Analyst Activity – Canaccord Genuity Reiterates Buy on Abraxas Petroleum Corporation (NASDAQ:AXAS)

Analyst Ratings For Abraxas Petroleum Corporation (NASDAQ:AXAS)

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Today, Canaccord Genuity reiterated its Buy rating on Abraxas Petroleum Corporation (NASDAQ:AXAS) with a price target of $2.50.

There are 1 hold rating, 4 buy ratings on the stock.

The current consensus rating on Abraxas Petroleum Corporation (NASDAQ:AXAS) is Buy (Score: 2.80) with a consensus target price of $2.58 per share, a potential 60.25% upside.

Some recent analyst ratings include

  • 7/24/2017-Canaccord Genuity Reiterated Rating of Buy.
  • 7/14/2017-Stifel Nicolaus Reiterated Rating of Buy.
  • 6/21/2017-Seaport Global Securities was Downgraded by analysts at Seaport Global Securities from a “Buy ” rating to a ” Neutral” rating. They now have a $2.00 price target on the stock, up previously from $3.25 .
  • 10/21/2016-HC Wainwright initiated coverage with a Buy rating.
  • 10/21/2016-Rodman & Renshaw initiated coverage with a Buy rating.
  • 7/13/2016-Ladenburg Thalmann Financial Services initiated coverage with a Buy rating.
  • 4/19/2016-Robert W. Baird Reiterated Rating of Hold.

Recent Insider Trading Activity For Abraxas Petroleum Corporation (NASDAQ:AXAS)
Abraxas Petroleum Corporation (NASDAQ:AXAS) has insider ownership of 8.50% and institutional ownership of 43.26%.

  • On 9/29/2016 Lee T Billingsley, VP, sold 100,000 with an average share price of $1.68 per share and the total transaction amounting to $168,000.00. View SEC Filing
  • On 6/1/2016 Edward Russell, Director, bought 4,000 with an average share price of $1.08 per share and the total transaction amounting to $4,320.00. View SEC Filing
  • On 8/25/2015 George William Krog Jr, CAO, bought 10,000 with an average share price of $1.56 per share and the total transaction amounting to $15,600.00. View SEC Filing
  • On 8/10/2015 Brian L Melton, Director, bought 3,000 with an average share price of $1.72 per share and the total transaction amounting to $5,160.00. View SEC Filing
  • On 8/10/2015 Stephen T Wendel, VP, bought 30,000 with an average share price of $1.86 per share and the total transaction amounting to $55,800.00. View SEC Filing
  • On 5/27/2015 W. Dean Karrash, Director, bought 3,000 with an average share price of $2.88 per share and the total transaction amounting to $8,640.00. View SEC Filing
  • On 5/12/2015 Edward Russell, Director, bought 2,000 with an average share price of $3.30 per share and the total transaction amounting to $6,600.00. View SEC Filing

Recent Trading Activity for Abraxas Petroleum Corporation (NASDAQ:AXAS)
Shares of Abraxas Petroleum Corporation closed the previous trading session at 1.61 down -0.04 -2.42% with 2,138,797 shares trading hands.

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