Investing.com - Abraxas Petroleum reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Abraxas Petroleum announced earnings per share of $-0.4 on revenue of $14.54M. Analysts polled by Investing.com anticipated EPS of $-0.32 on revenue of $12.9M.
Abraxas Petroleum shares are down 48% from the beginning of the year and are trading at $1.452 , down-from-52-week-high.They are under-performing the Nasdaq which is down 24.47% from the start of the year.
Abraxas Petroleum follows other major Energy sector earnings this month
Abraxas Petroleum's report follows an earnings beat by ConocoPhillips on Thursday, August 4, 2022, who reported EPS of $3.91 on revenue of $21.99B, compared to forecasts EPS of $3.86 on revenue of $21.47B.
EOG Resources had beat expectations on Thursday, August 4, 2022 with second quarter EPS of $2.74 on revenue of $7.41B, compared to forecast for EPS of $2.57 on revenue of $5.47B.
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