Alta Mesa Resources Inc (NASDAQ:AMR) gapped down prior to trading on Monday . The stock had previously closed at $0.19, but opened at $0.18. Alta Mesa Resources shares last traded at $0.13, with a volume of 9275535 shares trading hands.
AMR has been the subject of several recent research reports. Zacks Investment Research upgraded Alta Mesa Resources from a “sell” rating to a “buy” rating and set a $0.25 price target for the company in a research note on Tuesday, April 30th. ValuEngine upgraded Alta Mesa Resources from a “strong sell” rating to a “sell” rating in a research note on Tuesday, March 5th. Finally, Guggenheim cut Alta Mesa Resources from a “buy” rating to a “sell” rating in a research note on Tuesday, February 26th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $6.69.
The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.59 and a current ratio of 0.59.
Several hedge funds have recently modified their holdings of the stock. HPS Investment Partners LLC bought a new stake in Alta Mesa Resources during the fourth quarter worth $32,346,000. Apollo Management Holdings L.P. bought a new stake in Alta Mesa Resources during the first quarter worth $625,000. Hsbc Holdings PLC lifted its stake in Alta Mesa Resources by 1,814.9% during the first quarter. Hsbc Holdings PLC now owns 1,602,060 shares of the company’s stock worth $425,000 after purchasing an additional 1,518,395 shares during the last quarter. Nut Tree Capital Management LP bought a new stake in Alta Mesa Resources during the first quarter worth $403,000. Finally, Deutsche Bank AG lifted its stake in Alta Mesa Resources by 656.5% during the fourth quarter. Deutsche Bank AG now owns 1,658,320 shares of the company’s stock worth $1,657,000 after purchasing an additional 1,439,097 shares during the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.
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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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