NASDAQ:AMR - Alta Mesa Resources Stock Price, News, & Analysis

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$1.42 -0.02 (-1.39 %)
(As of 12/12/2018 07:33 AM ET)
Previous Close$1.44
Today's Range$1.41 - $1.48
52-Week Range$1.40 - $10.79
Volume682,549 shs
Average Volume1.80 million shs
Market Capitalization$601.79 million
P/E RatioN/A
Dividend YieldN/A
Beta1.21
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. The company was formerly known as Silver Run Acquisition Corporation II and changed its name to Alta Mesa Resources, Inc. in February 2018. Alta Mesa Resources, Inc. was founded in 1987 and is based in Houston, Texas.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Holding & other investment offices
Sub-IndustryN/A
SectorOils/Energy
Current SymbolNASDAQ:AMR
Previous Symbol
CUSIPN/A
Phone281-530-0991

Debt

Debt-to-Equity Ratio0.20
Current Ratio0.59
Quick Ratio0.59

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual SalesN/A
Price / SalesN/A
Cash Flow$0.0131 per share
Price / Cash Flow108.15
Book Value$0.04 per share
Price / Book35.50

Profitability

EPS (Most Recent Fiscal Year)N/A
Net Income$1.89 million
Net MarginsN/A
Return on Equity-2.39%
Return on Assets-1.75%

Miscellaneous

EmployeesN/A
Outstanding Shares380,880,000
Market Cap$601.79 million
OptionableOptionable

Alta Mesa Resources (NASDAQ:AMR) Frequently Asked Questions

What is Alta Mesa Resources' stock symbol?

Alta Mesa Resources trades on the NASDAQ under the ticker symbol "AMR."

How will Alta Mesa Resources' stock buyback program work?

Alta Mesa Resources announced that its Board of Directors has initiated a share buyback plan on Tuesday, August 14th 2018, which authorizes the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

How were Alta Mesa Resources' earnings last quarter?

Alta Mesa Resources Inc (NASDAQ:AMR) posted its quarterly earnings data on Tuesday, November, 13th. The company reported $0.04 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.05 by $0.01. The company had revenue of $164.80 million for the quarter, compared to the consensus estimate of $130.23 million. The business's revenue for the quarter was up 161.2% on a year-over-year basis. View Alta Mesa Resources' Earnings History.

When is Alta Mesa Resources' next earnings date?

Alta Mesa Resources is scheduled to release their next quarterly earnings announcement on Tuesday, February 12th 2019. View Earnings Estimates for Alta Mesa Resources.

What price target have analysts set for AMR?

4 brokers have issued 12 month price objectives for Alta Mesa Resources' shares. Their predictions range from $6.00 to $12.00. On average, they anticipate Alta Mesa Resources' share price to reach $8.30 in the next year. This suggests a possible upside of 484.5% from the stock's current price. View Analyst Price Targets for Alta Mesa Resources.

What is the consensus analysts' recommendation for Alta Mesa Resources?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alta Mesa Resources in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Alta Mesa Resources.

Has Alta Mesa Resources been receiving favorable news coverage?

News articles about AMR stock have been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Alta Mesa Resources earned a news impact score of -1.3 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 3.0 out of 10, indicating that recent news coverage is unlikely to have an impact on the company's share price in the near future.

Are investors shorting Alta Mesa Resources?

Alta Mesa Resources saw a drop in short interest in the month of November. As of November 30th, there was short interest totalling 15,902,118 shares, a drop of 11.1% from the November 15th total of 17,880,495 shares. Based on an average daily volume of 2,211,916 shares, the short-interest ratio is currently 7.2 days. Currently, 17.8% of the shares of the stock are short sold. View Alta Mesa Resources' Current Options Chain.

Who are some of Alta Mesa Resources' key competitors?

Who are Alta Mesa Resources' key executives?

Alta Mesa Resources' management team includes the folowing people:
  • Mr. Harlan H. Chappelle, Pres, CEO & Director (Age 61)
  • Mr. Michael Anthony McCabe, VP, CFO & Assistant Sec. (Age 62)
  • Mr. Michael Edward Ellis, COO of Upstream & Director (Age 62)
  • Mr. David Murrell, VP of Land & Bus. Devel. (Age 56)
  • Mr. James T. Hackett, Exec. Chairman (Age 64)

Who are Alta Mesa Resources' major shareholders?

Alta Mesa Resources' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (2.02%), BlackRock Inc. (1.88%), Point72 Asset Management L.P. (1.28%), SCP Investment LP (0.54%), Wells Fargo & Company MN (0.52%) and Dimensional Fund Advisors LP (0.25%). Company insiders that own Alta Mesa Resources stock include Bayou City Energy Management L, Highfields Capital Management and Ronald Jay Smith. View Institutional Ownership Trends for Alta Mesa Resources.

Which major investors are selling Alta Mesa Resources stock?

AMR stock was sold by a variety of institutional investors in the last quarter, including Sanders Morris Harris LLC, Private Advisor Group LLC, Jennison Associates LLC and Commonwealth of Pennsylvania Public School Empls Retrmt SYS. View Insider Buying and Selling for Alta Mesa Resources.

Which major investors are buying Alta Mesa Resources stock?

AMR stock was bought by a variety of institutional investors in the last quarter, including SCP Investment LP, Dimensional Fund Advisors LP, Vanguard Group Inc., Sanders Morris Harris LLC, JBF Capital Inc., BlackRock Inc., First Washington CORP and JPMorgan Chase & Co.. Company insiders that have bought Alta Mesa Resources stock in the last two years include Bayou City Energy Management L and Ronald Jay Smith. View Insider Buying and Selling for Alta Mesa Resources.

How do I buy shares of Alta Mesa Resources?

Shares of AMR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Alta Mesa Resources' stock price today?

One share of AMR stock can currently be purchased for approximately $1.42.

How big of a company is Alta Mesa Resources?

Alta Mesa Resources has a market capitalization of $601.79 million.

What is Alta Mesa Resources' official website?

The official website for Alta Mesa Resources is http://www.altamesa.net.

How can I contact Alta Mesa Resources?

Alta Mesa Resources' mailing address is 15021 Katy Freeway Suite 400, Houston TX, 77094. The company can be reached via phone at 281-530-0991.


MarketBeat Community Rating for Alta Mesa Resources (NASDAQ AMR)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  127 (Vote Outperform)
Underperform Votes:  151 (Vote Underperform)
Total Votes:  278
MarketBeat's community ratings are surveys of what our community members think about Alta Mesa Resources and other stocks. Vote "Outperform" if you believe AMR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AMR will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/12/2018 by MarketBeat.com Staff

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