Abraxas Petroleum Corp. (NASDAQ:AXAS) To Host Fourth Quarter & Year End 2017 Earnings Conference Call In March

Abraxas Petroleum Corp.(NASDAQ:AXAS) will be hosting its fourth quarter and the year-end earnings conference call for 2017 on March 14, 2018, at 11 AM EST. The company is planning to announce the year-end and fourth quarter operating and financial results before the conference call.

Abraxas Petroleum Corporation is a San Antonio based crude oil and natural gas exploration & production company. The operations of the company are spread across the Permian Basin, Rocky Mountain, and South Texas regions of the United States. The company last made an announcement regarding its quarterly earnings in November 2017.

At that time, Abraxas had revenue of &24.70 million for the third quarter which was a bit less than the estimate of $25.38 million by the analysts. The net margin was 18.83% and the return on equity was 17.00%. The quarterly revenue of the company showed a gain of 76.4% on a year-over-year basis. Out of 8 analysts, 5 have suggested Abraxas as a Strong Buy, 3 have suggested Buy whereas no analysts have suggested holding or selling or even Strong Sell.

Average Earnings Estimate For Current Quarter

According to the opinion of 6 analysts, the average earnings estimates of the company for the current year are of $0.06. The high earnings per share estimates are of $0.08 and low estimates are of $0.04. The current trade of Abraxas Petro Corp has shown the weekly performance of 8.13%, and the stock gain of the past three months is 42.25%.

The six months performance of Abraxas stock has remained at 63.19%. The shares of the company owned by the insiders are 0.1% whereas 45.9% shares are owned by institutional owners. Currently, the stock is trading away by -7.64% from its $2.88 high of 52-week and 83.45% away from the low point of the stock of $1.45 in the last 52 weeks.

Abraxas Petroleum Corporation is engaged in the exploration, acquisition, development, and production of oil and gas. The independent energy company’s net proved reserves are around 44.7 million barrels of oil of which 33.6% have been proved developed, 74% is oil and natural gas liquids (NGL).