Abraxas Petroleum Corp. (AXAS) was a big mover last session, as the company saw its shares rise by over 6% 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 of the company as the stock has now gained roughly 4%1 since Apr 4.
This independent oil & gas company has seen one positive 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 positive.
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 holds a Zacks Rank #1 (Strong Buy), World Point Terminals, LP and Clayton Williams Energy carry a Zacks Rank #2 (Buy).
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ABRAXAS PETROLEUM CP (AXAS): Free Stock Analysis Report
RANGE RESOURCES CORP (RRC): Free Stock Analysis Report
WORLD POINT TERMINALS LP (WPT): Free Stock Analysis Report
CLAYTON WILLIAMS ENERGY INC (CWEI): Free Stock Analysis Report
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