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Stock Market & Financial Investment News

News Breaks
August 4, 2014
16:37 EDTAXASAbraxas Petroleum reports Q2 production average 4,987 boepd
Abraxas Petroleum provided an operational, production and guidance update. At Abraxas’ Jourdanton prospect in Atascosa County, Texas, the company said it successfully completed the Ribeye 1H and Ribeye 2H with a combined 49 frac stages. After drill out, the wells will be placed on production and thirty day rates will be provided when available. At Abraxas’ Dilworth East prospect, the R. Henry 2H averaged 780 boepd over the well’s first 30 full days of production. At Abraxas’ North Fork prospect, in McKenzie County, North Dakota, the Company completed the Ravin 5H, 6H and 7H with a combined 99 frac stages. The Ravin 4H was completed with seven stages before encountering mechanical issues. The company elected to pull the 4.5 inch tie back string, polished bore receptacle and seal assembly before resuming the fracture stimulation of the well. It is anticipated the Company will resume the completion of the Ravin 4H and turn the well to sales by late September. The Ravin 5H, 6H and 7H, which will test 660 foot spacing in the Middle Bakken, are expected to begin flowback shortly. Production for Q2 averaged approximately 4,987 boepd, 312 boepd above the midpoint of guidance of 4,600-4,750 boepd. IT sees 2014 production of 6,500-6,700 Boepd.
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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