News headlines about Abraxas Petroleum (NASDAQ:AXAS) have been trending somewhat positive on Tuesday, Accern reports. Accern scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Abraxas Petroleum earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave headlines about the energy company an impact score of 46.276588702393 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the headlines that may have impacted Accern’s analysis:

AXAS has been the topic of several recent research reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $2.20 target price on shares of Abraxas Petroleum in a research note on Sunday, September 3rd. Zacks Investment Research downgraded shares of Abraxas Petroleum from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Canaccord Genuity reaffirmed a “buy” rating on shares of Abraxas Petroleum in a research note on Friday, September 8th. Finally, Robert W. Baird raised shares of Abraxas Petroleum from a “neutral” rating to an “outperform” rating and set a $3.00 target price on the stock in a research note on Tuesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $2.45.

Abraxas Petroleum (NASDAQ:AXAS) opened at $2.13 on Tuesday. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.61. Abraxas Petroleum has a twelve month low of $1.45 and a twelve month high of $2.99. The company has a market cap of $348.37, a P/E ratio of 23.33 and a beta of 1.43.

Abraxas Petroleum (NASDAQ:AXAS) last posted its quarterly earnings results on Tuesday, November 7th. The energy company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). Abraxas Petroleum had a return on equity of 17.00% and a net margin of 18.83%. The firm had revenue of $24.70 million for the quarter, compared to analyst estimates of $25.38 million. During the same quarter last year, the firm earned ($0.02) EPS. The company’s revenue was up 76.4% on a year-over-year basis. equities analysts forecast that Abraxas Petroleum will post 0.15 earnings per share for the current fiscal year.

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About Abraxas Petroleum

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.

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