Abraxas Petroleum Corporation – Consensus Indicates Potential 52.8% Upside

Broker Ratings

Abraxas Petroleum Corporation with ticker code (AXAS) have now 2 analysts in total covering the stock. The consensus rating is ‘Hold’. The range between the high target price and low target price is between 5 and 2 with a mean TP of 3.5. Now with the previous closing price of 2.29 this indicates there is a potential upside of 52.8%. The day 50 moving average is 2.45 and the 200 day MA is 3.21. The market cap for the company is $20m. Company Website: 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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