Retirement Systems Of Alabama Decreased By $403,189 Its Terex New (TEX) Stake; Abraxas Petroleum (AXAS) Has 1.22 Sentiment

December 7, 2017 - By wolcottdaily

Retirement Systems Of Alabama decreased Terex Corp New (TEX) stake by 7.97% reported in 2017Q2 SEC filing. Retirement Systems Of Alabama sold 10,897 shares as Terex Corp New (TEX)’s stock rose 2.25%. The Retirement Systems Of Alabama holds 125,821 shares with $4.72M value, down from 136,718 last quarter. Terex Corp New now has $3.85B valuation. The stock increased 1.08% or $0.49 during the last trading session, reaching $45.81. About 593,015 shares traded. Terex Corporation (NYSE:TEX) has risen 32.26% since December 7, 2016 and is uptrending. It has outperformed by 15.56% the S&P500.

Abraxas Petroleum Corporation, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of gas and oil properties in the United States. The company has market cap of $338.67 million. The firm operates gas and oil assets in the Permian/Delaware Basin, the Rocky Mountain, and South Texas regions. It has a 22.89 P/E ratio. As of December 31, 2016, its estimated net proved reserves were 44.7 million barrels of oil equivalent.

Ratings analysis reveals 100% of Abraxas Petroleum’s analysts are positive. Out of 2 Wall Street analysts rating Abraxas Petroleum, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $3.0 while the high is $3.5. The stock’s average target of $3.25 is 57.77% above today’s ($2.06) share price. AXAS was included in 2 notes of analysts from October 21, 2016. The stock has “Buy” rating by Rodman & Renshaw on Friday, October 21. Stifel Nicolaus upgraded Abraxas Petroleum Corporation (NASDAQ:AXAS) rating on Friday, January 20. Stifel Nicolaus has “Buy” rating and $3.5 target.

Analysts await Abraxas Petroleum Corporation (NASDAQ:AXAS) to report earnings on March, 13. They expect $0.05 EPS, up 400.00% or $0.04 from last year’s $0.01 per share. AXAS’s profit will be $8.22 million for 10.30 P/E if the $0.05 EPS becomes a reality. After $0.04 actual EPS reported by Abraxas Petroleum Corporation for the previous quarter, Wall Street now forecasts 25.00% EPS growth.

Blb&B Advisors Llc holds 0.57% of its portfolio in Abraxas Petroleum Corporation for 1.65 million shares. Lyon Street Capital Llc owns 680,609 shares or 0.44% of their US portfolio. Moreover, Thomson Horstmann & Bryant Inc has 0.41% invested in the company for 1.98 million shares. The Wisconsin-based Cortina Asset Management Llc has invested 0.16% in the stock. Argent Capital Management Llc, a Missouri-based fund reported 1.38 million shares.

The stock increased 1.48% or $0.03 during the last trading session, reaching $2.06. About 799,398 shares traded. Abraxas Petroleum Corporation (AXAS) has risen 39.85% since December 7, 2016 and is uptrending. It has outperformed by 23.15% the S&P500.

Analysts await Terex Corporation (NYSE:TEX) to report earnings on February, 20. They expect $0.25 earnings per share, up 257.14% or $0.18 from last year’s $0.07 per share. TEX’s profit will be $21.03 million for 45.81 P/E if the $0.25 EPS becomes a reality. After $0.50 actual earnings per share reported by Terex Corporation for the previous quarter, Wall Street now forecasts -50.00% negative EPS growth.

Retirement Systems Of Alabama increased Crown Castle Intl Corp New (NYSE:CCI) stake by 3,230 shares to 177,509 valued at $17.78M in 2017Q2. It also upped Geo Group Inc New (NYSE:GEO) stake by 58,888 shares and now owns 160,412 shares. Exxon Mobil Corp (NYSE:XOM) was raised too.

Among 21 analysts covering Terex Corporation (NYSE:TEX), 6 have Buy rating, 3 Sell and 12 Hold. Therefore 29% are positive. Terex Corporation had 73 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Hold” rating by RBC Capital Markets given on Friday, November 3. JP Morgan upgraded the stock to “Neutral” rating in Wednesday, January 27 report. The firm has “Buy” rating given on Wednesday, June 8 by Goldman Sachs. Goldman Sachs upgraded the shares of TEX in report on Wednesday, August 12 to “Neutral” rating. Deutsche Bank initiated it with “Hold” rating and $26 target in Wednesday, September 7 report. The rating was maintained by Deutsche Bank on Thursday, August 3 with “Buy”. The firm has “Neutral” rating by UBS given on Friday, August 26. The rating was maintained by Jefferies on Tuesday, May 31 with “Buy”. Barclays Capital initiated Terex Corporation (NYSE:TEX) on Friday, September 25 with “Equal-Weight” rating. Morgan Stanley downgraded Terex Corporation (NYSE:TEX) rating on Tuesday, May 31. Morgan Stanley has “Equal-Weight” rating and $21 target.

Investors sentiment decreased to 0.68 in 2017 Q2. Its down 0.44, from 1.12 in 2017Q1. It is negative, as 44 investors sold TEX shares while 86 reduced holdings. 35 funds opened positions while 54 raised stakes. 84.87 million shares or 3.42% less from 87.87 million shares in 2017Q1 were reported. Walleye Trading Limited Liability holds 0.01% of its portfolio in Terex Corporation (NYSE:TEX) for 28,997 shares. Hanseatic Mgmt stated it has 0.45% of its portfolio in Terex Corporation (NYSE:TEX). 199,412 were reported by Amer Gru Incorporated. North Star Mngmt owns 800 shares for 0% of their portfolio. Old Mutual Invsts (Uk) has invested 0.04% of its portfolio in Terex Corporation (NYSE:TEX). Etrade Capital Management Limited Liability Co stated it has 6,011 shares or 0.01% of all its holdings. Tci Wealth accumulated 88 shares. Schwab Charles Inv Management invested in 0.01% or 357,773 shares. Barclays Public Limited Co stated it has 200,351 shares or 0.01% of all its holdings. Hartford Mgmt Incorporated owns 0.01% invested in Terex Corporation (NYSE:TEX) for 700 shares. Oregon Public Employees Retirement Fund has invested 0.02% in Terex Corporation (NYSE:TEX). Thrivent Fincl For Lutherans holds 0.07% or 477,970 shares. First Mercantile Tru holds 18,076 shares or 0.12% of its portfolio. Daiwa Securities Grp Inc Inc invested in 0.05% or 208,000 shares. 224,625 are held by New York State Common Retirement Fund.

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