Oil In Your Backyard - ABP
In the Oil In Your Backyard series, we began looking at oil companies that are involved in oil drilling within United States. Today let's take a look at a smaller company called Abraxas.
Abraxas Petroleum Corp. (ABP): the Texas based company operates oil and natural gas drilling in Wyoming, South Texas and West Texas. In the latest earning report the company got a huge jump in oil production from 557 barrels to 12,247 barrles per day. Despite posting a huge loss of $9 million the stock still got new coverage from analyst with Buy rating. With P/E ratio of 4.76 this stock looks very attractive.
Abraxas Petroleum Corp. (ABP): the Texas based company operates oil and natural gas drilling in Wyoming, South Texas and West Texas. In the latest earning report the company got a huge jump in oil production from 557 barrels to 12,247 barrles per day. Despite posting a huge loss of $9 million the stock still got new coverage from analyst with Buy rating. With P/E ratio of 4.76 this stock looks very attractive.
posted by Stock Geek at
8:46 PM
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