Alta Mesa Resources (NASDAQ:AMR) Trading 8.3% Higher
Shares of Alta Mesa Resources Inc (NASDAQ:AMR) traded up 8.3% during trading on Monday . The company traded as high as $0.13 and last traded at $0.13, 1,608,979 shares traded hands during mid-day trading. A decline of 51% from the average session volume of 3,316,919 shares. The stock had previously closed at $0.12.
A number of research analysts recently commented on the company. ValuEngine raised Alta Mesa Resources from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. Zacks Investment Research raised Alta Mesa Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $6.19.
The stock has a 50 day moving average of $0.15 and a 200 day moving average of $0.29.
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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