Abraxas Petroleum Corporation

Company Profile

Abraxas Petroleum Corporation had its IPO on 1991-05-07 under the ticker symbol AXAS.

The company operates in the Energy sector and Oil & Gas E&P industry. Abraxas Petroleum Corporation has a staff strength of 42 employees.

Stock update

Shares of Abraxas Petroleum Corporation opened at $0.74 at the start of the last trading session i.e. 2023-03-19.

The stocks traded within a range of $0.73 - $0.78, and closed at $0.77.

This is a -6.1% slip from the previous day's closing price.

A total volume of 5,300 shares were traded at the close of the day’s session.

In the last one week, shares of Abraxas Petroleum Corporation have slipped by -2.53%.

Abraxas Petroleum Corporation's Key Ratios

Abraxas Petroleum Corporation has a market cap of $82.57 million, indicating a price to book ratio of 1.2397 and a price to sales ratio of 1.3618.

In the last 12-months Abraxas Petroleum Corporation’s revenue was $62.85 million with a gross profit of $54.24 million and an EBITDA of $33.20 million. The EBITDA ratio measures Abraxas Petroleum Corporation's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Abraxas Petroleum Corporation’s operating margin was 39.3% while its return on assets stood at 13.88% with a return of equity of -1015.97%.

In Q3, Abraxas Petroleum Corporation’s quarterly earnings growth was a positive 900% while revenue growth was a negative 36.5%.

Abraxas Petroleum Corporation’s PE and PEG Ratio

Forward PE

0

Trailing PE

0.1906

PEG

7.85

Its diluted EPS in the last 12-months stands at $4.02 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of 7.85. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Abraxas Petroleum Corporation’s profitability.

Abraxas Petroleum Corporation stock is trading at a EV to sales ratio of 1.0427 and a EV to EBITDA ratio of 0.9932. Its price to sales ratio in the trailing 12-months stood at 1.3618.

Abraxas Petroleum Corporation stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$88.15 million

Total Liabilities

$12.04 million

Operating Cash Flow

$-354000.00

Capital Expenditure

$354000

Dividend Payout Ratio

0%

Abraxas Petroleum Corporation ended 2023 with $88.15 million in total assets and $0 in total liabilities. Its intangible assets were valued at $88.15 million while shareholder equity stood at $73.12 million.

Abraxas Petroleum Corporation ended 2023 with $0 in deferred long-term liabilities, $12.04 million in other current liabilities, 101000.00 in common stock, $-503984000.00 in retained earnings and $0 in goodwill. Its cash balance stood at $25.10 million and cash and short-term investments were $25.10 million. The company’s total short-term debt was $2,000 while long-term debt stood at $0.

Abraxas Petroleum Corporation’s total current assets stands at $34.45 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $5.40 million compared to accounts payable of $8.27 million and inventory worth $0.

In 2023, Abraxas Petroleum Corporation's operating cash flow was $-354000.00 while its capital expenditure stood at $354000.

Comparatively, Abraxas Petroleum Corporation paid $0 in dividends in 2023.

Other key metrics

Current Trading Price

$0.77

52-Week High

$2.55

52-Week Low

$0.6

Analyst Target Price

$3

Abraxas Petroleum Corporation stock is currently trading at $0.77 per share. It touched a 52-week high of $2.55 and a 52-week low of $2.55. Analysts tracking the stock have a 12-month average target price of $3.

Its 50-day moving average was $0.81 and 200-day moving average was $1.23 The short ratio stood at 1.49 indicating a short percent outstanding of 0%.

Around 152.4% of the company’s stock are held by insiders while 9000% are held by institutions.