NasdaqCM:AXAS

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Good value with reasonable growth potential.


Similar Companies

Share Price & News

How has Abraxas Petroleum's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-9.9%

AXAS

-1.8%

US Oil and Gas

0.4%

US Market


1 Year Return

-83.6%

AXAS

-21.8%

US Oil and Gas

6.9%

US Market

Return vs Industry: AXAS underperformed the US Oil and Gas industry which returned -21.8% over the past year.

Return vs Market: AXAS underperformed the US Market which returned 6.9% over the past year.


Shareholder returns

AXASIndustryMarket
7 Day-9.9%-1.8%0.4%
30 Day-43.8%-6.4%-1.1%
90 Day-65.0%-9.2%-0.5%
1 Year-83.6%-83.6%-18.9%-21.8%9.3%6.9%
3 Year-82.1%-82.1%-8.3%-16.5%45.8%36.4%
5 Year-91.7%-91.7%-24.8%-35.3%62.9%45.1%

Price Volatility Vs. Market

How volatile is Abraxas Petroleum's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Abraxas Petroleum undervalued compared to its fair value and its price relative to the market?

1.27x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate AXAS's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate AXAS's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: AXAS is good value based on its PE Ratio (1.3x) compared to the Oil and Gas industry average (9.8x).

PE vs Market: AXAS is good value based on its PE Ratio (1.3x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

Low PEG Ratio: AXAS is good value based on its PEG Ratio (0x)


Price to Book Ratio

PB vs Industry: AXAS is good value based on its PB Ratio (0.4x) compared to the US Oil and Gas industry average (0.9x).


Next Steps

Future Growth

How is Abraxas Petroleum forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

39.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AXAS's forecast earnings growth (39% per year) is above the savings rate (2.7%).

Earnings vs Market: AXAS's earnings (39% per year) are forecast to grow faster than the US market (14.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AXAS's revenue (13.6% per year) is forecast to grow faster than the US market (7.2% per year).

High Growth Revenue: AXAS's revenue (13.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if AXAS's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Abraxas Petroleum performed over the past 5 years?

5.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: AXAS's earnings have grown by 5.8% per year over the past 5 years.

Accelerating Growth: AXAS has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: AXAS has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (22.6%).


Return on Equity

High ROE: Whilst AXAS's Return on Equity (28.45%) is high, this metric is skewed due to their high level of debt.


Return on Assets

ROA vs Industry: AXAS has a higher Return on Assets than the Oil and Gas industry average last year.


Return on Capital Employed

ROCE Improving: AXAS's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Abraxas Petroleum's financial position?


Financial Position Analysis

Short Term Liabilities: AXAS's short term assets ($32.0M) do not cover its short term liabilities ($67.8M)

Long Term Liabilities: AXAS's short term assets (32.0M) do not cover its long term liabilities (197.5M)


Debt to Equity History and Analysis

Debt Level: AXAS's debt to equity ratio (120.9%) is considered high

Reducing Debt: AXAS's debt to equity ratio has increased from 31.4% to 120.9% over the past 5 years.

Debt Coverage: AXAS's debt is well covered by operating cash flow (41.6%).

Interest Coverage: AXAS's interest payments on its debt are well covered by EBIT (5.2x coverage).


Balance Sheet

Inventory Level: AXAS has a high level of physical assets or inventory.

Debt Coverage by Assets: AXAS's debt is not covered by short term assets (assets are 0.2x debt).


Next Steps

Dividend

What is Abraxas Petroleum's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage4.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate AXAS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate AXAS's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if AXAS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AXAS's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AXAS's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Abraxas Petroleum's salary, the management and board of directors tenure and is there insider trading?

8.8yrs

Average management tenure


CEO

Bob Watson (68yo)

42.8yrs

Tenure

US$852,799

Compensation

Mr. Robert L. G. Watson, also known as Bob, has been the Chief Executive Officer of Abraxas Energy Partners LP’s general partner since May 2007 and was appointed to be the Chairman of the Board of Director ...


CEO Compensation Analysis

Compensation vs. Market: Bob's total compensation ($USD852.80K) is about average for companies of similar size in the US market ($USD489.74K).

Compensation vs Earnings: Bob's compensation has been consistent with company performance over the past year.


