NasdaqCM:AXAS

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

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. More Details


Snowflake Analysis

Overvalued with worrying balance sheet.


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

Stable Share Price: AXAS's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-11.3%

AXAS

-1.1%

US Oil and Gas

-1.1%

US Market


1 Year Return

-73.7%

AXAS

-47.4%

US Oil and Gas

15.6%

US Market

Return vs Industry: AXAS underperformed the US Oil and Gas industry which returned -47.4% over the past year.

Return vs Market: AXAS underperformed the US Market which returned 15.6% over the past year.


Shareholder returns

AXASIndustryMarket
7 Day-11.3%-1.1%-1.1%
30 Day-38.7%-0.04%4.2%
90 Day-58.7%-17.9%6.3%
1 Year-73.7%-73.7%-44.2%-47.4%18.2%15.6%
3 Year-95.9%-95.9%-47.3%-54.2%39.6%30.4%
5 Year-94.7%-94.7%-46.5%-56.8%79.5%59.2%

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?

0.23x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: AXAS is unprofitable, so we can't compare its PE Ratio to the US Oil and Gas industry average.

PE vs Market: AXAS is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AXAS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AXAS is good value based on its PB Ratio (0.2x) compared to the US Oil and Gas industry average (0.8x).


Next Steps

Future Growth

How is Abraxas Petroleum forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

25.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AXAS is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: AXAS is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: AXAS is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: AXAS's revenue is expected to decline over the next 3 years (-13% per year).

High Growth Revenue: AXAS's revenue is forecast to decline over the next 3 years (-13% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

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?

34.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AXAS is currently unprofitable.

Growing Profit Margin: AXAS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AXAS is unprofitable, but has reduced losses over the past 5 years at a rate of 34.8% per year.

Accelerating Growth: Unable to compare AXAS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AXAS is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-35%).


Return on Equity

High ROE: AXAS has a negative Return on Equity (-148.61%), as it is currently unprofitable.


Next Steps

Financial Health

How is Abraxas Petroleum's financial position?


Financial Position Analysis

Short Term Liabilities: AXAS's short term assets ($31.4M) exceed its short term liabilities ($25.2M).

Long Term Liabilities: AXAS's short term assets ($31.4M) do not cover its long term liabilities ($212.2M).


Debt to Equity History and Analysis

Debt Level: AXAS's debt to equity ratio (324.8%) is considered high.

Reducing Debt: AXAS's debt to equity ratio has increased from 57.7% to 324.8% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if AXAS has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if AXAS has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

How experienced are the management team and are they aligned to shareholders interests?

9.2yrs

Average management tenure


CEO

Bob Watson (69 yo)

43.75yrs

Tenure

US$674,500

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 ($USD674.50K) is about average for companies of similar size in the US market ($USD585.94K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Robert L. Watson
Chairman43.75yrsUS$674.50k1.13%
$ 164.1k
Steven Harris
VP & CFO1.92yrsUS$321.13k0.058%
$ 8.3k
Kenneth Johnson
Vice President of Operations2.08yrsUS$362.74k0.27%
$ 39.4k
Stephen Wendel
VP of Contracts & Marketing and Corporate Secretary (Leave of Absence)30.75yrsUS$362.74k0.36%
$ 52.2k
Peter Bommer
Vice President of Engineering8.58yrsUS$362.74k0.26%
$ 37.9k
George Krog
VP & Chief Accounting Officer9.75yrsno data0.16%
$ 22.5k

9.2yrs

Average Tenure

64.5yo

Average Age

Experienced Management: AXAS's management team is seasoned and experienced (9.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Robert L. Watson
Chairman43.75yrsUS$674.50k1.13%
$ 164.1k
Ralph Cox
Lead Independent Director14.75yrsUS$74.90k0.26%
$ 36.9k
Harold Carter
Advisory Director0.25yrUS$67.65k0.13%
$ 18.7k
Dennis Logue
Advisory Director0.25yrUS$68.75k0.059%
$ 8.5k
Angela Meyer
Independent Director1.42yrsUS$54.80k0.0055%
$ 798.6
Todd Dittmann
Director0.17yrno datano data
Brian Melton
Independent Director11yrsUS$82.08k0.026%
$ 3.8k

1.4yrs

Average Tenure

69yo

Average Age

Experienced Board: AXAS's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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$14.467m
  • Shares outstanding: 8.36m
  • 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
AXOADB (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 Analysis2020/10/27 00:30
End of Day Share Price2020/10/26 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.