Are Abraxas Petroleum Corporation (NASDAQ:AXAS) Shares Headed Higher?

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A total of 2.31 million shares exchanged at hands and its average trading volume is standing at 2.15 million shares. Finally, Zacks Investment Research cut shares of Abraxas Petroleum Corporation from a "strong-buy" rating to a "hold" rating in a research report on Monday. The correct version of this piece can be read at Analyst Recommendation is an outlook of a stock-market analyst on a stock. Moreover, Rodman & Renshaw issued Initiated rating for the stock on 21-Oct-16. Additionally, Robert W. Baird Downgrade its ratings on the stock to Neutral. The 52-Week High range of the stock is $2.99, while the 52-week low range is $0.81. The stock has a Return on Assets of -78.6 percent, Return on Investment of -62.8 percent and a Return on Equity of -357.3 percent. The company's outstanding shares are 80 Million.

PVH Corp.'s Average Earnings Estimate for the current quarter is $1.61, according to consensus of 12 analysts. The growth estimate for the next quarter is 300 percent. According to the Analysts, the Low Earnings estimate for the current quarter is $0.01, while the High earnings estimate is $0.03.Comparatively, EPS for the same quarter previous year was $0. The company is expected to grow by 19 percent over the next five years. The consensus price target (PT) of $3.30 means that the market expects Company shares to increase by 42.9% in the short run. These price targets are a consensus analysis of 8 brokers. (NASDAQ:AXAS) may hit a high of $3.75.

Important factors to focus when evaluating a stock's present and future value are the 52 week price high and low levels. On technical aspect, moving averages may help to distinguish path of dispositions, and they may also be used to set degrees of support and resistance.

Company has reported several Insider transactions to the SEC, on Jun 2, 2016, Edward Russell (director) purchased 4,000 shares at 1.08 per share price.On Mar 28, 2016, Peter A. Bommer (VP - Engineering) purchased 8,138 shares at 1.14 per share price.On Aug 25, 2015, George William Jr Krog (Chief Accounting Officer) purchased 10,000 shares at 1.56 per share price.

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Two Month Ago Analyst Ratings: ABRAXAS PETROLEUM CORPORATION (AXAS) has received mean Analyst rating of 2.00 from polled analysts at Reuters 2 Month Ago.

While taking a glance at financials, we can look at a number of key indicators about Abraxas Petroleum Corporation's (AXAS ). The company has dropped -18.04% in past 3 months and in the last five trades has moved down -5.12%. Its weekly performance showed downward trend of -0.43 percent. Net profit margin of the company was recorded at 0 percent, operating profit margin was 0 percent, whereas gross profit margin stands at 50.1 percent. A beta of less than 1 means that the security will be less volatile than the market.

Abraxas Petroleum Corporation's (AXAS ) stock price distance from twenty day simple moving average slumped at -6.39% while its distance from fifty day simple moving average declined -10.69% along with 31.10% above distance from two hundred simple moving averages. The volume of the company in the last trading session was 1.24 Million.

The company's ATR (Average True Range) is 2.68.