3 Companies Worth Considering: Quantum Corp(NYSE:QTM), Abraxas Petroleum Corp.(NASDAQ:AXAS) and Resolute Energy Corp(NYSE:REN)

Posted by admin January 14, 2015 0 Comment 965 views

New York, NY – GDP INSIDER  –  01/14/2015.

This article discusses three companies: Quantum Corp(NYSE:QTM), Abraxas Petroleum Corp.(NASDAQ:AXAS) and Resolute Energy Corp(NYSE:REN)

Quantum Corp(NYSE:QTM) had a trading volume of 2.23 million, which is 0.82 million greater than its 10-day average trading volume of 1.41 million. The stock has a beta of 1.88, indicating that it is 88% more volatile than the market, and a 52-week change of 29.63%. On December 30, analysts at Zacks downgraded their rating on the shares of Quantum Corp from ‘outperform’ to ‘neutral’ with a price target set to $2 per share. The stock has analysts’ consensus rating of BUY and mean recommendation of 2.60.

Will Quantum Corp Continue To Rise In Future? Click Here To Find Out More In Our Free QTM Report.

Abraxas Petroleum Corp.(NASDAQ:AXAS) gained five cents to close the day at a closing price of $2.74 and a relative volume of 0.70 yesterday. The stock had a trading volume of 2.20 million and 107.70 million shares outstanding. Recently, analysts at Robert W. Baird downgraded their ‘outperform’ rating to ‘neutral’ rating and cut down their price target to $3 from $6. As of this writing, Abraxas Petroleum Corp has an insider ownership of 1.10%, insider transaction s of 0%, institutional ownership of 53.90% and institutional transactions of -0.58%.

Is Abraxas Petroleum Corp A Winner? Learn More About AXAS’s Trajectory In Our Free Analysis.

Resolute Energy Corp(NYSE:REN) slumped 10% as the stock fell $0.081 to close the day at a closing price of $0.729. The $63.09 million market cap stock, which hit its 52-week low of $0.71 during intraday trading, had a trading volume of 2.11 million and 77.86 million shares outstanding. On January 8, executive vice president and CFO of Resolute Energy Corp, Theodore Gazulis, purchased 10,000 shares at a price of $0.85 per share, while, on January 7, CEO Nicholas J. Sutton of the company bought 100,000 shares at an average price of $0.90 per share. Recently, Raymond James downgraded the stock rating from ‘market perform’ to ‘underperform’.

Why Should You Invest In Resolute Energy Corp Now? Find Out More In Our Free REN Analysis.

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