Markets

Abraxas Petroleum (AXAS) Soars: Stock Adds 12.5% in Session - Tale of the Tape

Abraxas Petroleum Corp. ( AXAS ) was a big mover last session, as the company saw its shares rise over 12% 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 $5.18 since May 14, 2014.

The company has seen three negative estimate revisions in the past 30 days, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

Abraxas Petroleum currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

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

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 >>

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

ATHLON ENERGY (ATHL): Free Stock Analysis Report

ENCANA CORP (ECA): Free Stock Analysis Report

RSP PERMIAN INC (RSPP): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

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


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

In This Story

AXAS

Other Topics

Investing Stocks

Latest Markets Videos

    Zacks

    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

    Learn More