American Axle & Manufacturing Holdings (AXL) Stock

Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) announced its strongest quarter to date, highlighted by significant production and financial growth. For the third quarter ended September 30, 2024, Arrow reported net income of $6.7 million and adjusted EBITDA of $15.9 million, a 62% increase compared to Q3 2023.

Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) today reported results for its third quarter, described by chief executive Marshall Abbott as the firm's ‘best on record'. Revenue was up 53% to $21.3 million as production grew 64% thanks to new wells coming online.

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Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) announced that its fifth Ubaque horizontal well, CNB HZ-6, at the Carrizales Norte field, has now been brought into production. The well initially produced 2,250 barrels of oil per day (bopd) gross, 1,125 bopd net) before being fitted with an electric submersible pump, which has since helped sustain production at over 1,900 bopd gross (960 bopd net) with a 31% water cut.

AXL reports mixed third-quarter results and expects 2024 revenues in the band of $6.10-$6.15 billion compared with the prior estimate of $6.10-$6.30 billion.

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL ) Q3 2024 Earnings Conference Call November 8, 2024 10:00 AM ET Company Participants David Lim - Head, IR David Dauch - Chairman and CEO Chris May - EVP and CFO Conference Call Participants Ryan Brinkman - JPMorgan John Murphy - Bank of America Joe Spak - UBS Dan Levy - Barclays Tom Narayan - RBC James Picariello - BNP Operator Good morning. My name is Betsy, and I will be your conference facilitator today.

American Axle & Manufacturing (AXL) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to loss of $0.11 per share a year ago.

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The mean of analysts' price targets for American Axle (AXL) points to a 26.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.