Zacks Investment Research downgraded shares of ABRAXAS PETE/NV (AXAS) from NEUTRAL to UNDERPERFORM on March 19, 2013, with a target price of $2.10.
Abraxas Petroleum Corporation is an independent energy company engaged primarily in the acquisition, exploration, exploitation and production of crude oil and natural gas. They seek to complement their acquisition and development activities by selectively participating in exploration projects with experienced industry partners.
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