Alta Mesa Resources Inc (NASDAQ:AMR) – Analysts at Imperial Capital boosted their Q2 2018 earnings per share (EPS) estimates for shares of Alta Mesa Resources in a research note issued to investors on Tuesday, July 10th. Imperial Capital analyst I. Haas now expects that the company will post earnings per share of $0.13 for the quarter, up from their prior forecast of $0.10. Imperial Capital also issued estimates for Alta Mesa Resources’ Q3 2018 earnings at $0.19 EPS, Q4 2018 earnings at $0.25 EPS, FY2018 earnings at $0.57 EPS, Q2 2019 earnings at $0.29 EPS, Q4 2019 earnings at $0.35 EPS and FY2019 earnings at $1.20 EPS.
Get Alta Mesa Resources alerts:A number of other equities research analysts have also recently issued reports on AMR. Zacks Investment Research raised shares of Alta Mesa Resources from a “sell” rating to a “hold” rating in a research note on Friday, May 25th. Goldman Sachs Group started coverage on shares of Alta Mesa Resources in a research note on Tuesday. They issued a “buy” rating and a $8.25 price objective for the company. Stifel Nicolaus started coverage on shares of Alta Mesa Resources in a research note on Thursday, April 5th. They issued a “buy” rating and a $13.00 price objective for the company. Finally, ValuEngine cut shares of Alta Mesa Resources from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 29th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $9.69.
Alta Mesa Resources opened at $6.81 on Thursday, MarketBeat reports. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.17. Alta Mesa Resources has a one year low of $6.35 and a one year high of $10.79.
Several institutional investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC bought a new stake in Alta Mesa Resources during the 1st quarter valued at $105,000. Quantitative Systematic Strategies LLC bought a new stake in Alta Mesa Resources during the 1st quarter valued at $143,000. Citigroup Inc. bought a new stake in Alta Mesa Resources during the 1st quarter valued at $161,000. Verition Fund Management LLC bought a new stake in Alta Mesa Resources during the 1st quarter valued at $186,000. Finally, Barclays PLC bought a new stake in Alta Mesa Resources during the 1st quarter valued at $257,000. 49.97% of the stock is owned by institutional investors.
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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