Abraxas Petroleum (AXAS) Reaches $3.10 After 8.00% Down Move; USA Truck (USAK) Has 1.7 Sentiment

May 22, 2018 - By Marguerite Chambers

USA Truck, Inc. (NASDAQ:USAK) Logo

The stock of Abraxas Petroleum Corporation (NASDAQ:AXAS) is a huge mover today! The stock decreased 4.02% or $0.13 during the last trading session, reaching $3.1. About 2.39 million shares traded or 78.90% up from the average. Abraxas Petroleum Corporation (NASDAQ:AXAS) has risen 11.92% since May 22, 2017 and is uptrending. It has outperformed by 0.37% the S&P500.The move comes after 6 months negative chart setup for the $511.92M company. It was reported on May, 22 by Barchart.com. We have $2.85 PT which if reached, will make NASDAQ:AXAS worth $40.95 million less.

USA Truck Inc (USAK) investors sentiment increased to 1.7 in 2017 Q4. It’s up 0.45, from 1.25 in 2017Q3. The ratio has improved, as 34 active investment managers opened new or increased stock positions, while 20 reduced and sold stakes in USA Truck Inc. The active investment managers in our database now have: 5.01 million shares, up from 4.83 million shares in 2017Q3. Also, the number of active investment managers holding USA Truck Inc in top ten stock positions was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 15 Increased: 18 New Position: 16.

USA Truck, Inc., a truckload carrier, provides general commodities transportation services in the United States, Mexico, and Canada. The company has market cap of $192.12 million. It operates through two divisions, Trucking and USAT Logistics. It has a 25.8 P/E ratio. The Trucking segment offers truckload services as a medium- to long-haul common carrier; and dedicated freight services.

Analysts await USA Truck, Inc. (NASDAQ:USAK) to report earnings on August, 1. They expect $0.37 earnings per share, up 208.82% or $0.71 from last year’s $-0.34 per share. USAK’s profit will be $2.96M for 16.21 P/E if the $0.37 EPS becomes a reality. After $0.14 actual earnings per share reported by USA Truck, Inc. for the previous quarter, Wall Street now forecasts 164.29% EPS growth.

More notable recent USA Truck, Inc. (NASDAQ:USAK) news were published by: Seekingalpha.com which released: “USA Truck’s (USAK) CEO James Reed on Q1 2018 Results – Earnings Call Transcript” on April 27, 2018, also Globenewswire.com with their article: “Report: Developing Opportunities within USA Truck, Heico, Cable One, Astronics, BancFirst, and Cooper-Standard …” published on May 03, 2018, Seekingalpha.com published: “Spotlight On Gambling Reset And Banking Bill” on May 19, 2018. More interesting news about USA Truck, Inc. (NASDAQ:USAK) were released by: Businesswire.com and their article: “USA Truck Reports First Quarter 2018 Results” published on April 26, 2018 as well as Businesswire.com‘s news article titled: “USA Truck Appoints Tim Guin as Executive Vice President and Chief Commercial Officer” with publication date: April 25, 2018.

Ratings analysis reveals 0 of USA Truck’s analysts are positive. Out of 2 Wall Street analysts rating USA Truck, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. USAK was included in 2 notes of analysts from November 7, 2016. Avondale upgraded USA Truck, Inc. (NASDAQ:USAK) on Wednesday, February 8 to “Mkt Perform” rating. The stock has “Hold” rating by Stifel Nicolaus on Monday, November 7.

The stock decreased 9.14% or $2.415 during the last trading session, reaching $23.995. About 106,616 shares traded or 14.28% up from the average. USA Truck, Inc. (USAK) has risen 227.14% since May 22, 2017 and is uptrending. It has outperformed by 215.59% the S&P500.

Ack Asset Management Llc holds 0.88% of its portfolio in USA Truck, Inc. for 217,400 shares. Portolan Capital Management Llc owns 421,597 shares or 0.84% of their US portfolio. Moreover, Grace & White Inc Ny has 0.64% invested in the company for 176,550 shares. The Massachusetts-based Essex Investment Management Co Llc has invested 0.35% in the stock. Horrell Capital Management Inc., a Arkansas-based fund reported 28,641 shares.

