Abraxas Announces Acquisition of 2,008 Net Wolfcamp/Bone Spring Acres

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Go back to Abraxas Announces Acquisition of 2,008 Net Wolfcamp/Bone Spring Acres

Abraxas Petroleum (AXAS) PT Raised to $2.60 at Stifel Following Announced Purchase Agreement

May 24, 2017 7:50 AM EDT

Stifel raised its price target on Abraxas Petroleum (NASDAQ: AXAS) to $2.60 (from $2.40) while maintaining a Buy rating. AXAS announced that it has entered into an agreement to purchase 2,008 net acres with 33 Boepd for $22.2MM in Ward County, TX.

Stifel raised NAV/share estimate... More