Abraxas Petroleum (AXAS) Reaches $2.78 52-Week High; Celanese Celanese Series A (CE) Sellers Decreased By 27.17% Their Shorts

April 17, 2018 - By Migdalia James

Celanese Corporation (NYSE:CE) Logo

The stock of Abraxas Petroleum Corporation (NASDAQ:AXAS) hit a new 52-week high and has $2.89 target or 4.00% above today’s $2.78 share price. The 6 months bullish chart indicates low risk for the $457.09 million company. The 1-year high was reported on Apr, 17 by Barchart.com. If the $2.89 price target is reached, the company will be worth $18.28M more. The stock increased 2.58% or $0.07 during the last trading session, reaching $2.78. About 499,273 shares traded. Abraxas Petroleum Corporation (NASDAQ:AXAS) has risen 11.92% since April 17, 2017 and is uptrending. It has outperformed by 0.37% the S&P500.

Celanese Corporation Celanese Corporation Series A (NYSE:CE) had a decrease of 27.17% in short interest. CE’s SI was 954,400 shares in April as released by FINRA. Its down 27.17% from 1.31 million shares previously. With 1.09 million avg volume, 1 days are for Celanese Corporation Celanese Corporation Series A (NYSE:CE)’s short sellers to cover CE’s short positions. The SI to Celanese Corporation Celanese Corporation Series A’s float is 0.71%. The stock increased 4.38% or $4.664 during the last trading session, reaching $111.084. About 856,554 shares traded or 7.58% up from the average. Celanese Corporation (NYSE:CE) has risen 9.78% since April 17, 2017 and is uptrending. It has underperformed by 1.77% the S&P500.

Since April 4, 2018, it had 7 insider buys, and 0 insider sales for $94,183 activity. WALLACE WILLIAM H had bought 7,274 shares worth $16,003. The insider Clarke Tod A bought 4,729 shares worth $10,404. 7,149 Abraxas Petroleum Corporation (NASDAQ:AXAS) shares with value of $15,728 were bought by WENDEL STEPHEN T. Another trade for 7,478 shares valued at $16,452 was bought by WATSON ROBERT L G. Bommer Peter A. had bought 4,302 shares worth $9,464. King Geoffrey R. also bought $16,654 worth of Abraxas Petroleum Corporation (NASDAQ:AXAS) on Wednesday, April 4. $9,478 worth of Abraxas Petroleum Corporation (NASDAQ:AXAS) shares were bought by Schwartz Dirk A.

Analysts await Abraxas Petroleum Corporation (NASDAQ:AXAS) to report earnings on May, 8 after the close. They expect $0.12 earnings per share, up 300.00% or $0.09 from last year’s $0.03 per share. AXAS’s profit will be $19.73M for 5.79 P/E if the $0.12 EPS becomes a reality. After $0.04 actual earnings per share reported by Abraxas Petroleum Corporation for the previous quarter, Wall Street now forecasts 200.00% EPS growth.

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 $457.09 million. The firm operates gas and oil assets in the Permian/Delaware Basin, the Rocky Mountain, and South Texas regions. It has a 28.08 P/E ratio. As of December 31, 2016, its estimated net proved reserves were 44.7 million barrels of oil equivalent.

Among 11 analysts covering Abraxas Petroleum (NASDAQ:AXAS), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Abraxas Petroleum has $4 highest and $1 lowest target. $2.70’s average target is -2.88% below currents $2.78 stock price. Abraxas Petroleum had 36 analyst reports since July 21, 2015 according to SRatingsIntel. Imperial Capital maintained Abraxas Petroleum Corporation (NASDAQ:AXAS) on Thursday, December 17 with “In-Line” rating. As per Tuesday, December 19, the company rating was initiated by Robert W. Baird. As per Friday, January 20, the company rating was upgraded by Stifel Nicolaus. The stock of Abraxas Petroleum Corporation (NASDAQ:AXAS) has “In-Line” rating given on Friday, September 11 by Imperial Capital. The stock of Abraxas Petroleum Corporation (NASDAQ:AXAS) has “Buy” rating given on Friday, August 7 by Canaccord Genuity. Canaccord Genuity maintained Abraxas Petroleum Corporation (NASDAQ:AXAS) on Monday, October 23 with “Buy” rating. Euro Pacific Capital maintained Abraxas Petroleum Corporation (NASDAQ:AXAS) on Friday, September 4 with “Buy” rating. The firm has “Buy” rating given on Friday, September 1 by Stifel Nicolaus. The stock has “Buy” rating by Canaccord Genuity on Monday, January 8. Canaccord Genuity maintained the shares of AXAS in report on Wednesday, January 24 with “Buy” rating.

