Yahoo Finance Abraxas Petroleum (AXAS) in Focus: Stock Moves 8.1% Higher
Abraxas Petroleum Corporation AXAS was a big mover last session, as the company saw its shares rise over 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $1.94 –$2.24 in the past one-month time frame, witnessed a sharp increase yesterday.
The company has seen its Zacks Consensus Estimate for the current quarter being revised downward over past one month, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Abraxas Petroleum currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Abraxas Petroleum Corporation Price and Consensus
Abraxas Petroleum Corporation Price and Consensus | Abraxas Petroleum Corporation Quote
A better-ranked stock in the United States Oil and Gas Exploration and Production industry is Northern Oil and Gas, Inc. NOG, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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