Today it was reported that the VP – Contracts and Marketing of Abraxas Petroleum Corp (AXAS), Stephen Wendel, exercised options to buy 50,000 AXAS shares at $0.99 a share, for a total transaction value of $49.5K. The options were close to expired and Stephen Wendel retained stocks.
Following this transaction Stephen Wendel’s holding in the company was increased by 10.72% to a total of $697.1K. In addition to Stephen Wendel, 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 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 $225.1M and the company has a P/E ratio of 3.92. Currently, Abraxas Petroleum Corp has an average volume of 58.68K.
In the last 30 days, insiders have sold $11.14K worth of AXAS shares and purchased $251.2K worth of AXAS shares. The insider sentiment on Abraxas Petroleum Corp has been positive according to 35 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Stephen Wendel’s trades have generated a 2.9% 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.
