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ABRAXAS PETRO [NED9 (AXAS) [hlAlert]

Rating:
Buy AXAS
down 20.51 %

ABRAXAS PETRO [NED9 (AXAS) rated Buy with price target $3 by Ladenburg Thalmann

Posted on: Monday,  Apr 12, 2010  9:25 AM ET by Ladenburg Thalmann

Ladenburg Thalmann rated Buy ABRAXAS PETRO [NED9 (NASDAQ: AXAS) on 04/12/2010, when the stock price was $2.34.
Since then, ABRAXAS PETRO [NED9 has lost 20.51% as of 01/27/2016's recent price of $1.86.
If you would have followed this Ladenburg Thalmann's recommendation on AXAS, you would have lost 20.51% of your investment in 2116 days.

Abraxas Petroleum Corporation (Abraxas) is an independent energy company primarily engaged in the development and production of natural gas and crude oil. At December 31, 2008, the Company?s properties are located in the Rocky Mountain, Mid-Continent, Permian Basin and Gulf Coast regions of the United States. On January 31, 2008, Abraxas Operating , LLC, a wholly owned subsidiary of the Partnership, consummated the acquisition of certain oil and gas properties located in various states from St. Mary Land & Exploration Company (St. Mary) and certain other sellers. In October 2009, Abraxas Petroleum Corporation closed the merger with Abraxas Energy Partners, L.P.

Our Research Department takes a fresh, critical approach to analyzing primary sources and developing proprietary research. Many individuals, institutions, portfolio managers and hedge fund managers, on all levels, have been neglected by brokerage firms ignoring the demands for unbiased research. Ladenburg Thalmann provides a superior branded in-depth research product geared only to action-oriented investment ideas. Ladenburg Thalmann’s proprietary equity research tries to uncover crucial information before the rest of the Street. Our analysts concentrate on uncovered and under-covered stocks and have a small to mid-cap focus. We will not shy away from large cap names as long as we can bring value to our clients through timely, differentiated ideas.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/12/2010 9:25 AM Buy
None
2.34 3.00
as of 12/31/2010
1 Week up  0.95 %
1 Month down  -0.93 %
3 Months up  48.59 %
1 YTD up  80.34 %

(*) Stock Price at the time of the recommendation.
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