Abraxas (AXAS) Worth Watching: Stock Up 5.9% - Tale of the Tape

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Abraxas Petroleum Corp. ( AXAS ) was a big mover last session with shares rising nearly 6% 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 past one month's volatile price range of $4.65 to $5.58.

This independent energy company has witnessed four positive estimate revisions in the last 30 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday's price action can turn into more strength down the road.

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

Investors interested in the oil and gas sector may also consider stocks like Encana Corp. ( ECA ), Midstates Petroleum Company, Inc. ( MPO ) and QEP Resources, Inc. ( QEP ). All the three stocks sport a Zacks Rank #1 (Strong Buy).

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

ABRAXAS PETE/NV (AXAS): Free Stock Analysis Report

ENCANA CORP (ECA): Free Stock Analysis Report

MIDSTATES PETRO (MPO): Free Stock Analysis Report

QEP RESOURCES (QEP): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: AXAS , ECA , MPO , QEP

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Referenced

Most Active by Volume

100,376,898
  • $17.62 ▲ 0.51%
83,231,837
  • $25.62 ▲ 1.91%
75,739,329
  • $111.78 ▼ 0.77%
65,297,937
  • $36.37 ▼ 1.76%
59,053,093
  • $47.66 ▲ 0.29%
53,482,350
  • $2.59 ▼ 0.38%
51,504,284
  • $7.34 ▲ 2.37%
51,434,656
  • $8.14 ▲ 6.96%
As of 12/19/2014, 04:15 PM


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