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SAN ANTONIO (AP) _ Abraxas Petroleum Corp. (AXAS) on Wednesday reported a third-quarter loss of $52.4 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the San Antonio-based company said it had a loss of 50 cents. Losses, adjusted for one-time gains and costs, were 3 cents per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The energy company posted revenue of $16.1 million in the period, also falling short of Street forecasts. Six analysts surveyed by Zacks expected $21 million.
The company's shares closed at $1.63. A year ago, they were trading at $4.01.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AXAS at http://www.zacks.com/ap/AXAS
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Keywords: Abraxas Petroleum, Earnings Report
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Abraxas Petroleum Corporation
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CODE : AXAS |
ISIN : US0038301067 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Abraxas Petroleum is a oil producing company based in United states of america. Its main asset in production is FIRST EAGLE in USA. Abraxas Petroleum is listed in United States of America. Its market capitalisation is US$ 5.8 millions as of today (€ 5.1 millions). Its stock quote reached its highest recent level on July 03, 2014 at US$ 6.45, and its lowest recent point on May 26, 2023 at US$ 0.02. Abraxas Petroleum has 165 889 901 shares outstanding. |