American Axle & Manufacturing Holdings (AXL) Stock

Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) said on Tuesday it has successfully reached target depth at its Alberta Llanos-1 (AB-1) exploration well on the Tapir Block in Colombia's Llanos Basin, following drilling with the contracted Petroworks rig. The well, which was spud at the end of November, reached a measured depth of 9,960 feet on December 13, targeting a large, three-way fault-bounded structure with multiple reservoir objectives.

American Axle & Manufacturing is investing heavily in R&D for vehicle electrification, positioning itself to benefit from the market's 9% CAGR growth. Despite revenue concentration risks, AXL's stable cash flow, positive net income, and undervaluation at 1.7x FWD cash flow make it a buy. AXL's ongoing debt reduction and substantial cash reserves enhance its stock valuation, with potential price targets ranging from $8 to $16 per share.

Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) is well-positioned to capitalize on the opportunities within Colombia after delivering its strongest quarter to date, driven by significant growth in both production and financial performance. Highlights from the third quarter ended September 30, 2024 included net income of $6.7 million and adjusted EBITDA of $15.9 million, marking a 62% year-on-year increase.

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.

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

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.