This independent energy company has witnessed four positive estimate revisions in the last 30 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s price action can turn into more strength down the road.
Abraxas currently holds a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Investors interested in the oil and gas sector may also consider stocks like Encana Corp. (ECA), Midstates Petroleum Company, Inc. (MPO) and QEP Resources, Inc. (QEP). All the three stocks sport a Zacks Rank #1 (Strong Buy).
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