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 approved a share buyback plan 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 buy up to 2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its shares are undervalued.

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

3 equities research analysts have issued twelve-month target prices for Alta Mesa Resources' stock. Their predictions range from $6.00 to $6.50. On average, they anticipate Alta Mesa Resources' stock price to reach $6.25 in the next twelve months. This suggests a possible upside of 15,525.0% 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 been trending negative recently, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Alta Mesa Resources earned a media sentiment score of -2.6 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the next few days. View News Stories for Alta Mesa Resources.

Some companies that are related to Alta Mesa Resources include 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 $0.04.

Alta Mesa Resources has a market capitalization of $15.30 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.