Investors Feeling Jittery About Abraxas Petroleum Corporation (AXAS), TimkenSteel Corporation (TMST)

Abraxas Petroleum Corporation (NASDAQ:AXAS) attracted a higher number of shares in volume with 1.95 million contracts traded on 31-Oct-17. However, its trading capacity stayed around 1 million shares in normal days. The first sale was made at $2.01 but later the stock became weaker, and closed with a gain of 6.5%. It was last traded at $2.13 apiece.

Abraxas Petroleum Corporation (AXAS): Outperform Candidate With 26.76% Upside Potential

Abraxas Petroleum Corporation is maintained at an average outperform rating by 8 stock analysts, and there are at least 0.99% of shares outstanding that are currently legally short sold. The shares went up by 9.23% in value last month. Year-to-date it plunged -17.12%. Analysts are turning out to be more optimistic than before, with 7 of analysts who cover Abraxas Petroleum Corporation (NASDAQ:AXAS) advice adding it to buy candidate list. Wall Street experts also assign a $2.7 price target on Abraxas Petroleum Corporation, pointing towards a 26.76% rally from current levels. The stock is trading for about -28.76% less than its 52-week high.

Abraxas Petroleum Corporation Reports -6.44% Sales Growth

Abraxas Petroleum Corporation (AXAS) remained unsuccessful in beating the consensus-estimated $0.02 as it actually earned $0.01 per share in its last reported financial results. Revenue, on the other hand, scored -6.44% growth from the previous quarter, coming up with $17.58 million.

AXAS Adds 9.23% In A Week

This company shares (AXAS) so far managed to recover 46.9% since collapsing to its 52-week low. Over a month, it has seen its stock price volatility to stay at 4.52% while shortening the period to a week, volatility was 4.22%. The share price has already crossed its 20 days moving average, floating at a distance of 9.48% and sits 16.24% higher versus its 50 days moving average. When looking at the past five sessions, the stock returned 9.23% gains and is up by 11.26% compared with its 200-day moving average of $1.79. Also, Abraxas Petroleum Corporation (AXAS) needs to expand a 31.48% increase it experienced over the past twelve months.

TimkenSteel Corporation (NYSE:TMST) Consensus Call At 2.6

As regular trading ended, TimkenSteel Corporation (TMST) stock brought in a -$0.8 drop to $14. The day started at a price of $14.8 but then traded as high as $14.94 before giving part of the gains back. As for this week, analysts appear content to stick with their neutral outlook with the consensus call at 2.6. TimkenSteel Corporation is given 0 buy-equivalent recommendations, 0 sells and 3 holds. The company shares sank -39.13% from their peak of $ 23.00 and now has a $697.76 million market value of equity.

TimkenSteel Corporation Could Grow 40.5% More

TMST’s mean recommendation on Reuter’s scale improved from 2.5 thirty days ago to 2.6 now, which indicates a hold consensus from the analyst community. They see TimkenSteel Corporation (TMST) price hitting a mean target of $19.67 a share, meaning the stock still has potential that could lift the price another 40.5% Also, the recent close suggests the stock is underpriced by 64.29% compared to the most bullish target.

TimkenSteel Corporation (TMST) Returns -9.56% This Year

The company had seen its current volume reaching at 1.07 million shares in the last trade. That compares with the recent volume average of 0.42 million. At the close of regular trading, its last week’s stock price volatility was 3.94% which for the month reaches 6.37%. TimkenSteel Corporation dipped to as low as $13.95 throughout the day and has returned -9.56% in this year. At one point in the past year, the shares traded as low as $9.385 but has recovered 49.17% since then.

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