Alta Mesa Resources Inc (NASDAQ:AMR)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $0.13, but opened at $0.13. Alta Mesa Resources shares last traded at $0.12, with a volume of 2,127,232 shares trading hands.
AMR has been the subject of several recent research reports. 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 raised shares of Alta Mesa Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $6.19.
The company’s 50 day simple moving average is $0.15 and its 200-day simple moving average is $0.30.
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.
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