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Abraxas Petroleum (AXAS) Worth a Look: Stock Jumps 7.9%

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Abraxas Petroleum Corporation (AXAS - Free Report) was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 35.2% in the past one-month time frame.

None of the estimates for this stock were revised over the past seven days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Abraxas Petroleum currently carries a Zacks Rank #2 (Buy), while its Earnings ESP is positive.

Another favorably placed stock in the same space is Noble Midstream Partners LP , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is AXAS going up? Or down? Predict to see what others think: Up or Down

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