EPS for Abraxas Petroleum (AXAS) Expected At $0.07; Atlantic American (AAME) Has 3.5 Sentiment

February 13, 2018 - By Stephen Andrade

Atlantic American Corporation, through its subsidiaries, provides life and health, and property and casualty insurance products in the United States. The company has market cap of $66.43 million. The firm offers property and casualty insurance products, including business automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; and inland marine and general liability products. It has a 23.21 P/E ratio. It also provides surety bond coverage for school bus transportation and subdivision construction, as well as performance and payment bonds.

Analysts expect Abraxas Petroleum Corporation (NASDAQ:AXAS) to report $0.07 EPS on March, 13.They anticipate $0.06 EPS change or 600.00% from last quarter’s $0.01 EPS. AXAS’s profit would be $11.51M giving it 7.64 P/E if the $0.07 EPS is correct. After having $0.04 EPS previously, Abraxas Petroleum Corporation’s analysts see 75.00% EPS growth. The stock decreased 1.38% or $0.03 during the last trading session, reaching $2.14. About 216,729 shares traded. Abraxas Petroleum Corporation (NASDAQ:AXAS) has risen 39.85% since February 13, 2017 and is uptrending. It has outperformed by 23.15% the S&P500.

Among 11 analysts covering Abraxas Petroleum (NASDAQ:AXAS), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Abraxas Petroleum had 34 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Imperial Capital on Friday, September 11 with “In-Line”. The firm has “Buy” rating given on Wednesday, September 6 by Canaccord Genuity. Canaccord Genuity maintained Abraxas Petroleum Corporation (NASDAQ:AXAS) rating on Monday, January 8. Canaccord Genuity has “Buy” rating and $3.0 target. The company was initiated on Tuesday, December 19 by Robert W. Baird. Canaccord Genuity maintained it with “Buy” rating and $2.5 target in Tuesday, November 7 report. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, July 13. The stock has “Buy” rating by Stifel Nicolaus on Friday, September 1. The stock of Abraxas Petroleum Corporation (NASDAQ:AXAS) earned “Neutral” rating by Seaport Global on Wednesday, June 21. Robert W. Baird maintained Abraxas Petroleum Corporation (NASDAQ:AXAS) on Wednesday, September 20 with “Hold” rating. Seaport Global upgraded it to “Buy” rating and $2.5000 target in Friday, August 11 report.

Investors sentiment increased to 1.7 in 2017 Q3. Its up 0.48, from 1.22 in 2017Q2. It increased, as 16 investors sold Abraxas Petroleum Corporation shares while 24 reduced holdings. 26 funds opened positions while 42 raised stakes. 71.85 million shares or 5.72% more from 67.97 million shares in 2017Q2 were reported. California State Teachers Retirement owns 240,397 shares. Goldman Sachs Group Inc reported 186,373 shares or 0% of all its holdings. Northern Tru Corp has 0% invested in Abraxas Petroleum Corporation (NASDAQ:AXAS) for 2.12 million shares. Legal And General Group Public Ltd Com owns 0% invested in Abraxas Petroleum Corporation (NASDAQ:AXAS) for 37,087 shares. The Utah-based Wasatch has invested 0.02% in Abraxas Petroleum Corporation (NASDAQ:AXAS). Ameritas Investment holds 0% in Abraxas Petroleum Corporation (NASDAQ:AXAS) or 12,335 shares. Globeflex Capital L P holds 0.04% or 67,989 shares. First Allied Advisory Svcs Incorporated has 0% invested in Abraxas Petroleum Corporation (NASDAQ:AXAS). Covington Cap Management holds 6,300 shares or 0% of its portfolio. Illinois-based Rothschild Il has invested 0% in Abraxas Petroleum Corporation (NASDAQ:AXAS). Advisory Ltd Limited Liability Company holds 0% or 1,000 shares. Pnc Fincl Svcs Grp invested 0% of its portfolio in Abraxas Petroleum Corporation (NASDAQ:AXAS). Wells Fargo Mn, a California-based fund reported 370,662 shares. Amer Int Gru Inc reported 0% of its portfolio in Abraxas Petroleum Corporation (NASDAQ:AXAS). Sigma Planning Corporation accumulated 577,700 shares or 0.09% of the stock.

Abraxas Petroleum Corporation, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of gas and oil properties in the United States. The company has market cap of $351.82 million. The firm operates gas and oil assets in the Permian/Delaware Basin, the Rocky Mountain, and South Texas regions. It has a 23.78 P/E ratio. As of December 31, 2016, its estimated net proved reserves were 44.7 million barrels of oil equivalent.

It closed at $3.25 lastly. It is down 9.42% since February 13, 2017 and is downtrending. It has underperformed by 26.12% the S&P500.

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