



Shares of AXAS opened at $1.86 on Friday. The stock has a market cap of $310.09 million, a price-to-earnings ratio of 9.79 and a beta of 1.06. Abraxas Petroleum Corp. has a 12 month low of $1.81 and a 12 month high of $3.27. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.39 and a current ratio of 0.39.

Abraxas Petroleum (NASDAQ:AXAS) last issued its quarterly earnings data on Tuesday, August 7th. The energy company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.03). The company had revenue of $30.92 million for the quarter, compared to analyst estimates of $31.93 million. Abraxas Petroleum had a positive return on equity of 28.33% and a negative net margin of 3.70%. As a group, equities research analysts predict that Abraxas Petroleum Corp. will post 0.25 earnings per share for the current fiscal year.

Abraxas Petroleum Profile

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

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