Abraxas Petroleum Corporation (NASDAQ: AXAS) is one of 240 public companies in the “Oil & Gas Exploration and Production” industry, but how does it compare to its peers? We will compare Abraxas Petroleum Corporation to related companies based off the strength of its dividends, valuation, risk, institutional ownership, earnings, analyst recommendations and profitability.
Insider and Institutional Ownership
44.5% of Abraxas Petroleum Corporation shares are owned by institutional investors. Comparatively, 63.1% of shares of all “Oil & Gas Exploration and Production” companies are owned by institutional investors. 8.5% of Abraxas Petroleum Corporation shares are owned by insiders. Comparatively, 11.5% of shares of all “Oil & Gas Exploration and Production” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.
This table compares Abraxas Petroleum Corporation and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Abraxas Petroleum Corporation||18.14%||7.68%||2.83%|
|Abraxas Petroleum Corporation Competitors||-440.03%||3.68%||0.74%|
This is a summary of recent ratings for Abraxas Petroleum Corporation and its peers, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Abraxas Petroleum Corporation||0||0||5||0||3.00|
|Abraxas Petroleum Corporation Competitors||1564||7856||12142||267||2.51|
Abraxas Petroleum Corporation currently has a consensus price target of $2.64, suggesting a potential upside of 60.00%. All “Oil & Gas Exploration and Production” companies have a potential upside of 49.42%. Given Abraxas Petroleum Corporation’s stronger consensus rating and higher probable upside, equities research analysts clearly believe Abraxas Petroleum Corporation is more favorable than its peers.
Volatility and Risk
Abraxas Petroleum Corporation has a beta of 1.48, suggesting that its share price is 48% more volatile than the S&P 500. Comparatively, Abraxas Petroleum Corporation’s peers have a beta of 1.41, suggesting that their average share price is 41% more volatile than the S&P 500.
Valuation & Earnings
This table compares Abraxas Petroleum Corporation and its peers revenue, earnings per share (EPS) and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Abraxas Petroleum Corporation||$62.48 million||$42.36 million||23.57|
|Abraxas Petroleum Corporation Competitors||$1.39 billion||$604.75 million||20.23|
Abraxas Petroleum Corporation’s peers have higher revenue and earnings than Abraxas Petroleum Corporation. Abraxas Petroleum Corporation is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently the more expensive than other companies in its industry.
Abraxas Petroleum Corporation beats its peers on 7 of the 13 factors compared.
Abraxas Petroleum Corporation Company Profile
Abraxas Petroleum Corporation is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and gas. As of December 31, 2016, the Company’s estimated net proved reserves were 44.7 million barrels of oil equivalent (MMBoe), of which 33.6% were classified as proved developed, 74% were oil and natural gas liquids (NGL), and 95% of which (on a PV-10 basis) were operated by the Company. As of December 31, 2016, the Company’s daily net production was 6,181 barrels of oil equivalent per day (Boepd), of which 61% was oil or liquids. The Company’s oil and gas assets are located in three operating regions: the Rocky Mountain, Permian Basin and onshore Gulf Coast. The Company’s properties in the Rocky Mountain region are located in the Williston Basin of North Dakota and Montana, and in the Green River Powder River and Unita Basins of Wyoming and Utah.
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