Since April 4, 2018, it had 7 insider buys, and 0 insider sales for $94,183 activity. Another trade for 4,308 shares valued at $9,478 was made by Schwartz Dirk A on Wednesday, April 4. $10,404 worth of stock was bought by Clarke Tod A on Wednesday, April 4. Bommer Peter A. had bought 4,302 shares worth $9,464. On Wednesday, April 4 the insider WENDEL STEPHEN T bought $15,728. King Geoffrey R. bought $16,654 worth of Abraxas Petroleum Corporation (NASDAQ:AXAS) on Wednesday, April 4. The insider WALLACE WILLIAM H bought $16,003. The insider WATSON ROBERT L G bought 7,478 shares worth $16,452.

Analysts await Abraxas Petroleum Corporation (NASDAQ:AXAS) to report earnings on August, 14. They expect $0.09 EPS, up 800.00% or $0.08 from last year’s $0.01 per share. AXAS’s profit will be $14.86 million for 8.61 P/E if the $0.09 EPS becomes a reality. After $0.09 actual EPS reported by Abraxas Petroleum Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

More news for Abraxas Petroleum Corporation (NASDAQ:AXAS) were recently published by: Seekingalpha.com, which released: “Abraxas Petroleum: Steady As She Goes” on May 11, 2018. Benzinga.com‘s article titled: “4 Stocks That Appear To Have Just Started Downtrends” and published on May 07, 2018 is yet another important article.

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. Legal And General Grp Public Limited Liability Company reported 0% stake. Eqis Management Inc holds 0.01% of its portfolio in Abraxas Petroleum Corporation (NASDAQ:AXAS) for 80,227 shares. Brown Advisory Inc holds 0% in Abraxas Petroleum Corporation (NASDAQ:AXAS) or 34,866 shares. Brave Asset Mngmt stated it has 0.01% in Abraxas Petroleum Corporation (NASDAQ:AXAS). Voya Investment Mngmt Ltd reported 73,546 shares. Inspirion Wealth Advisors Limited Company invested 0.04% of its portfolio in Abraxas Petroleum Corporation (NASDAQ:AXAS). Tower Cap Ltd Liability Co (Trc) has invested 0% of its portfolio in Abraxas Petroleum Corporation (NASDAQ:AXAS). Qs Investors Limited Liability Company holds 0.02% or 755,953 shares. 49,582 are held by Susquehanna Grp Inc Llp. 241,831 were accumulated by California State Teachers Retirement Systems. Northern Trust Corporation holds 0% or 2.10 million shares. The California-based Old West Inv Mgmt Limited has invested 0.78% in Abraxas Petroleum Corporation (NASDAQ:AXAS). Weiss Multi stated it has 175,069 shares. Amalgamated Fincl Bank reported 21,094 shares stake. Connor Clark & Lunn Invest holds 0% in Abraxas Petroleum Corporation (NASDAQ:AXAS) or 304,534 shares.

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 $511.92 million. The firm operates gas and oil assets in the Permian/Delaware Basin, the Rocky Mountain, and South Texas regions. It has a 31.31 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 had 39 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Abraxas Petroleum Corporation (NASDAQ:AXAS) earned “Buy” rating by Stifel Nicolaus on Wednesday, March 14. The rating was maintained by Canaccord Genuity with “Buy” on Sunday, February 4. The rating was upgraded by Stifel Nicolaus to “Buy” on Friday, January 20. Stifel Nicolaus maintained it with “Buy” rating and $4.7 target in Wednesday, May 9 report. The stock of Abraxas Petroleum Corporation (NASDAQ:AXAS) has “Buy” rating given on Friday, September 1 by Stifel Nicolaus. The firm earned “In-Line” rating on Friday, September 11 by Imperial Capital. The stock has “Neutral” rating by Seaport Global on Wednesday, June 21. Stifel Nicolaus maintained it with “Buy” rating and $4.8000 target in Monday, April 23 report. The firm has “Buy” rating given on Thursday, October 5 by Stifel Nicolaus. The stock of Abraxas Petroleum Corporation (NASDAQ:AXAS) earned “Buy” rating by Rodman & Renshaw on Friday, October 21.

USA Truck, Inc. (NASDAQ:USAK) Institutional Positions Chart

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