Shares of Alta Mesa Resources Inc (NASDAQ:AMR) have been assigned a consensus rating of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $8.17.
Several research firms have recently commented on AMR. Zacks Investment Research downgraded shares of Alta Mesa Resources from a “hold” rating to a “sell” rating in a research note on Monday, April 8th. Guggenheim downgraded shares of Alta Mesa Resources from a “buy” rating to a “sell” rating in a research note on Tuesday, February 26th. Finally, ValuEngine upgraded shares of Alta Mesa Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd.
NASDAQ AMR traded down $0.02 on Friday, hitting $0.25. The stock had a trading volume of 2,023,022 shares, compared to its average volume of 1,750,177. Alta Mesa Resources has a 52-week low of $0.20 and a 52-week high of $7.92. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.20.
About Alta Mesa Resources
Alta Mesa Resources, Inc focuses on the acquisition and development of unconventional oil and natural gas reserves in the Anadarko Basin. It also offers midstream energy services, including crude oil and gas gathering, processing, and marketing to producers of natural gas, natural gas liquids, crude oil, and condensate in the STACK Play region of Oklahoma.
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