Last $3.42 USD
Change Today -0.55 / -13.85%
Volume 1.9M
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As of 10:52 AM 11/28/14 All times are local (Market data is delayed by at least 15 minutes).

abraxas petroleum corp (AXAS) Snapshot

Open
$3.82
Previous Close
$3.97
Day High
$3.83
Day Low
$3.39
52 Week High
07/1/14 - $6.45
52 Week Low
01/13/14 - $2.99
Market Cap
360.4M
Average Volume 10 Days
2.7M
EPS TTM
$0.25
Shares Outstanding
105.4M
EX-Date
--
P/E TM
13.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for ABRAXAS PETROLEUM CORP (AXAS)

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abraxas petroleum corp (AXAS) Details

Abraxas Petroleum Corporation, an independent energy company, is engaged in the acquisition, exploitation, development, and production of oil and gas in the United States and Canada. The company operates oil and gas assets in the Rocky Mountain, Permian Basin, and onshore Gulf Coast regions of the United States, as well as in the province of Alberta, Canada. As of December 31, 2013, its estimated net proved reserves were 31.0 million barrels of oil equivalent. The company was founded in 1977 and is based in San Antonio, Texas.

112 Employees
Last Reported Date: 03/17/14
Founded in 1977

abraxas petroleum corp (AXAS) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $547.5K
Chief Financial Officer and Vice President
Total Annual Compensation: $313.2K
Vice President of Operations
Total Annual Compensation: $306.9K
Vice President of Exploration
Total Annual Compensation: $306.9K
Vice President of Engineering
Total Annual Compensation: $304.1K
Compensation as of Fiscal Year 2013.

abraxas petroleum corp (AXAS) Key Developments

Abraxas Petroleum Corp. Reports Unaudited Consolidated Earnings and Production Results for the Third Quarter and Nine Months Ended September 30, 2014

Abraxas Petroleum Corp. reported unaudited consolidated earnings and production results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenues of $44,205,000 against $29,095,000 a year ago. Adjusted EBITDA was $31,774,000 against $18,115,000 a year ago. Net income was $25,399,000 against $3,190,000 a year ago. Basic and diluted net income per share was $0.24 against $0.03 a year ago. Adjusted net income, excluding certain non-cash items were $15,984,000 or $0.15 diluted earnings per share against $8,431,000 or $0.09 diluted earnings per share a year ago. Operating income was $16,650,000 against $11,161,000 a year ago. Net income before income tax was $25,399,000 against $3,190,000 a year ago. EBITDA was $30,638,000 against $16,975,000 a year ago. For the nine months, the company reported revenues of $103,657,000 against $71,785,000 a year ago. Adjusted EBITDA was $70,735,000 against $41,312,000 a year ago. Net income was $33,137,000 against $11,651,000 a year ago. Diluted net income per share was $0.33 against $0.12 a year ago. Adjusted net income, excluding certain non-cash items were $33,227,000 or $0.33 diluted earnings per share against $13,802,000 or $0.12 diluted earnings per share a year ago. Operating income was $36,579,000 against $17,796,000 a year ago. Operating income was $19,929,000 against $6,635,000 a year ago. Net income before income tax was $33,137,000 against $11,738,000 a year ago. EBITDA was $66,822,000 against $37,306,000 a year ago. For the quarter, the company reported crude oil per day of 4,781 (Bblpd) against 2,733 (Bblpd) a year ago. Natural gas per day was 9,239 (Mcfpd) against 9,457 (Mcfpd) a year ago. Natural gas liquids per day was 756 (Bblpd) against 472 (Bblpd) a year ago. Crude oil equivalent per day was 7,076 (Boepd) against 4,781 (Boepd) a year ago. Crude oil equivalent was 651.0 (MBoe) against 439.8 (MBoe) a year ago. For the nine months, the company reported crude oil per day of 3,607 (Bblpd) against 2,313 (Bblpd) a year ago. Natural gas per day was 7,800 (Mcfpd) against 9,924 (Mcfpd) a year ago. Natural gas liquids per day was 520 (Bblpd) against 403 (Bblpd) a year ago. Crude oil equivalent per day was 5,428 (Boepd) against 4,371 (Boepd) a year ago. Crude oil equivalent was 1,481.8 (MBoe) against 1,193.2 (MBoe) a year ago.

Abraxas Petroleum Corp. Provides Production and Capex Guidance for the Fourth Quarter and Full Year of 2014; Provides Operations Update

Abraxas Petroleum Corporation provided operations update. Williston Basin: At Abraxas' North Fork prospect, in McKenzie County, North Dakota, the Company successfully fracture stimulated the Ravin 4H, which produced 1,143 boepd (914 barrels of oil per day, 1,376 mcf of natural gas per day) over the well's peak 30 days of production. In the Stenehjem unit, Abraxas recently set production casing in the lateral of the 4H. The three Stenehjem wells are scheduled to be fracture stimulated next week. Abraxas recently set surface casing on the Jore 5H, 6H, 7H and 8H. Next, the Company will drill the intermediate sections of all four wells. Abraxas owns a working interest of approximately 53%, 73% and 76% in the Ravin, Stenehjem and Jore wells, respectively. Eagle Ford: At Abraxas' Jourdanton prospect in Atascosa County, Texas, the Ribeye 1H produced 240 boepd (222 barrels of oil per day, 107 mcf of natural gas per day) over the well's peak 30 days of production. The Ribeye 2H produced 389 boepd (359 barrels of oil per day, 184 mcf of natural gas per day) over the well's peak 30 days of production. On the southern fault block of Abraxas' Jourdanton prospect, the company recently drilled and cased the Cat Eye 1H to 15,425 feet (6,500 foot lateral). The Cat Eye 1H is scheduled to be fracture stimulated in December. Abraxas is currently drilling the first of a two well pad in the northern fault block in Jourdanton at the Grass Farm 2H and 3H (7,600 and 5,800 foot laterals, respectively). Abraxas owns a 100% working interest across the Jourdanton prospect. At Abraxas' Cave prospect, in McMullen County, Texas, the Company successfully completed the Dutch 3H and Dutch 4H with a combined 74 frac stages. Both wells are expected to begin flowback shortly. Abraxas holds a 100% working interest in the Dutch 3H and 4H. The company provided production and capex guidance for the fourth quarter and full year of 2014. For the quarter, the company expects total production range from 7,700 Boepd to 8,000 Boepd. Capex in the range of $50 million to $5 million. For the full year, the company expects total production range from 6,000 Boepd to 6,100 Boepd. Capex in the range of $188 million to $192 million.

Abraxas Petroleum Corp. Presents at Stephens Inc. Fall Investment Conference 2014, Nov-12-2014 09:00 AM

Abraxas Petroleum Corp. Presents at Stephens Inc. Fall Investment Conference 2014, Nov-12-2014 09:00 AM. Venue: New York Palace Hotel, 455 Madison Avenue, New York, New York, United States.

 

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AXAS

Industry Average

Valuation AXAS Industry Range
Price/Earnings 6.5x
Price/Sales 3.3x
Price/Book 2.4x
Price/Cash Flow 4.3x
TEV/Sales 2.8x
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