Abraxas Petroleum (AXAS) Reaches $2.08 After 9.00% Down Move; Profile of 6 Analysts Covering Belden Inc. (BDC)

February 15, 2018 - By Henry Gaston

The stock of Abraxas Petroleum Corporation (NASDAQ:AXAS) is a huge mover today! The stock decreased 2.80% or $0.06 during the last trading session, reaching $2.08. About 347,194 shares traded. Abraxas Petroleum Corporation (NASDAQ:AXAS) has risen 39.85% since February 15, 2017 and is uptrending. It has outperformed by 23.15% the S&P500.The move comes after 7 months negative chart setup for the $341.96 million company. It was reported on Feb, 15 by Barchart.com. We have $1.89 PT which if reached, will make NASDAQ:AXAS worth $30.78M less.

Among 13 analysts covering Belden Inc. (NYSE:BDC), 6 have Buy rating, 0 Sell and 7 Hold. Therefore 46% are positive. Belden Inc. had 25 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Buy” rating by Goldman Sachs given on Friday, June 23. The stock of Belden Inc. (NYSE:BDC) has “Buy” rating given on Wednesday, August 2 by Guggenheim. The company was upgraded on Friday, July 31 by TheStreet. The rating was maintained by SunTrust with “Hold” on Thursday, February 1. As per Thursday, July 6, the company rating was maintained by Stifel Nicolaus. The stock has “Buy” rating by Canaccord Genuity on Tuesday, December 8. The firm has “Buy” rating by Canaccord Genuity given on Monday, July 10. Guggenheim initiated the shares of BDC in report on Tuesday, July 11 with “Buy” rating. The rating was maintained by Deutsche Bank on Thursday, August 3 with “Buy”. Stifel Nicolaus maintained Belden Inc. (NYSE:BDC) on Wednesday, December 6 with “Buy” rating. See Belden Inc. (NYSE:BDC) latest ratings:

01/02/2018 Broker: SunTrust Rating: Hold New Target: $88.0 Maintain
06/12/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $97.0 Maintain
01/12/2017 Broker: Cross Research Old Rating: Buy New Rating: Hold Downgrade
11/10/2017 Broker: SunTrust Rating: Hold New Target: $82.0 Maintain
20/09/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $87.0 Maintain
12/09/2017 Broker: Canaccord Genuity Rating: Buy New Target: $88.0 Maintain
16/08/2017 Broker: Canaccord Genuity Rating: Buy New Target: $83.0 Maintain

Investors sentiment increased to 1.7 in 2017 Q3. Its up 0.48, from 1.22 in 2017Q2. It improved, as 16 investors sold Abraxas Petroleum Corporation shares while 24 reduced holdings. 26 funds opened positions while 42 raised stakes. 71.85 million shares or 5.72% more from 67.97 million shares in 2017Q2 were reported. Utd Ser Automobile Association holds 0% of its portfolio in Abraxas Petroleum Corporation (NASDAQ:AXAS) for 213,100 shares. Cadence Management Ltd Limited Liability Company invested in 929,532 shares or 0.11% of the stock. D E Shaw And Incorporated holds 0% in Abraxas Petroleum Corporation (NASDAQ:AXAS) or 100,359 shares. Minnesota-based Thrivent Fincl For Lutherans has invested 0% in Abraxas Petroleum Corporation (NASDAQ:AXAS). The Florida-based Aviance Capital Mgmt Limited Company has invested 0% in Abraxas Petroleum Corporation (NASDAQ:AXAS). Mutual Of America Ltd Com holds 0.02% of its portfolio in Abraxas Petroleum Corporation (NASDAQ:AXAS) for 807,519 shares. Renaissance Technologies Limited Company holds 174,300 shares or 0% of its portfolio. New York-based Goldman Sachs has invested 0% in Abraxas Petroleum Corporation (NASDAQ:AXAS). Wells Fargo And Mn reported 370,662 shares. Globeflex Cap Limited Partnership invested 0.04% of its portfolio in Abraxas Petroleum Corporation (NASDAQ:AXAS). Federated Invsts Pa has invested 0% in Abraxas Petroleum Corporation (NASDAQ:AXAS). Art Advsrs Ltd Com invested in 0.01% or 90,508 shares. Phoenix Investment Adviser Limited Company reported 0.04% in Abraxas Petroleum Corporation (NASDAQ:AXAS). Rothschild Corporation Il reported 20,000 shares. Blackrock has 10.82 million shares for 0% of their portfolio.

