On Friday, Shares of Abraxas Petroleum Corporation (NASDAQ: AXAS) rose 2.05% to $2.98. The stock recorded $2.86 as its minimum price and hit the max level of $2.99, during its most recent trading session. It traded total volume of 961.75K shares lower than the average volume of 1.78M shares.
Abraxas Petroleum Corp. (AXAS) stated a loss of $4.10M in its fourth quarter. On a per-share basis, the San Antonio-based company said it had a loss of 2 cents. Earnings, adjusted for non-recurring costs, came to 4 cents per share. The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 4 cents per share.
The energy company posted revenue of $29.60M in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $29.70M.
For the year, the company stated net income of $16.0M, or 10 cents per share, swinging to a profit in the period. Revenue was stated as $86.30M.
AXAS has the market capitalization of $504.96M and its EPS growth ratio for the past five years was 23.80%. The return on assets ratio of the Company was 5.30% while its return on investment ratio stands at 11.00%. Price to sales ratio was 4.67 while 53.80% of the stock was owned by institutional investors.