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