Today, the VP Chief Accounting Officer of Abraxas Petroleum Corp (AXAS), George William Krog, bought shares of AXAS for $9,609.
Following this transaction George William Krog’s holding in the company was increased by 5.28% to a total of $184.8K. In addition to George William Krog, 5 other AXAS executives reported Buy trades in the last month.
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Based on Abraxas Petroleum Corp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $41.63 million and quarterly net profit of $1.78 million. In comparison, last year the company earned revenue of $29.59 million and had a GAAP net loss of $4.11 million. Currently, Abraxas Petroleum Corp has an average volume of 534.5K.
The insider sentiment on Abraxas Petroleum Corp has been positive according to 26 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Abraxas Petroleum Corp. engages in the acquisition, exploration, development, and production of crude oil and natural gas. It focuses primarily on the development of conventional and unconventional resources in its primary operating areas in the Rocky Mountains, South Texas, Powder River Basin and Permian Basin.
