Short Interest Coverage: Abraxas Petroleum Corporation (NASDAQ:AXAS) Stock Is Shorted Less

November 25, 2016 - By Dolores Ford   ·   0 Comments

Short Interest Coverage: Abraxas Petroleum Corporation (NASDAQ:AXAS) Stock Is Shorted Less

The stock of Abraxas Petroleum Corporation (NASDAQ:AXAS) registered a decrease of 6.67% in short interest. AXAS’s total short interest was 5.92M shares in November as published by FINRA. Its down 6.67% from 6.35 million shares, reported previously. With 952,100 shares average volume, it will take short sellers 6 days to cover their AXAS’s short positions. The short interest to Abraxas Petroleum Corporation’s float is 4.78%. The stock closed at $1.93 during the last session. It is down 64.96% since April 22, 2016 and is uptrending. It has outperformed by 59.55% the S&P500.

Abraxas Petroleum Corporation is an independent energy company. The company has a market cap of $260.72 million. The Firm is engaged in the acquisition, exploration, development and production of gas and oil. It currently has negative earnings. The Company’s estimated net proved reserves are approximately 43.2 million barrels of oil equivalent , of which over 38% are classified as proved developed, approximately 71% are oil and natural gas liquids (NGL), and approximately 95% of which (on a PV-10 basis) are operated by the Company.

Insitutional Activity: The institutional sentiment decreased to 1.21 in 2016 Q2. Its down 0.15, from 1.36 in 2016Q1. The ratio dived, as 17 funds sold all Abraxas Petroleum Corp. shares owned while 22 reduced positions. 16 funds bought stakes while 37 increased positions. They now own 47.31 million shares or 31.78% more from 35.90 million shares in 2016Q1.
Pnc Group holds 1,240 shares or 0% of its portfolio. Plante Moran Financial Advsr Ltd Liability Co has 0% invested in the company for 27 shares. Art Advsr, a New York-based fund reported 65,248 shares. Invesco holds 0% of its portfolio in Abraxas Petroleum Corp. (NASDAQ:AXAS) for 230,164 shares. Bnp Paribas Arbitrage has invested 0% of its portfolio in Abraxas Petroleum Corp. (NASDAQ:AXAS). Bb&T Ltd Company last reported 12,805 shares in the company. Proshare Advisors Lc reported 15,104 shares or 0% of all its holdings. Teachers Advsr owns 171,027 shares or 0% of their US portfolio. Moreover, Atwood Palmer Inc has 0% invested in Abraxas Petroleum Corp. (NASDAQ:AXAS) for 13,500 shares. Sunbelt Secs owns 2,000 shares or 0% of their US portfolio. Smith Asset Mngmt Grp Ltd Partnership holds 536,310 shares or 0.02% of its portfolio. Principal Grp Incorporated, a Iowa-based fund reported 13,510 shares. Ubs Oconnor Limited Liability accumulated 664,500 shares or 0% of the stock. Aperio Grp Limited, a California-based fund reported 26,296 shares. Blackrock Inc last reported 0% of its portfolio in the stock.

Insider Transactions: Since June 1, 2016, the stock had 1 buying transaction, and 2 selling transactions for $242,680 net activity. The insider BILLINGSLEY LEE T sold 100,000 shares worth $167,500. The insider RUSSELL EDWARD bought 4,000 shares worth $4,320.

Abraxas Petroleum Corp. (NASDAQ:AXAS) Ratings Coverage

Out of 7 analysts covering Abraxas Petroleum (NASDAQ:AXAS), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. Abraxas Petroleum has been the topic of 17 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Imperial Capital maintained the shares of AXAS in a report on Friday, September 11 with “In-Line” rating. The stock of Abraxas Petroleum Corp. (NASDAQ:AXAS) earned “In-Line” rating by Imperial Capital on Thursday, December 17. Cowen & Co upgraded the shares of AXAS in a report on Monday, April 18 to “Outperform” rating. The firm has “Buy” rating given on Friday, August 7 by Canaccord Genuity. The rating was initiated by Rodman & Renshaw on Friday, October 21 with “Buy”. On Wednesday, July 13 the stock rating was initiated by Ladenburg Thalmann with “Buy”. The stock of Abraxas Petroleum Corp. (NASDAQ:AXAS) has “Buy” rating given on Friday, September 4 by Euro Pacific Capital.

AXAS Company Profile

Abraxas Petroleum Corporation, incorporated on August 31, 1990, is an independent energy company. The Firm is engaged in the acquisition, exploration, development and production of gas and oil. The Company’s estimated net proved reserves are approximately 43.2 million barrels of oil equivalent (MMBoe), of which over 38% are classified as proved developed, approximately 71% are oil and natural gas liquids (NGL), and approximately 95% of which (on a PV-10 basis) are operated by the Company. The Company’s daily net production is approximately 5,970 barrels of oil equivalent per day (Boepd), of which over 77% is oil or liquids. The Company’s gas and oil assets are located in three operating regions: the Rocky Mountain, Permian Basin and onshore Gulf Coast.

More news for Abraxas Petroleum Corp. (NASDAQ:AXAS) were recently published by: Bizjournals.com, which released: “Abraxas Petroleum slows the bleeding; plans to sell Powder Basin assets amid …” on November 09, 2016. Bizjournals.com‘s article titled: “Abraxas Petroleum to pay down $13 million in debt after selling 2000-plus-acre …” and published on September 22, 2016 is yet another important article.

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By Dolores Ford


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