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Abraxas Petroleum (AXAS) Jumps: Stock Rises 5.5%

Zacks Equity Research

Abraxas Petroleum Corp. (AXAS) was a big mover last session, as the company saw its shares rise by over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 36% in the past one-month time frame.

This independent oil & gas company has seen three positive estimate revisions and one negative estimate revision over the last 30 days and its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Abraxas Petroleum Corp. So make sure to keep an eye on this stock going forward to see if this recent move higher can turn into more strength down the road.

Abraxas Petroleum currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Some stocks in the same industry looking equally good include Range Resources Corporation (RRC), World Point Terminals, LP (WPT) and Clayton Williams Energy, Inc. (CWEI). While Range Resources and World Point Terminals, LP hold a Zacks Rank #1 (Strong Buy), Clayton Williams Energy carries a Zacks Rank #2 (Buy).

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ABRAXAS PETROLEUM CP (AXAS): Free Stock Analysis Report

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(WPT): Free Stock Analysis Report


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