Alta Mesa Resources (NASDAQ:AMR) was upgraded by investment analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued to investors on Thursday, ValuEngine reports.
Separately, Zacks Investment Research raised Alta Mesa Resources from a “sell” rating to a “hold” rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Alta Mesa Resources has a consensus rating of “Hold” and a consensus target price of $6.69.
Alta Mesa Resources stock traded down $0.01 during mid-day trading on Thursday, hitting $0.14. The company had a trading volume of 1,450,900 shares, compared to its average volume of 3,430,835. The business has a 50 day simple moving average of $0.16. Alta Mesa Resources has a 12 month low of $0.11 and a 12 month high of $6.46.
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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