| Abraxas Petroleum is an independent energy company, engaged in the acquisition, exploration, development and production of oil and gas. Co.'s primary basins consist of the Permian/Delaware Basin (Bone Spring and Wolfcamp) and Williston Basin (Bakken and Three Forks). Co.'s properties in the Permian/Delaware Basin region are located in Ward and Winkler Counties, TX and produce oil and gas primarily from the Bone Spring and Wolfcamp formations. Co.'s properties in the Rocky Mountain region are primarily located in the Williston Basin of North Dakota and Montana. In this region, Co.'s wells produce oil and gas from various reservoirs, primarily the Bakken, Three Forks and Red River formations. The AXAS YTD return is shown above.
The YTD Return on the AXAS YTD return page and across the coverage universe of our site,
is a measure of the total return for a given investment year-to-date for the current calendar year
(up to the end of prior trading session). Arguably, choosing the current calendar year for a measurement
period is on the one hand completely arbitrary, but on the other hand a year-to-date look can be extremely
useful in the context of our country's tax system which taxes gains and income on a calendar year basis.
Thus, researching Year-To-Date Returns is good practice for investors — whether AXAS YTD return or other benchmarks/peers
— and when doing so it is also important to factor in dividends, because a financial instrument's YTD return is
more than just the change in price if that instrument pays a dividend or coupon. Our website aims to empower investors
by performing the AXAS YTD return calculation (with any dividends reinvested as applicable), and to provide a
coverage universe of many stocks and ETFs to be able to compare YTD returns.