Equities researchers at Canaccord Genuity lifted their price objective on shares of Abraxas Petroleum Corp. (NASDAQ:AXAS), from $5.75 to $6.00 in a research report issued on Friday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price would indicate a potential upside of 7.53% from the company’s current price. Abraxas Petroleum Corp. (NASDAQ:AXAS), net profit margin is 43.20% and weekly performance is 8.56%. On last trading day company shares ended up $5.58. Analysts mean target price for the company is $6.28. Abraxas Petroleum Corp. (NASDAQ:AXAS), distance from 50-day simple moving average (SMA50) is 8.95%.
On June 20, 2014, Gastar Exploration Inc (NYSEMKT:GST), announced that the Company’s management will participate in the GHS 100 Energy Conference to be held June 24-25 in Chicago. Gastar Exploration Inc (NYSEMKT:GST), advanced 7.11% in last trading session and ended the day on $8.89. GST, Gross Margin is 98.30% and its return on assets is 8.30%. Gastar Exploration Inc (NYSEMKT:GST), quarterly performance is 57.62%.
On June 17, 2014, Marathon Oil Corporation (NYSE:MRO), announced it has published its “Living Our Values 2013 Corporate Social Responsibility (CSR) Report,” which provides information on the Company’s non-financial performance and its actions to promote greater economic, social and environmental sustainability. Marathon Oil Corporation (NYSE:MRO), shares moved up 1.07% in last trading session and was closed at $39.72, while trading in range of $39.33 – 39.85. Marathon Oil Corporation (NYSE:MRO), year to date (YTD) performance is 13.78%.
Chesapeake Energy Corporation (NYSE:CHK), saw unusually large options trading activity on Friday. Traders purchased 135,095 call options on the company, AnalystRatingsNetwork reports. This represents an increase of 843% compared to the typical daily volume of 14,320 call options. Chesapeake Energy Corporation (NYSE:CHK), ended the last trading day at $30.89. Company weekly volatility is calculated as 1.25% and price to cash ratio as 20.50. Chesapeake Energy Corporation (NYSE:CHK), showed a positive weekly performance of 1.38%.
Shares of Callon Petroleum Company (NYSE:CPE), have been given an average rating of “Buy” by the seventeen brokerages that are currently covering the company, AmericanBankingNews.com reports. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $10.25. Callon Petroleum Company (NYSE:CPE), net profit margin is 0.40% and weekly performance is 7.69%. On last trading day company shares ended up $11.35. Analysts mean target price for the company is $12.04. Callon Petroleum Company (NYSE:CPE), distance from 50-day simple moving average (SMA50) is 15.03%.