Investors sentiment decreased to 1.25 in Q4 2017. Its down 0.45, from 1.7 in 2017Q3. It dived, as 10 investors sold Abraxas Petroleum Corporation shares while 45 reduced holdings. 35 funds opened positions while 34 raised stakes. 81.39 million shares or 13.27% more from 71.85 million shares in 2017Q3 were reported. Advisory Svcs Ltd Liability Corp stated it has 0% of its portfolio in Abraxas Petroleum Corporation (NASDAQ:AXAS). Vantage Investment Advsrs Limited Liability owns 1,500 shares or 0% of their US portfolio. Ameritas Investment Prtn stated it has 0% of its portfolio in Abraxas Petroleum Corporation (NASDAQ:AXAS). New York-based Alliancebernstein Limited Partnership has invested 0% in Abraxas Petroleum Corporation (NASDAQ:AXAS). Wasatch Inc has invested 0.03% of its portfolio in Abraxas Petroleum Corporation (NASDAQ:AXAS). Blb&B Limited holds 0.6% or 1.69M shares. Legal And General Public Limited Company has invested 0% of its portfolio in Abraxas Petroleum Corporation (NASDAQ:AXAS). Smith Asset Grp Lp owns 607,382 shares or 0.05% of their US portfolio. Federated Invsts Pa owns 0% invested in Abraxas Petroleum Corporation (NASDAQ:AXAS) for 10,785 shares. United Services Automobile Association has invested 0% in Abraxas Petroleum Corporation (NASDAQ:AXAS). Principal Grp Incorporated has 0% invested in Abraxas Petroleum Corporation (NASDAQ:AXAS) for 27,730 shares. Jane Street Gp Limited Liability holds 26,945 shares or 0% of its portfolio. Gsa Capital Ptnrs Llp has 15,100 shares. 74,464 were accumulated by Balyasny Asset Mgmt Limited Liability Company. Aqr Mgmt Ltd Liability holds 0.01% or 2.72 million shares.

Investors sentiment increased to 1.05 in Q4 2017. Its up 0.14, from 0.91 in 2017Q3. It increased, as 29 investors sold Celanese Corporation shares while 142 reduced holdings. 54 funds opened positions while 126 raised stakes. 125.13 million shares or 1.30% less from 126.78 million shares in 2017Q3 were reported. Winslow Evans & Crocker invested 0.24% in Celanese Corporation (NYSE:CE). 2.50M are held by Lsv Asset Mgmt. Acadian Asset Lc accumulated 0% or 4,796 shares. Hanseatic Management Svcs holds 142 shares or 0.02% of its portfolio. Oregon Pub Employees Retirement Fund holds 0.06% of its portfolio in Celanese Corporation (NYSE:CE) for 34,709 shares. Calamos Advisors Limited Liability holds 0.07% of its portfolio in Celanese Corporation (NYSE:CE) for 134,484 shares. Denali Advisors Ltd Company, California-based fund reported 1,400 shares. Royal Bancorp Of Canada reported 131,422 shares. Thrivent Financial For Lutherans invested in 93,388 shares. Covey Cap Advsrs Ltd Co has invested 4.3% in Celanese Corporation (NYSE:CE). 179,076 were reported by Scout Investments. Tortoise Ltd Liability Com stated it has 0% of its portfolio in Celanese Corporation (NYSE:CE). State Street Corporation invested in 0.03% or 3.47 million shares. Cambridge Investment Research Advsrs reported 0% stake. Veritable Lp holds 0.01% or 3,005 shares in its portfolio.

Celanese Corporation, a technology and specialty materials company, makes and sells value-added chemicals, thermoplastic polymers, and other chemical products worldwide. The company has market cap of $15.09 billion. The companyÂ’s Advanced Engineered Materials segment develops, produces, and supplies specialty polymers for automotive and medical applications, as well as for use in industrial products and consumer electronics. It has a 18.22 P/E ratio. The Company’s Consumer Specialties segment provides cellulose acetate flakes, films, and tows for use in filter products applications; food protection ingredients, such as potassium sorbate and sorbic acid for food and beverage industry; Sunett, a sweetener for use in various beverages, confections, and dairy products; and Qorus, a sweetener system designed for low-to no-calorie carbonated and non-carbonated beverages, flavored waters, energy drinks, and milk and dairy products.

Among 18 analysts covering Celanese (NYSE:CE), 13 have Buy rating, 1 Sell and 4 Hold. Therefore 72% are positive. Celanese had 72 analyst reports since September 1, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, January 25. UBS maintained it with “Neutral” rating and $64 target in Friday, January 22 report. The firm earned “Buy” rating on Friday, May 26 by Jefferies. As per Tuesday, October 20, the company rating was maintained by Macquarie Research. Goldman Sachs downgraded it to “Neutral” rating and $71 target in Monday, October 12 report. The stock has “Buy” rating by Citigroup on Tuesday, January 5. SunTrust maintained Celanese Corporation (NYSE:CE) on Friday, October 13 with “Buy” rating. The company was maintained on Tuesday, October 17 by RBC Capital Markets. The stock of Celanese Corporation (NYSE:CE) has “Buy” rating given on Wednesday, November 30 by Goldman Sachs. RBC Capital Markets maintained the stock with “Buy” rating in Monday, October 9 report.

Celanese Corporation (NYSE:CE) Institutional Positions Chart

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