Shares of Alta Mesa Resources Inc (NASDAQ:AMR) have earned a consensus rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $8.17.
Several equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of Alta Mesa Resources from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st. Zacks Investment Research upgraded shares of Alta Mesa Resources from a “sell” rating to a “hold” rating in a report on Tuesday, July 30th.
AMR traded down $0.01 on Friday, hitting $0.12. The company had a trading volume of 2,127,232 shares, compared to its average volume of 3,327,723. Alta Mesa Resources has a 52-week low of $0.10 and a 52-week high of $4.97. The stock has a fifty day simple moving average of $0.15 and a 200-day simple moving average of $0.30.
Alta Mesa Resources Company Profile
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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