Abraxas Petroleum Set To Release Strong Second Quarter Earnings
- Abraxas Petroleum is down 20% since June 30 due to declining oil prices.
- 2014 production should increase by 35-40% over 2013.
- Abraxas has the lowest P/E (TTM) and 12 month forward P/E among its peers.
- An average analyst price target of $6.90 is 35% higher than the stock's current price.