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

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$0.23 +0.05 (+28.11 %)
(As of 04/24/2019 07:54 AM ET)
Previous Close$0.1751
Today's Range$0.1805 - $0.2684
52-Week Range$0.17 - $7.87
Volume18.79 million shs
Average Volume2.77 million shs
Market Capitalization$86.80 million
P/E RatioN/A
Dividend YieldN/A
Beta1.08
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

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

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A
Cash Flow$0.0177 per share
Book Value$0.04 per share

Profitability

Net Income$1.89 million

Miscellaneous

EmployeesN/A
Market Cap$86.80 million
Next Earnings DateN/A
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 declared that its Board of Directors has initiated a share repurchase plan on Tuesday, August 14th 2018, which allows the company to repurchase $50,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

How were Alta Mesa Resources' earnings last quarter?

Alta Mesa Resources Inc (NASDAQ:AMR) released its quarterly earnings data on Tuesday, November, 13th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by $0.01. The firm earned $164.80 million during 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.

What price target have analysts set for AMR?

4 brokers have issued twelve-month target prices for Alta Mesa Resources' stock. Their forecasts range from $6.00 to $12.00. On average, they anticipate Alta Mesa Resources' stock price to reach $8.30 in the next year. This suggests a possible upside of 3,541.9% 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 1 sell rating, 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Alta Mesa Resources.

Has Alta Mesa Resources been receiving favorable news coverage?

Media stories about AMR stock have trended somewhat negative this week, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Alta Mesa Resources earned a news impact score of -1.4 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an impact on the company's share price in the next several days.

Who are some of Alta Mesa Resources' key competitors?

What other stocks do shareholders of Alta Mesa Resources own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Alta Mesa Resources investors own include Micron Technology (MU), DryShips (DRYS), Chesapeake Energy (CHK), Energy Transfer LP Unit (ET), AT&T (T), Mammoth Energy Services (TUSK), Blackstone Group (BX), General Electric (GE), Green Plains Partners (GPP) and New Residential Investment (NRZ).

Who are Alta Mesa Resources' key executives?

Alta Mesa Resources' management team includes the folowing people:
  • Mr. David Murrell, VP of Land & Bus. Devel. (Age 57)
  • Mr. Michael Anthony McCabe, VP & Assistant Sec. (Age 63)
  • Mr. James T. Hackett, Exec. Chairman & Interim CEO (Age 65)
  • Mr. Randy L. Limbacher, Pres (Age 61)
  • Mr. John C. Regan, VP & CFO (Age 49)

Who are Alta Mesa Resources' major shareholders?

Alta Mesa Resources' stock is owned by many different of institutional and retail investors. Top institutional investors include Sanders Morris Harris LLC (0.38%). 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 institutional investors are buying Alta Mesa Resources stock?

AMR stock was purchased by a variety of institutional investors in the last quarter, including Sanders Morris Harris LLC. 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 $0.2279.

How big of a company is Alta Mesa Resources?

Alta Mesa Resources has a market capitalization of $86.80 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:  2.1 out of 5 (star star)
Outperform Votes:  171 (Vote Outperform)
Underperform Votes:  232 (Vote Underperform)
Total Votes:  403
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 4/24/2019 by MarketBeat.com Staff

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