Does Abraxas Petroleum Corporation (NASDAQ:AXAS) Have Gas After Even More Sellers Involved?

October 2, 2018 - By Hazel Jackson

Investors sentiment increased to 1.65 in 2018 Q2. Its up 0.79, from 0.86 in 2018Q1. It increased, as 10 investors sold Abraxas Petroleum Corporation shares while 39 reduced holdings. 29 funds opened positions while 52 raised stakes. 90.69 million shares or 8.77% more from 83.38 million shares in 2018Q1 were reported.
Pnc Svcs Grp Inc invested 0% in Abraxas Petroleum Corporation (NASDAQ:AXAS). Piedmont Invest Advsr Limited Liability Company stated it has 0% in Abraxas Petroleum Corporation (NASDAQ:AXAS). 15,836 were reported by Sg Americas Lc. Eqis Capital Mngmt Inc stated it has 68,621 shares or 0.01% of all its holdings. Proshare Ltd Liability holds 0% of its portfolio in Abraxas Petroleum Corporation (NASDAQ:AXAS) for 20,941 shares. Geode Capital Mngmt Llc holds 0% or 1.60 million shares. California Employees Retirement Sys holds 0% in Abraxas Petroleum Corporation (NASDAQ:AXAS) or 1.09M shares. Stifel Fincl owns 60,000 shares for 0% of their portfolio. Goldman Sachs Group Incorporated reported 0% in Abraxas Petroleum Corporation (NASDAQ:AXAS). California State Teachers Retirement Sys accumulated 0% or 243,300 shares. Portolan Cap Ltd has 4.53 million shares for 1.34% of their portfolio. State Street holds 0% of its portfolio in Abraxas Petroleum Corporation (NASDAQ:AXAS) for 4.56 million shares. Citigroup holds 0% or 69,594 shares in its portfolio. Century Companies invested in 0% or 19,797 shares. United Serv Automobile Association accumulated 0% or 491,099 shares.

The stock of Abraxas Petroleum Corporation (NASDAQ:AXAS) registered an increase of 2.92% in short interest. AXAS’s total short interest was 5.15 million shares in October as published by FINRA. Its up 2.92% from 5.00M shares, reported previously. With 953,700 shares average volume, it will take short sellers 5 days to cover their AXAS’s short positions. The short interest to Abraxas Petroleum Corporation’s float is 3.27%.

The stock decreased 3.33% or $0.08 during the last trading session, reaching $2.32. About 599,352 shares traded. Abraxas Petroleum Corporation (NASDAQ:AXAS) has risen 41.10% since October 2, 2017 and is uptrending. It has outperformed by 25.48% 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 $383.47 million. The firm operates gas and oil assets in the Permian/Delaware Basin, the Rocky Mountain, and South Texas regions. It currently has negative earnings. As of December 31, 2016, its estimated net proved reserves were 44.7 million barrels of oil equivalent.

Abraxas Petroleum Corporation (NASDAQ:AXAS) Ratings Coverage

Among 2 analysts covering Abraxas Petroleum Corp (NASDAQ:AXAS), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Abraxas Petroleum Corp had 3 analyst reports since April 23, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, May 9 by Stifel Nicolaus. The stock of Abraxas Petroleum Corporation (NASDAQ:AXAS) has “Buy” rating given on Monday, April 23 by Stifel Nicolaus. The stock of Abraxas Petroleum Corporation (NASDAQ:AXAS) earned “Buy” rating by Canaccord Genuity on Tuesday, May 8.

Another recent and important Abraxas Petroleum Corporation (NASDAQ:AXAS) news was published by Prnewswire.com which published an article titled: “Oil Value Increases on Concerns Over Tightening Supply” on October 01, 2018.

Abraxas Petroleum Corporation (NASDAQ:AXAS) Institutional Positions Chart

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