Abraxas Petroleum (AXAS) Jumps: Stock Rises 5.5% - Tale of the Tape

Abraxas Petroleum Corp. AXAS was a big mover last session, as the company saw its shares rise by over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 36% in the past one-month time frame.

This independent oil & gas company has seen three positive estimate revisions and one negative estimate revision over the last 30 days and its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Abraxas Petroleum Corp. So make sure to keep an eye on this stock going forward to see if this recent move higher can turn into more strength down the road.

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

Some stocks in the same industry looking equally good include Range Resources Corporation RRC, World Point Terminals, LP WPT and Clayton Williams Energy, Inc. CWEI. While Range Resources and World Point Terminals, LP hold a Zacks Rank #1 (Strong Buy), Clayton Williams Energy carries a Zacks Rank #2 (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 >>

 
ABRAXAS PETE/NV AXAS: Free Stock Analysis Report
 
WILLIAMSCENGY CWEI: Free Stock Analysis Report
 
RANGE RESOURCES RRC: Free Stock Analysis Report
 
WORLD POINT TER WPT: Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!