Alta Mesa Resources Inc (NASDAQ:AMR)’s share price dropped 5.6% during mid-day trading on Tuesday . The stock traded as low as $0.17 and last traded at $0.17, approximately 2,543,787 shares were traded during mid-day trading. A decline of 29% from the average daily volume of 3,594,216 shares. The stock had previously closed at $0.18.
AMR has been the subject of several analyst reports. ValuEngine lowered shares of Intersect ENT from a “buy” rating to a “hold” rating in a report on Monday, June 3rd. Zacks Investment Research upgraded shares of GCP Applied Technologies from a “sell” rating to a “hold” rating in a report on Friday, May 31st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Alta Mesa Resources has a consensus rating of “Hold” and a consensus target price of $6.69.
The company has a fifty day moving average price of $0.16.
Alta Mesa Resources Company Profile (NASDAQ:AMR)
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.
Recommended Story: When can a hold rating present a buying opportunity?
Receive News & Ratings for Alta Mesa Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alta Mesa Resources and related companies with MarketBeat.com's FREE daily email newsletter.