Abraxas Petroleum Corporation – Consensus Indicates Potential 34.6% Upside

Broker Ratings

Abraxas Petroleum Corporation with ticker code (AXAS) have now 2 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 5 and 2 with a mean TP of 3.5. Given that the stocks previous close was at 2.6 this would indicate that there is a potential upside of 34.6%. The 50 day moving average now sits at 2.53 and the 200 day MA is 3.07. The market capitalisation for the company is $23m. Visit the company website at: http://www.abraxaspetroleum.com

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. As of December 31, 2019, its estimated net proved reserves were 56.4 million barrels of oil equivalent. The company was founded in 1977 and is based in San Antonio, Texas.

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