Abraxas Petroleum Corporation (AXAS) Receives $2.68 Average Price Target from Analysts

17 Septembre, 2017, 21:58 | Author: Marc Bacque
  • Abraxas Petroleum

AXAS's total short interest was 2.10M shares in September as published by FINRA. Finally, Stifel Nicolaus restated a "buy" rating and set a $2.40 price target on shares of Abraxas Petroleum Corporation in a report on Friday, July 14th. Occidental Petroleum Corporation had a return on equity of 0.13% and a net margin of 0.91%. The stock declined 0.42% or $0.26 reaching $61.31 on the news. The average 12-month price target among analysts that have issued ratings on the stock in the a year ago is $2.68. Occidental Petroleum Corporation (NYSE:OXY) has declined 18.97% since September 17, 2016 and is downtrending. It has underperformed by 35.67% the S&P500.

Northeast Investment Management decreased Occidental Pete Corp (OXY) stake by 11% reported in 2016Q4 SEC filing. The correct version of this piece can be read at https://stocknewstimes.com/2017/09/17/occidental-petroleum-corporation-oxy-shares-bought-by-brookstone-capital-management.html. The company's market cap is $48.32 Billion, and the average volume is 3.68 Million. Anthem Inc now has $49.00B valuation. The stock opened the day at $61.68, and settled at $61.58 by the end to experience a 0.05% change. About 3.13M shares traded or 63.87% up from the average.

Shares of Occidental Petroleum Corporation (OXY) opened at 61.35 on Friday. It has underperformed by 0.71% the S&P500. (NYSE:HP) on Tuesday, September 8 with "Buy" rating. Therefore 25% are positive. Abraxas Petroleum had 24 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Schlumberger Limited. The company was downgraded on Thursday, December 17 by Iberia Capital Partners. The firm earned "Outperform" rating on Wednesday, September 2 by Oppenheimer. (NYSE:SLB) has "Outperform" rating given on Monday, April 4 by Credit Suisse.

04/19/2017 - Occidental Petroleum Corporation had its "underweight" rating reiterated by analysts at Barclays. As per Friday, December 16, the company rating was upgraded by Goldman Sachs. Maxim Group maintained MAXIMUS, Inc. Compass Point has "Neutral" rating and $12 target.

It last reported revenues of $1.42 billion and EPS of $0.43 for the June 2017, representing -12% top-line growth and 0.54 EPS growth. Its down 0.08, from 1.03 in 2016Q3. It worsened, as 66 investors sold OXY shares while 349 reduced holdings. (NASDAQ:ATVI), its shares were trading at $65.17 a retreat of $-0.23, on the trading floor. (NYSE:MMS). Verus Prtn Inc reported 10,191 shares. Agran Libbie stated it has 13,462 shares. (NYSE:HP) for 180,432 shares. Daiwa Securities Grp Inc reported 21,438 shares stake. Independence Communications owns 2,738 shares. Amp Capital accumulated 355,040 shares. It also upped Formfactor Inc (NASDAQ:FORM) stake by 28,707 shares and now owns 46,207 shares. Adams Natural Resources Fund stated it has 378,800 shares. Allianz Asset Mgmt Ag invested in 0.06% or 879,910 shares. Ig Invest Mngmt, a Manitoba - Canada-based fund reported 241,100 shares. Massmutual Tru Com Fsb Adv owns 223 shares for 0% of their portfolio. 14,200 are held by Alpine Woods Investors Limited Liability Company. (NYSE:SLB). 23,605 were reported by Hyman Charles D. The consensus target price is $1.68 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell. The firm bought 13,500 shares of the oil and gas producer's stock, valued at approximately $808,000. Moreover, Par Capital Management Inc has 10.51% invested in the company for 7.10 million shares.

Analysts await Schlumberger Limited.

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A number of brokerages have recently issued reports on OXY. The stock spiked 1.58% last month and is down -13.55 this year. SLB's profit will be $581.53 million for 40.02 P/E if the $0.42 EPS becomes a reality.

20 analysts on average are expecting Occidental Petroleum Corporation to report earnings of $0.14 per share for the current quarter.

Stock market analysts and brokers have recently amended their target prices on shares of Occidental Petroleum Corporation (NYSE:OXY). Therefore 24% are positive. As per Monday, September 12, the company rating was downgraded by JP Morgan. JP Morgan upgraded the shares of OXY in report on Wednesday, May 10 to "Neutral" rating. The stock of Occidental Petroleum Corporation (NYSE:OXY) has "Neutral" rating given on Monday, February 13 by Mizuho. The firm has "Buy" rating by Nomura given on Tuesday, May 3. The stock of Occidental Petroleum Corporation (NYSE:OXY) has "Outperform" rating given on Tuesday, September 29 by BMO Capital Markets. Cantor Fitzgerald has "Overweight" rating and $210 target. The stock has "Sell" rating by Citigroup on Friday, July 21. The Firm is engaged in the acquisition, exploration, development and production of gas and oil.

7 analysts on average are expecting the company to report revenue of $3.16 Billion for the current quarter. The Company operates through three segments: oil and gas, chemical (OxyChem), and midstream and marketing. It has a 7.74 P/E ratio. The oil and gas segment explores for, develops and produces oil and condensate, natural gas liquids (NGLs) and natural gas.

Investors sentiment is 1.4 in 2016 Q4. Its down 0.08, from 1.03 in 2016Q3. Finemark Fincl Bank & has invested 0.15% in Occidental Petroleum Corporation (NYSE:OXY). Financial Architects Inc raised its position in Occidental Petroleum Corporation by 47.5% in the third quarter. 608.36 million shares or 0.76% more from 603.77 million shares in 2016Q3 were reported. Hermes Investment Mgmt Ltd holds 0.42% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY) for 344,246 shares. South State accumulated 0.04% or 4,274 shares. 8,276 are owned by Corecommodity Mngmt. Prelude Ltd Liability Corporation reported 0.02% stake. Livforsakringsbolaget Skandia Omsesidigt reported 16,551 shares or 0.05% of all its holdings. (NASDAQ:AXAS). Federated Pa has 1,309 shares for 0% of their portfolio. Whitnell And Communication owns 800 shares. Maxim Group downgraded MAXIMUS, Inc.

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