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SAN ANTONIO (AP) _ Abraxas Petroleum Corp. (AXAS) on Wednesday reported fourth-quarter net income of $30.1 million.
On a per-share basis, the San Antonio-based company said it had profit of 28 cents. Earnings, adjusted for non-recurring gains, were 6 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The energy company posted revenue of $31.2 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $34.1 million.
For the year, the company reported profit of $63.3 million, or 62 cents per share. Revenue was reported as $133.8 million.
In the final minutes of trading on Wednesday, the company's shares hit $3.13. A year ago, they were trading at $3.36.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AXAS at http://www.zacks.com/ap/AXAS
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Keywords: Abraxas Petroleum, Earnings Report
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Abraxas Petroleum Corporation
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CODE : AXAS |
ISIN : US0038301067 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Abraxas Petroleum is a oil producing company based in United states of america. Its main asset in production is FIRST EAGLE in USA. Abraxas Petroleum is listed in United States of America. Its market capitalisation is US$ 5.8 millions as of today (€ 5.3 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. |