Q1 2019 EPS Estimates for Alta Mesa Resources Inc Boosted by Imperial Capital (AMR)

Alta Mesa Resources Inc (NASDAQ:AMR) – Investment analysts at Imperial Capital raised their Q1 2019 earnings per share (EPS) estimates for shares of Alta Mesa Resources in a research report issued to clients and investors on Tuesday, May 21st. Imperial Capital analyst I. Haas now anticipates that the company will post earnings per share of ($0.01) for the quarter, up from their previous estimate of ($0.02). Imperial Capital also issued estimates for Alta Mesa Resources’ Q3 2019 earnings at $0.01 EPS, Q4 2019 earnings at $0.00 EPS, FY2019 earnings at $0.00 EPS and FY2020 earnings at ($0.06) EPS.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Alta Mesa Resources from a “hold” rating to a “sell” rating in a research note on Monday, April 8th. Guggenheim cut shares of Alta Mesa Resources from a “buy” rating to a “sell” rating in a research report on Tuesday, February 26th. Finally, ValuEngine raised shares of Alta Mesa Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. Alta Mesa Resources has a consensus rating of “Hold” and an average target price of $6.69.

Shares of AMR opened at $0.12 on Thursday. Alta Mesa Resources has a 52-week low of $0.11 and a 52-week high of $7.48. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.59 and a current ratio of 0.59.

Hedge funds have recently made changes to their positions in the company. HPS Investment Partners LLC purchased a new stake in Alta Mesa Resources in the 4th quarter valued at about $32,346,000. Apollo Management Holdings L.P. purchased a new stake in Alta Mesa Resources in the 1st quarter valued at about $625,000. Hsbc Holdings PLC raised its holdings in Alta Mesa Resources by 1,814.9% in the 1st quarter. Hsbc Holdings PLC now owns 1,602,060 shares of the company’s stock valued at $425,000 after buying an additional 1,518,395 shares during the period. Nut Tree Capital Management LP purchased a new stake in Alta Mesa Resources in the 1st quarter valued at about $403,000. Finally, Deutsche Bank AG raised its holdings in Alta Mesa Resources by 656.5% in the 4th quarter. Deutsche Bank AG now owns 1,658,320 shares of the company’s stock valued at $1,657,000 after buying an additional 1,439,097 shares during the period. 76.55% of the stock is currently owned by hedge funds and other 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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Earnings History and Estimates for Alta Mesa Resources (NASDAQ:AMR)

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