Abraxas Petroleum Corporation (NASDAQ:AXAS) went up to recover about 42.21% since recording its record low price of $0.9. The stock experienced -4.48% slump, arriving at $1.28 on 3/14/2019. During the day, the stock price traveled from $1.22 to $1.34. This company shares are 121.09% off its target price of $2.83 and the current market capitalization stands at $217.04M. The recent change has given its price a 2.76% lead over SMA 50 and -60.86% deficit over its 52-week high. The stock witnessed 14.29% gains, -12.33% declines and -43.86% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found AXAS’s volatility during a week at 7.85% and during a month it has been found around 7.56%.

Abraxas Petroleum Corporation (AXAS) Top Holders

Institutional investors currently hold around $124 million or 56.2% in AXAS stock. Look at its top three institutional owners: Blackrock Inc. owns $15.79 million in Abraxas Petroleum Corporation, which represents roughly 7.28% of the company’s market cap and approximately 12.74% of the institutional ownership. Similar statistics are true for the second largest owner, Mangrove Partners, which owns 9,648,318 shares of the stock are valued at $12.93 million. The third largest holder is Vanguard Group Inc, which currently holds $12.22 million worth of this stock and that ownership represents nearly 5.63% of its market capitalization.

Abraxas Petroleum Corporation 13F Filings

At the end of December reporting period, 61 institutional holders increased their position in Abraxas Petroleum Corporation (NASDAQ:AXAS) by some 14,731,140 shares, 83 decreased positions by 19,864,692 and 31 held positions by 58,152,711. That puts total institutional holdings at 92,748,543 shares, according to SEC filings. The stock grabbed 18 new institutional investments totaling 3,037,233 shares while 34 institutional investors sold out their entire positions totaling 9,474,846 shares.

Abraxas Petroleum Corporation (AXAS) Analyst Guide

Several analysts have released their opinion on Abraxas Petroleum Corporation (NASDAQ:AXAS), with 4 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 3 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.62 average brokerage recommendation [T1].