Among 11 analysts covering Abraxas Petroleum (NASDAQ:AXAS), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Abraxas Petroleum had 34 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Canaccord Genuity with “Buy” on Sunday, February 4. On Thursday, October 5 the stock rating was maintained by Stifel Nicolaus with “Buy”. The company was upgraded on Friday, August 11 by Seaport Global. Robert W. Baird maintained Abraxas Petroleum Corporation (NASDAQ:AXAS) rating on Wednesday, September 20. Robert W. Baird has “Hold” rating and $3.0 target. On Tuesday, December 19 the stock rating was initiated by Robert W. Baird with “Buy”. The stock of Abraxas Petroleum Corporation (NASDAQ:AXAS) has “Buy” rating given on Friday, August 7 by Canaccord Genuity. Canaccord Genuity maintained it with “Buy” rating and $3.0 target in Monday, January 8 report. As per Wednesday, July 13, the company rating was initiated by Ladenburg Thalmann. The firm has “Buy” rating given on Wednesday, September 6 by Canaccord Genuity. Imperial Capital maintained the stock with “In-Line” rating in Friday, September 11 report.

Abraxas Petroleum Corporation, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of gas and oil properties in the United States. The company has market cap of $341.96 million. The firm operates gas and oil assets in the Permian/Delaware Basin, the Rocky Mountain, and South Texas regions. It has a 23.11 P/E ratio. As of December 31, 2016, its estimated net proved reserves were 44.7 million barrels of oil equivalent.

Analysts await Abraxas Petroleum Corporation (NASDAQ:AXAS) to report earnings on March, 13. They expect $0.07 earnings per share, up 600.00% or $0.06 from last year’s $0.01 per share. AXAS’s profit will be $11.51 million for 7.43 P/E if the $0.07 EPS becomes a reality. After $0.04 actual earnings per share reported by Abraxas Petroleum Corporation for the previous quarter, Wall Street now forecasts 75.00% EPS growth.

The stock decreased 0.03% or $0.02 during the last trading session, reaching $73.81. About 158,438 shares traded. Belden Inc. (NYSE:BDC) has risen 12.57% since February 15, 2017 and is uptrending. It has underperformed by 4.13% the S&P500.

Belden Inc. designs, manufactures, and markets signal transmission solutions worldwide. The company has market cap of $3.11 billion. The Company’s Broadcast Solutions segment offers camera solutions, production switchers, server and storage systems for instant replay applications, interfaces and routers, monitoring systems, network and playout systems, plant connectivity products, and cable and connectivity products for television broadcast, cable, satellite, and IPTV industries. It has a 53.88 P/E ratio. The companyÂ’s Enterprise Connectivity Solutions segment provides copper cable and connectivity solutions, fiber cable and connectivity solutions, and racks and enclosures; and power, cooling, and airflow management products for mission-critical data center operations.

Since September 7, 2017, it had 0 insider purchases, and 3 insider sales for $1.78 million activity. The insider Turner Paul Keith sold $292,677. Another trade for 17,227 shares valued at $1.46M was made by Stroup John S on Friday, October 6.

Investors sentiment increased to 1.18 in Q3 2017. Its up 0.18, from 1 in 2017Q2. It increased, as 20 investors sold Belden Inc. shares while 69 reduced holdings. 33 funds opened positions while 72 raised stakes. 43.50 million shares or 2.17% more from 42.57 million shares in 2017Q2 were reported. Ls Advisors Limited Liability invested in 0.02% or 3,203 shares. Opus Capital Limited Co holds 0.7% or 38,040 shares. Paloma Prtn Mgmt Com has 0.03% invested in Belden Inc. (NYSE:BDC). Brighton Jones Llc stated it has 0.04% in Belden Inc. (NYSE:BDC). Thrivent Financial For Lutherans holds 0.1% or 358,710 shares. Teachers Retirement Of The State Of Kentucky owns 9,750 shares. Strs Ohio invested 0.02% in Belden Inc. (NYSE:BDC). Advantus Mngmt reported 0.01% stake. The Illinois-based Citadel Advsr Llc has invested 0% in Belden Inc. (NYSE:BDC). Aristotle Boston Lc holds 203,219 shares or 1.47% of its portfolio. Global X Management Communications Lc invested in 0.04% or 18,617 shares. National Bank Of New York Mellon owns 0.02% invested in Belden Inc. (NYSE:BDC) for 904,044 shares. Moreover, Amalgamated Fincl Bank has 0.01% invested in Belden Inc. (NYSE:BDC). California State Teachers Retirement Sys stated it has 0.01% in Belden Inc. (NYSE:BDC). Systematic Financial Mngmt L P reported 1.26% stake.

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