Management Age and Tenure

8.8yrs

Average Tenure

65yo

Average Age

Experienced Management: AXAS's management team is seasoned and experienced (8.8 years average tenure).


Board Age and Tenure

11.9yrs

Average Tenure

67.5yo

Average Age

Experienced Board: AXAS's board of directors are seasoned and experienced ( 11.9 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$11,13720 Mar 19
Kenneth Johnson
EntityIndividual
Role
Chief Operating Officer
Vice President of Operations
Shares7,788
Max PriceUS$1.43
SellUS$4,95120 Mar 19
Tod Clarke
EntityIndividual
Shares3,462
Max PriceUS$1.43
BuyUS$9,61012 Feb 19
Stephen Wendel
EntityIndividual
Role
Head of Marketing
VP of Contracts & Marketing and Corporate Secretary
Shares8,580
Max PriceUS$1.12
BuyUS$9,61012 Feb 19
Dirk Schwartz
EntityIndividual
Shares8,580
Max PriceUS$1.12
BuyUS$9,61012 Feb 19
Robert L. Watson
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares8,580
Max PriceUS$1.12
BuyUS$9,61012 Feb 19
Kenneth Johnson
EntityIndividual
Role
Chief Operating Officer
Vice President of Operations
Shares8,580
Max PriceUS$1.12
BuyUS$9,61012 Feb 19
George Krog
EntityIndividual
Role
Chief Accounting Officer
VP & Chief Accounting Officer
Shares8,580
Max PriceUS$1.12
BuyUS$9,61012 Feb 19
Tod Clarke
EntityIndividual
Shares9,028
Max PriceUS$1.12
BuyUS$9,61012 Feb 19
Peter Bommer
EntityIndividual
Shares8,580
Max PriceUS$1.12
BuyUS$199,10302 Jan 19
Robert L. Watson
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares174,652
Max PriceUS$1.14

Ownership Breakdown


Management Team

  • Bob Watson (68yo)

    Chairman

    • Tenure: 42.8yrs
    • Compensation: US$852.80k
  • Stephen Wendel (69yo)

    VP of Contracts & Marketing and Corporate Secretary

    • Tenure: 29.8yrs
    • Compensation: US$421.81k
  • Bill Krog (65yo)

    VP & Chief Accounting Officer

    • Tenure: 8.8yrs
  • Steven Harris (45yo)

    VP & CFO

    • Tenure: 0.9yrs
    • Compensation: US$457.31k
  • Kenny Johnson (61yo)

    Vice President of Operations

    • Tenure: 1.1yrs
    • Compensation: US$633.07k

Board Members

  • Bob Watson (68yo)

    Chairman

    • Tenure: 42.8yrs
    • Compensation: US$852.80k
  • Ralph Cox (87yo)

    Lead Director

    • Tenure: 13.8yrs
    • Compensation: US$128.75k
  • Harold Carter (80yo)

    Director

    • Tenure: 16yrs
    • Compensation: US$121.75k
  • Dennis Logue (75yo)

    Director

    • Tenure: 16.5yrs
    • Compensation: US$123.75k
  • Jerry Langdon (67yo)

    Director

    • Tenure: 6.4yrs
    • Compensation: US$125.45k
  • William Karrash (57yo)

    Director

    • Tenure: 7.4yrs
    • Compensation: US$125.45k
  • Buzzy Powell (73yo)

    Director

    • Tenure: 14.2yrs
    • Compensation: US$125.45k
  • Steffen Meyer (57yo)

    Director

    • Tenure: 0.4yrs
  • Ed Russell (55yo)

    Director

    • Tenure: 10yrs
    • Compensation: US$120.15k
  • Brian Melton (49yo)

    Director

    • Tenure: 10yrs
    • Compensation: US$135.95k

Company Information

Abraxas Petroleum Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Abraxas Petroleum Corporation
  • Ticker: AXAS
  • Exchange: NasdaqCM
  • Founded: 1977
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: US$55.990m
  • Shares outstanding: 166.54m
  • Website: https://www.abraxaspetroleum.com

Number of Employees


Location

  • Abraxas Petroleum Corporation
  • 18803 Meisner Drive
  • San Antonio
  • Texas
  • 78258
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AXASNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDMay 1991
AXODB (Deutsche Boerse AG)YesCommon StockDEEURMay 1991

Biography

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  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 23:31
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.