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Stock Market & Financial Investment News

News Breaks
February 20, 2013
17:45 EDTAXASAbraxas Petroleum reports Q4 production averaged about 4,147 boepd
Variance from original guidance was caused by the delayed completions of the Ravin 2H and 3H, considerable unanticipated weather related downtime in the Williston Basin and gas plant issues in the Eagle Ford shale that relegated the Company to flare gas. These issues remained throughout the month of January. Production volumes for the month of February have returned to more normalized levels of an estimated 4,400-4,600 boepd before the recent incremental completions of the Ravin 2H, Ravin 3H and Gran Tornio A 1H as well as the upcoming completion of the Mustang 3H. Given the recent strong base production and incremental production anticipated from the above mentioned Bakken and Eagle Ford completions, Abraxas reiterates its production guidance of 4,900 - 5,200 boepd for 2013.
News For AXAS From The Last 14 Days
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December 17, 2014
07:12 EDTAXASAbraxas Petroleum has strong wellhead level returns, says SunTrust
After conducting a well study in the Williston Basin, SunTrust says that Abraxas' wellhead-level returns appear to be the strongest in its coverage. The firm thinks the company's low debt levels leave it well-positioned to buy land at attractive prices. SunTrust reiterates a $5 price target and keeps a Buy rating on the stock. .
December 16, 2014
09:59 EDTAXASOn The Fly: Analyst Downgrade Summary
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06:42 EDTAXASAbraxas Petroleum downgraded to Neutral from Outperform at RW Baird
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06:20 EDTAXASAbraxas Petroleum to host conference call
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December 15, 2014
18:30 EDTAXASOn The Fly: After Hours Movers
UP AFTER EARNINGS: VeriFone Systems (PAY), up 1.5%. ALSO HIGHER: Prothena (PRTA), up 10.7% after receiving FDA fast track designation for NEOD001... Boeing (BA), up 2.3% after increasing dividend by 25% and authorizing a $12B share repurchase plan... Yamana Gold (AUY), up 4.6% after reporting new discoveries at Chapada, El Penon. LOWER: Abraxas Petroleum (AXAS), down 2% after reporting fourth quarter volume guidance and fiscal 2015 production guidance.
18:07 EDTAXASAbraxas Petroleum CEO cites 'significant obstacles in Q4'
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18:05 EDTAXASAbraxas Petroleum sees 2015 production 7,200-7,300 Boepd
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17:59 EDTAXASAbraxas Petroleum sees Q4 volumes 6,700-6,800 Boepd
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December 8, 2014
07:40 EDTAXASMany E&P target prices lowered at SunTrust
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