ABRAXAS PETROLEUM CORP. (NASDAQ:AXAS) shares up by 3.54%, U.S ENERGY CORP. (NASDAQ:USEG)

Posted by Chris Bell May 14, 2013 0 Comment 910 views


ABRAXAS PETROLEUM CORP. (NASDAQ:AXAS) shares up by 3.54% to close at $2.34 in Monday’s trading session. The stock opened at $2.27. 0.402 Million is the last trading volume while 0.517 million the average trading volume which is measured over 30 days. The change in price compare to previous day is $0.08 which shows the increase in price. The total value of the company in the stock market is 209.58M. Earnings per share of AXAS is negative $0.20 and the stock’s risk in relation to the market i.e. beta $1.44.The percentage of share outstanding held by the institutional investors is 41%. The price range in the last trading day is $2.24-$2.34. Currently AXAS has announced its first quarter results which resulted in the production of 379MBoe and earned revenue of $21.2 million. The adjusted EBDIT is $11.5 million and net income is recorded as $0.6 million. The discretionary cash flow is $10.5 million inclusive of Raven Drilling

U.S ENERGY CORP. (NASDAQ:USEG) shares dived sharply by 3.78% to close at $1.78 in Monday’s trading session. Price range in the latest trading day $1.78 – $1.85 the stock opened at $1.80. 70,614.00 is the last trading volume while 98,762.00 million, the average trading volume is measured over 30 days. The change in price compare to previous day is $0.07 which shows the fall in price. The total value of the company in the stock market is 51.16M. Earnings per share of USEG negative $0.34 and the stock’s risk in relation to the market i.e. beta 1.59. The percentage of share outstanding held by the institutional investors is 17%. It has inaugurated two PV PLANTs which has a capacity of 3MW in total. USEG released inventory shows that the level of production would be maximum in 21 years. The report says that gasoline stocks would fell while distillate supplies will move up. Their utilization rate scaled up by 2.6%. Even provides information regarding inventory held and produced both locally and abroad. Due to an action of demand-supply the volatility in the current price of oil will affect the engaging company.


About Chris Bell

Chris Bell is an investing reporter for GDP Insider. Chris covers financial markets and Wall Street, concentrating on developments affecting individual investors and their portfolios. Chris is also over consumer reporter and covers a wide variety of issues ranging from housing to immigration to urban poverty. Chris graduated from the University of Scranton with a degree in Communication and Philosophy. Chris's diligent investigations earned him the honor of being named "Best Reporter" once by the Headliners Foundation of Texas and once by the Houston Press Club.

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