Abraxas Petroleum Corporation (AXAS)
Abraxas Petroleum Corporation operates in the Oil & Gas Exploration & Production industry of the Energy sector, headquartered in San Antonio, TX, US. The stock last traded at $0.03, down 65.98% on the session, giving a market capitalisation of $10.3M. On trailing twelve-month figures it carries a trailing P/E of 0.02, a net margin of 119.9%. Its beta of 3.15 implies it has historically moved more than the broad market.
Abraxas Petroleum Corporation operates as an independent energy enterprise focused on the full lifecycle of oil and natural gas properties within the United States. Its activities encompass acquiring, exploring, developing, optimizing, and producing these energy assets. The company holds significant oil and gas interests primarily across the Permian/Delaware Basin and the Rocky Mountain regions. As of December 31, 2021, its estimated net proved reserves amounted to 14.8 million barrels of oil equivalent. Founded in 1977, Abraxas Petroleum maintains its corporate headquarters in San Antonio, Texas.
Abraxas Petroleum Corporation is most often compared with the following Energy names: