Today it was reported that the VP Chief Accounting Officer of Abraxas Petroleum Corp (AXAS), George William Krog, exercised options to buy 10,000 AXAS shares at $0.99 a share, for a total transaction value of $9,900. The options were close to expired and George William Krog retained stocks.
This recent transaction increases George William Krog’s holding in the company by 5.84% to a total of $235.4K.
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Based on Abraxas Petroleum Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $36 million and quarterly net profit of $55.82 million. In comparison, last year the company earned revenue of $29.59 million and had a GAAP net loss of $4.11 million. AXAS’s market cap is $216.7M and the company has a P/E ratio of 3.81. Currently, Abraxas Petroleum Corp has an average volume of 338.3K.
The insider sentiment on Abraxas Petroleum Corp has been positive according to 27 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
George William Krog’s trades have generated a 9.8% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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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.
