With a one year PEG ratio of 0.06, Abraxas Petroleum Corp is expected to have a higher PEG ratio (a measure of how expensive a stock is relative to its expected earnings growth) than just 1.98% of US stocks.
Of note is the ratio of Abraxas Petroleum Corp's sales and general administrative expense to its total operating expenses; just 3.47% of US stocks have a lower such ratio.
The volatility of Abraxas Petroleum Corp's share price is greater than that of 99.71% US stocks with at least 200 days of trading history.
Stocks that are quantitatively similar to AXAS, based on their financial statements, market capitalization, and price volatility, are MTDR, GTE, SM, ARLP, and HNRG.
Abraxas Petroleum Corporation engages in the acquisition, exploitation, development, and production of oil and gas properties in the United States. The company operates oil and gas assets in the Rocky Mountain, Permian Basin, and onshore Gulf Coast regions. The company was founded in 1977 and is based in San Antonio, Texas.
Abraxas Petroleum (AXAS) announced that it completed its refinancing transactions and is renewing its review of strategic alternatives. This points to a potential outcome where the company attempts to sell itself for any amount that covers its existing debt. Abraxas's second-lien lenders have control over the company's capital expenditure plans,...
Elephant Analytics on Seeking Alpha | September 1, 2020
SAN ANTONIO--(BUSINESS WIRE)--Abraxas Petroleum Corporation (“Abraxas” or the “Company”) (NASDAQ:AXAS) today announced that it has completed the final elements of its recent refinancing transactions. As disclosed in the Company’s Form 8-K filed on August 13, 2020 with the Securities and Exchange Commission, the Company issued a Warrant to an affiliate of Angelo Gordon (collectively, “AG”) granting AG the right to purchase up to 33,445,792 shares of the Company’s common stock for a purchase pric
SAN ANTONIO--(BUSINESS WIRE)--Abraxas Petroleum Corporation (“Abraxas” or the “Company”) (NASDAQ:AXAS) today announced that its Board of Directors has determined to renew the strategic alternatives review announced last October and led by Petrie Partners, LLC (“Petrie”). “Petrie has been a great partner for Abraxas in the past,” said Bob Watson, Abraxas CEO. “Now that we have successfully amended our agreements with Angelo Gordon and our banks, we look forward to working with Petrie to examine
Abraxas Petroleum (AXAS) finally filed its 10-Q for Q1 2020 in early July. This filing shows a company that is facing substantial production declines as it suspends capex. Production by late 2021 may be less than half that of its Q4 2019 production. Abraxas's hedges should allow it to pay...
Elephant Analytics on Seeking Alpha | July 23, 2020