XAT 2018 Registration

The long-term trend of the EPS is a vital number as it helps understand the future potential of Abraxas Petroleum Corporation. The EPS growth rate, as it is typically called, is usually expressed as a percentage, which at this time is hard to estimate, but revenue growth has been 65.90 % over the last twelve months. Growth in EPS is an important measure of administration performance because it shows how much money Abraxas Petroleum Corporation is making for it’s investors or shareholders.



Abraxas Petroleum Corporation is part of the energy sector and trades as part of the oil and gas exploration and production industry. The company CEO is Robert L.G. Watson. Abraxas Petroleum Corp is an independent energy company engaged in the acquisition, exploitation, development and production of oil and gas in the United States.

Previous Intraday Performance:

The AXAS shares had a previous change of -2.88% which opened at 1.38 and closed at 1.35. It moved to an intraday high of 1.41 and a low of 1.32.

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Historical Performance:

Over the last five trading days, AXAS shares returned -3.57% and in the past 30 trading days it returned -19.64%. Over three months, it changed -38.64%. In one year it has changed -47.67% and within that year its 52-week high was 3.27 and its 52-week low was 0.90. AXAS stock is 49.98% above its 52 Week Low.

Our calculations result in a 200 day moving average of 2.27 and a 50 day moving average of 1.53. Right now, AXAS stock is trading -40.53% below its 200 day moving average and may not be a great opportunity to buy as it may continue to trend down.

SeekingAlpha:  Midland crude for Q4 delivery nears strongest in months – Reuters

Liquidity:

The company has a market cap of $224.9m with 166.6m shares outstanding and a float of 158.5m shares. Trading volume was 1,106,655 shares and has experienced an average volume of 1,634,772 shares. Our calculation, using the current average volume and close price, leads me to believe that the liquidity is bad, highly speculative and an investor may want to avoid this stock.

Earnings:

The last annual reported EPS for Abraxas Petroleum Corporation was 0.11 which ended on 31st of December 2017, which according to the previous close, that is a PE of 12.27. Based on 3 analyst estimates, the consensus EPS for the next quarter is 0.04.

Below was the last reported quarterly earnings per share:
09-30-2018:  0.05
06-30-2018:  0.02
03-31-2018:  0.09
12-31-2017:  0.04

Indicators Also to Watch:

Based on the latest filings, there is 4.90% of insider ownership and 80.90% of institutional ownership. Short-interest was 0, which was 0.00% of shares outstanding. The short-interest ratio or days-to-cover ratio was 0.00.



I calculated the beta to be 1.66

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Fundamental Numbers:

Based on last reported financials, the company’s return on equity is -1.92%, return on assets is -0.69%, profit margin is 1.77%, price-to-sales is 2.05 and price-to-book is 2.04.

Company Score Card:

Results are out of six:
 4  : Growth Expectations Result
 1  : Financial Safety Result
 0  : Past Performance Result
 0  : Valuation Result
 0  : Dividend Safety Result
 1  : Overall Result

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Jake McWilliams
I am an independent trader, analyst and algorithmic trading expert, having worked both for the sell side (brokerage) and the buy side (fund administration). I have been trading professionally for about 20 years. I trade stocks and forex and I play both long and short positions in underlying asset or through options. I have experience with discretionary and fully automated systems (Metatrader and Quantshare).

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