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Abraxas Petroleum (AXAS) Rises: Stock Adds 6.9% in Session

Zacks Equity Research

Abraxas Petroleum Corp. (AXAS) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $4.65 to $5.42 in the past one-month time frame.

The company has seen four positive estimate revisions in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.  

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

Other better-ranked U.S. oil exploration companies that are worth considering include Midstates Petroleum Company, Inc. (MPO), Encana Corporation (ECA) and RSP Permian, Inc. (RSPP). All these stocks sport a Zacks Rank #1 (Strong Buy).

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ABRAXAS PETROLEUM CP (AXAS): Free Stock Analysis Report

MIDSTATES PETROLEUM CO INC (MPO): Free Stock Analysis Report

ENCANA CORP (ECA): Free Stock Analysis Report

RSP PERMIAN INC (RSPP): Free Stock Analysis Report

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