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Abraxas Petroleum Corp (AXAS.OQ)

AXAS.OQ on NASDAQ Stock Exchange Capital Market

2.06USD
22 Nov 2017
Change (% chg)

$0.08 (+4.04%)
Prev Close
$1.98
Open
$2.01
Day's High
$2.12
Day's Low
$2.01
Volume
397,938
Avg. Vol
208,964
52-wk High
$2.99
52-wk Low
$1.46

Latest Key Developments (Source: Significant Developments)

Abraxas Q3 adjusted earnings per share $0.04 excluding items
Wednesday, 8 Nov 2017 

Nov 7 (Reuters) - Abraxas Petroleum Corp ::Abraxas announces third quarter 2017 results.Q3 adjusted earnings per share $0.04 excluding items.Q3 earnings per share $0.00.Q3 revenue $24.7 million versus I/B/E/S view $25.2 million.Q3 earnings per share view $0.04 -- Thomson Reuters I/B/E/S.‍production for Q3 of 2017 averaged 8,745 boepd​.  Full Article

Abraxas Petroleum posts Q4 adjusted earnings $0.01/shr
Wednesday, 15 Mar 2017 

Abraxas Petroleum Corp : Abraxas announces 2016 results . Q4 adjusted earnings per share $0.01 excluding items . Q4 loss per share $0.04 . Q4 revenue $22 million versus I/B/E/S view $20.3 million . Q4 earnings per share view $-0.01 -- Thomson Reuters I/B/E/S .Abraxas Petroleum Corp qtrly production of 732 mboe (7,955 boepd).  Full Article

Abraxas provides divestiture, hedging and operational update
Wednesday, 21 Sep 2016 

Abraxas Petroleum Corp: Abraxas provides divestiture, hedging and operational update . Says proceeds will be used to pay down company's credit facility to approximately $88 million . In Abraxas' gulf coast region, recently closed on sale of portilla field, associated surface acreage for net proceeds of about $13 million .In Texas, signed deal to sell company's 12,178 acre surface ranch and ½ of Co's minerals on property for gross proceeds of $6.7 million.  Full Article

Abraxas petroleum q2 adjusted non-gaap loss per share $0.05 excluding items
Wednesday, 10 Aug 2016 

Abraxas Petroleum Corp : Q2 adjusted non-gaap loss per share $0.05 excluding items . Q2 revenue $11 million versus I/B/E/S view $12.8 million . Abraxas announces second quarter 2016 results . Q2 loss per share $0.40 . Q2 earnings per share view $0.00 -- Thomson Reuters I/B/E/S . Production volumes for q2 were negatively impacted by gas processing curtailments in permian and shut-ins and downtime in bakken .Production for q2 of 2016 averaged approximately 4,883 boepd.  Full Article

Abraxas Petroleum says files for mixed shelf of upto $200 mln - SEC Filing
Friday, 1 Jul 2016 

Abraxas Petroleum Corp :Files for mixed shelf of upto $200 million - SEC Filing.  Full Article

Abraxas announces spudding of first well targeting the Austin Chalk at Jourdanton
Wednesday, 22 Jun 2016 

Abraxas Petroleum Corp : Abraxas is adjusting company's 2016 capital expenditure guidance to $30-$40 million . Production guidance remains 6,000-6,400 BOEPD for 2016 .Abraxas announces spudding of first well targeting the Austin Chalk at Jourdanton; updates status of potential joint venture and provides capital expenditure update; announces departure of vice president of exploration.  Full Article

Abraxas Petroleum prices 25 mln stock offering at $1/shr
Friday, 20 May 2016 

Abraxas Petroleum Corp : Abraxas Petroleum announces pricing of common stock offering . Says public offering of 25.0 million common shares priced at $1.00 per share .Says public offering of 25.0 million common shares priced at $1.00 per share.  Full Article

Abraxas Petroleum says offering 25 mln common shares
Friday, 20 May 2016 

Abraxas Petroleum Corp : Says offering 25.0 million common shares .Abraxas Petroleum Corp says intends to use net proceeds from this offering to repay indebtedness outstanding under credit facility.  Full Article

Abraxas Petroleum Corp says ends sales efforts for some assets
Friday, 20 May 2016 

Abraxas Petroleum Corp : Recently elected to conclude sales efforts for company's Ward and Reeves County assets . Decided that best way to maximize value of these assets was to commence a development program . Plans to test Bone Spring and Wolfcamp A across this acreage by commencing a two well drilling program this year . Abraxas plans to spud company's first well in Q3 of 2016 . Abraxas' capital budget for 2016 has been preliminarily increased to $40 million for 2016 . Estimated 2016 production volumes associated with $40 million budget are forecasted to be 6,200 boepd at midpoint of guidance . Sold an overriding royalty interest that varies from 1 pct - 5 pct across 3,184 net acres in Martin County, Texas for approximately $2.8 million . Estimated production volumes associated with $40 million budget are forecasted to be 6,200 boepd at midpoint of guidance for 2016 .Abraxas provides operations update; raises 2016 guidance and capital budget.  Full Article

Abraxas Petroleum Q1 loss per share $0.39
Wednesday, 11 May 2016 

Abraxas Petroleum Corp Says Maintains Its Stated Production Guidance Of 5,800 : After applying additional free cash flow to paying down borrowings currently have $123.0 million outstanding on revolving line of credit . Abraxas petroleum corp says signed a proposal and expect to close on sale of some overriding royalty interests for $2.8 million in coming week . Says maintains its stated production guidance of 5,800-6,300 boepd for year . Abraxas petroleum corp says post close expect to reduce borrowings further to approximately $120.0 million . 15% drop in production from q1 to q2 of 2016 . 6,300 boepd for year . Abraxas announces first quarter 2016 results . Q1 adjusted non-gaap loss per share $0.01 excluding items . Q1 loss per share $0.39 . Q1 revenue $15.3 million versus i/b/e/s view $13.9 million .Q1 earnings per share view $-0.02 -- Thomson Reuters I/B/E/S.  Full Article