$0.63 EPS Expected for Canadian Western Bank (CWB); Abraxas Petroleum (AXAS) Has 1.22 Sentiment

September 6, 2017 - By Michael Collier

Abraxas Petroleum Corporation is an independent energy company. The company has market cap of $278.54 million. The Firm is engaged in the acquisition, exploration, development and production of gas and oil. It has a 25.31 P/E ratio. As of December 31, 2016, the Company’s estimated net proved reserves were 44.7 million barrels of oil equivalent , of which 33.6% were classified as proved developed, 74% were oil and natural gas liquids (NGL), and 95% of which (on a PV-10 basis) were operated by the Company.

Analysts expect Canadian Western Bank (TSE:CWB) to report $0.63 EPS on September, 7.They anticipate $0.03 EPS change or 5.00% from last quarter’s $0.6 EPS. T_CWB’s profit would be $55.59 million giving it 11.87 P/E if the $0.63 EPS is correct. After having $0.59 EPS previously, Canadian Western Bank’s analysts see 6.78% EPS growth. The stock decreased 0.23% or $0.07 on September 5, reaching $29.92. About 556,363 shares traded or 66.20% up from the average. Canadian Western Bank (TSE:CWB) has 0.00% since September 6, 2016 and is . It has underperformed by 16.70% the S&P500.

Portolan Capital Management Llc holds 0.92% of its portfolio in Abraxas Petroleum Corp. for 2.67 million shares. Blb&B Advisors Llc owns 1.66 million shares or 0.74% of their US portfolio. Moreover, Lyon Street Capital Llc has 0.66% invested in the company for 503,255 shares. The Connecticut-based Thomson Horstmann & Bryant Inc has invested 0.62% in the stock. Wall Street Associates, a California-based fund reported 351,700 shares.

The stock decreased 1.16% or $0.02 during the last trading session, reaching $1.7. About shares traded. Abraxas Petroleum Corp. (AXAS) has risen 39.85% since September 6, 2016 and is uptrending. It has outperformed by 23.15% the S&P500.

Ratings analysis reveals 100% of Abraxas Petroleum’s analysts are positive. Out of 2 Wall Street analysts rating Abraxas Petroleum, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $3.0 while the high is $3.5. The stock’s average target of $3.25 is 91.18% above today’s ($1.7) share price. AXAS was included in 2 notes of analysts from October 21, 2016. The rating was initiated by Rodman & Renshaw with “Buy” on Friday, October 21. Stifel Nicolaus upgraded the stock to “Buy” rating in Friday, January 20 report.

Among 8 analysts covering Canadian Western Bank (TSE:CWB), 2 have Buy rating, 0 Sell and 6 Hold. Therefore 25% are positive. Canadian Western Bank had 54 analyst reports since August 12, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Friday, March 3 by IBC. The stock of Canadian Western Bank (TSE:CWB) earned “Sector Perform” rating by RBC Capital Markets on Friday, May 26. The company was maintained on Thursday, March 30 by RBC Capital Markets. As per Friday, September 4, the company rating was maintained by Scotia Capital. The firm has “Outperform” rating by RBC Capital Markets given on Friday, September 1. The firm earned “Sector Perform” rating on Friday, December 2 by Scotia Capital. Scotia Capital maintained it with “Sector Perform” rating and $27 target in Friday, June 3 report. The rating was maintained by Scotia Capital on Wednesday, March 29 with “Sector Perform”. The firm has “Neutral” rating given on Tuesday, January 17 by Credit Suisse. GMP Securities downgraded the shares of CWB in report on Friday, June 3 to “Hold” rating.

Canadian Western Bank is a Canada bank engaged in offering a range of financial services. The company has market cap of $2.64 billion. The Bank specializes in mid-market commercial banking, real estate and construction financing, and equipment financing and leasing. It has a 13.13 P/E ratio. The Bank offers financing solutions through CWB Equipment Financing, National Leasing, CWB Maxium Financial, CWB Franchise Finance and CWB Optimum Mortgage, trust services through Canadian Western Trust and wealth advisory services through CWB Wealth Management.