Abraxas Petroleum Corp. (NASDAQ:AXAS): Stochastic Analysis


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Abraxas Petroleum Corp. (NASDAQ:AXAS) for the period of 9-Day stands at 36.76% while the stochastic %D for the same period stands at 32.65%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Abraxas Petroleum Corp. (NASDAQ:AXAS) signals “Buy” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Buy” for Abraxas Petroleum Corp. (NASDAQ:AXAS) while 20-100 Day MACD Oscillator indicates “Buy”.

Bollinger band is a volatility indicator of a certain security, currently Abraxas Petroleum Corp. (NASDAQ:AXAS)’s 20-Day Bollinger Band indicates “Hold”.

About Company

Abraxas Petroleum Corporation is an independent energy company engaged primarily in the acquisition, exploration, exploitation and production of crude oil and natural gas.  They seek to complement their acquisition and development activities by selectively participating in exploration projects with experienced industry partners.

Previous Day Activity Analysis

On the last trading day, Abraxas Petroleum Corp. (NASDAQ:AXAS) opened the session at $1.91 and after going up 2.14% closed at $1.91. The stock gained 0 points in the last trade.

Abraxas Petroleum Corp. (NASDAQ:AXAS)’s stock fluctuated in the range of $1.89 and $1.95 during the previous active session. Abraxas Petroleum Corp. (NASDAQ:AXAS) traded with the volume of 989619 with average volume of 1.02 Million. The stock has LOW volatility on the last trading session.

Currently the Beta for the company remains at 1.44 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.08 and 54.9 respectively.

Currently the Insider Ownership of the shares of Abraxas Petroleum Corp. (NASDAQ:AXAS) is at 0.6% and the shares outstanding are 160.42 Million.

Important Ratio Analysis

Some important ratios to consider here for Abraxas Petroleum Corp. (NASDAQ:AXAS) are discussed below:

Dividend yield of Abraxas Petroleum Corp. (NASDAQ:AXAS) stands at 0% whereas Price to Earnings P/E ratio stands at 28.51 while Forward P/E shows the value of 7.4.

The PEG ratio (Price to Earning to Growth) emits the value of 14.25. The Price to Sale P/S and Price to Book P/B shows the value of 4.51 and 2.89 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 437.72 and 0 correspondingly.

The Quick Ratio of Abraxas Petroleum Corp. (NASDAQ:AXAS) stands at 0.5 while the Current Ratio depicts the value of 0.5.

Return on Assets ROA of Abraxas Petroleum Corp. (NASDAQ:AXAS) is at 7.4% whereas, Return on Equity ROE and Return of Investment ROI of Abraxas Petroleum Corp. (NASDAQ:AXAS) stand at 20% and -63.3% respectively.

Stock Performance Analysis

The stock performance of Abraxas Petroleum Corp. (NASDAQ:AXAS) on the basis of 5 day trade show the jump of 1.06% whereas, the monthly performance of the stock shows increase of 10.4%.

The quarterly performance of the stock remained in green zone with the value of 19.37% while six month performance of the shares of Abraxas Petroleum Corp. (NASDAQ:AXAS) remained bearish with the count of -4.02%.

The yearly and YTD performance of Abraxas Petroleum Corp. (NASDAQ:AXAS) remained mix at 17.18% and -25.68% respectively.