Walthausen & Co. LLC Acquires 93,020 Shares of Abraxas Petroleum Corp. (AXAS)

Walthausen & Co. LLC raised its stake in shares of Abraxas Petroleum Corp. (NASDAQ:AXAS) by 20.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 557,280 shares of the energy company’s stock after buying an additional 93,020 shares during the quarter. Walthausen & Co. LLC owned about 0.33% of Abraxas Petroleum worth $607,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of AXAS. Portolan Capital Management LLC increased its position in shares of Abraxas Petroleum by 38.2% during the fourth quarter. Portolan Capital Management LLC now owns 6,804,579 shares of the energy company’s stock worth $7,417,000 after acquiring an additional 1,881,556 shares during the last quarter. SCW Capital Management LP purchased a new stake in shares of Abraxas Petroleum during the fourth quarter worth about $1,703,000. Dimensional Fund Advisors LP increased its position in shares of Abraxas Petroleum by 25.3% during the third quarter. Dimensional Fund Advisors LP now owns 5,301,088 shares of the energy company’s stock worth $12,351,000 after acquiring an additional 1,069,761 shares during the last quarter. Intrinsic Edge Capital Management LLC increased its position in shares of Abraxas Petroleum by 100.0% during the fourth quarter. Intrinsic Edge Capital Management LLC now owns 1,000,000 shares of the energy company’s stock worth $1,090,000 after acquiring an additional 500,000 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its position in shares of Abraxas Petroleum by 38.9% during the third quarter. Allianz Asset Management GmbH now owns 1,628,666 shares of the energy company’s stock worth $3,795,000 after acquiring an additional 455,818 shares during the last quarter. Institutional investors and hedge funds own 55.49% of the company’s stock.

A number of equities analysts recently commented on the company. ValuEngine upgraded Abraxas Petroleum from a “strong sell” rating to a “sell” rating in a research note on Tuesday, April 9th. TheStreet upgraded Abraxas Petroleum from a “d+” rating to a “c” rating in a research note on Thursday, March 14th. Finally, Zacks Investment Research downgraded Abraxas Petroleum from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. Three investment analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $3.83.

Shares of NASDAQ AXAS remained flat at $$1.41 during midday trading on Friday. The stock had a trading volume of 919,913 shares, compared to its average volume of 1,092,693. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market capitalization of $235.66 million, a P/E ratio of 7.83 and a beta of 1.51. Abraxas Petroleum Corp. has a fifty-two week low of $0.90 and a fifty-two week high of $3.27.

Abraxas Petroleum (NASDAQ:AXAS) last issued its quarterly earnings data on Wednesday, March 13th. The energy company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.02). The business had revenue of $36.00 million for the quarter, compared to analyst estimates of $32.13 million. Abraxas Petroleum had a return on equity of 24.46% and a net margin of 38.76%. As a group, equities research analysts forecast that Abraxas Petroleum Corp. will post 0.24 earnings per share for the current year.

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Abraxas Petroleum Company Profile

Abraxas Petroleum Corporation, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of oil and gas properties in the United States. The company operates oil and gas assets in the Permian/Delaware Basin, the Rocky Mountain, and South Texas regions.

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Institutional Ownership by Quarter for Abraxas Petroleum (NASDAQ:AXAS)

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