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

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

Alta Mesa Resources declared that its Board of Directors has initiated a stock buyback program on Tuesday, August 14th 2018, which allows the company to repurchase $50,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 2% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its shares are undervalued.

Alta Mesa Resources Inc (NASDAQ:AMR) released its quarterly earnings results on Tuesday, November, 13th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.01. The business earned $164.80 million during the quarter, compared to the consensus estimate of $130.23 million. Alta Mesa Resources had a negative return on equity of 124.33% and a negative net margin of 276.83%. The company's revenue was up 161.2% compared to the same quarter last year. View Alta Mesa Resources' Earnings History.

3 Wall Street analysts have issued 1 year price targets for Alta Mesa Resources' stock. Their forecasts range from $6.00 to $6.50. On average, they anticipate Alta Mesa Resources' stock price to reach $6.25 in the next year. This suggests a possible upside of 7,712.5% from the stock's current price. View Analyst Price Targets for Alta Mesa Resources.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alta Mesa Resources in the last year. There are currently 1 sell rating and 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Alta Mesa Resources.

News headlines about AMR stock have trended somewhat negative on Saturday, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Alta Mesa Resources earned a coverage optimism score of -1.5 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Alta Mesa Resources.

Some companies that are related to Alta Mesa Resources include AgroFresh Solutions (AGFS), Allied Esports Entertainment (AESE), KBL MERGER CORP/SH (KBLM), Pensare Acquisition (WRLS), HL Acquisition (HCCH), Infrastructure and Energy Alternatives (IEA), TMSR (TMSR), STELLAR ACQUISI/SH SH (STLR), UPD (UPDC), Sandston (SDON) and FCCC (FCIC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Alta Mesa Resources investors own include DryShips (DRYS), Micron Technology (MU), Bank of America (BAC), Mammoth Energy Services (TUSK), Chesapeake Energy (CHK), AT&T (T), Intel (INTC), Caterpillar (CAT), Energy Transfer LP Unit (ET) and Freeport-McMoRan (FCX).

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, Robinhood, Fidelity and Charles Schwab.

One share of AMR stock can currently be purchased for approximately $0.08.

Alta Mesa Resources has a market capitalization of $30.61 million and generates $515.62 million in revenue each year. View Additional Information About Alta Mesa Resources.

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

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.