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Zacks Investment Research upgraded Abraxas Petroleum Corp. (NASDAQ:AXAS) to Hold in a statement released earlier today.

Having a price of $1.60, Abraxas Petroleum Corp. (NASDAQ:AXAS) traded -1.84% lower on the day. With the last close up 23.07% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Abraxas Petroleum Corp. has recorded a 50-day average of $1.59 and a two hundred day average of $1.30. Volume of trade was down over the average, with 217,803 shares of AXAS changing hands under the typical 893,012

Zacks Investment Research has upgraded Abraxas Petroleum Corp. (NASDAQ:AXAS) to Hold in a statement released on 10/17/2016.

Performance Chart

Abraxas Petroleum Corp. (NASDAQ:AXAS)

With a total market value of $0, Abraxas Petroleum Corp. has with a one year low of $0.65 and a one year high of $1.85 .

A total of 10 brokerages have released a report on Abraxas Petroleum Corp.. zero brokerages rating the company a strong buy, zero brokerages rating the company a buy, zero brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $1.68.

General Company Details For Abraxas Petroleum Corp. (NASDAQ:AXAS)

Abraxas Petroleum Corporation is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and gas. The Company's estimated net proved reserves are approximately 43.2 million barrels of oil equivalent (MMBoe), of which over 38% are classified as proved developed, approximately 71% are oil and natural gas liquids (NGL), and approximately 95% of which (on a PV-10 basis) are operated by the Company. The Company's daily net production is approximately 5,970 barrels of oil equivalent per day (Boepd), of which over 77% is oil or liquids. The Company's oil and gas assets are located in three operating regions: the Rocky Mountain, Permian Basin and onshore Gulf Coast. The Company's properties in the Rocky Mountain region are located in the Williston Basin of North Dakota and Montana, and in the Green River Powder River and Unita Basins of Wyoming and Utah.

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