Abraxas Petroleum Corporation (NASDAQ:AXAS) reached 61.09% versus a 1-year low price of $0.9. The stock was last seen 3.57% higher, reaching at $1.45 on 4/12/2019. At a recent session, the prices were hovering between $1.42 and $1.485. This company shares are 77.93% off its target price of $2.58 and the current market capitalization stands at $242.57M. The recent change has given its price a 14.01% lead over SMA 50 and -55.66% deficit over its 52-week high. The stock witnessed 13.28% gains, 7.41% gains and -32.56% 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 5.69% and during a month it has been found around 6.95%.

Abraxas Petroleum Corporation (AXAS) Top Holders

Institutional investors currently hold around $134 million or 56.1% in AXAS stock. Look at its top three institutional owners: Blackrock Inc. owns $17.09 million in Abraxas Petroleum Corporation, which represents roughly 7.05% of the company’s market cap and approximately 12.75% 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 $13.99 million. The third largest holder is Vanguard Group Inc, which currently holds $13.22 million worth of this stock and that ownership represents nearly 5.45% of its market capitalization.

Abraxas Petroleum Corporation 13F Filings

At the end of December reporting period, 59 institutional holders increased their position in Abraxas Petroleum Corporation (NASDAQ:AXAS) by some 14,547,967 shares, 85 decreased positions by 20,047,865 and 31 held positions by 57,969,538. That puts total institutional holdings at 92,565,370 shares, according to SEC filings. The stock grabbed 16 new institutional investments totaling 2,854,060 shares while 36 institutional investors sold out their entire positions totaling 9,658,019 shares.

Abraxas Petroleum Corporation (NASDAQ:AXAS) Insider Trades

Multiple company employees have indulged in significant insider trading. Abraxas Petroleum Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Vice President – Operations Johnson Kenneth Wayne has sold 7,788 shares of Abraxas Petroleum Corporation (AXAS) in the trading session dated Mar. 19, 2019. These shares are worth $11,137 and were traded at $1.43 each. The SEC filing shows that Clarke Tod A performed a sale of 3,462 shares. The Vice President – Land disposed these shares by way of transaction on Mar. 19, 2019. The company’s shares were given away at $1.43 per share worth to an income of some $4,951 to the account of Clarke Tod A.

VP – Contracts and Marketing, WENDEL STEPHEN T, purchased 8,580 common shares of Abraxas Petroleum Corporation (AXAS) in the open market. In a transaction dated Feb. 08, 2019, the shares were bought at an average price of $1.12, giving away a sum of $9,610. After this purchase, 466,384 common shares of AXAS are directly owned by the insider, with total stake valued at $676,257.

In the transaction dated Feb. 08, 2019, a great number of shares acquired came courtesy the President/CEO; WATSON ROBERT L G added a total of 8,580 shares at an average price of $1.12, amounting to approximately $9,610. The insider now directly owns 1,639,470 shares worth $2,377,232.

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].