Alta Mesa Resources Inc (NASDAQ:AMR)’s share price was down 6.7% during mid-day trading on Thursday . The company traded as low as $0.14 and last traded at $0.14, approximately 1,438,833 shares were traded during trading. A decline of 58% from the average daily volume of 3,430,753 shares. The stock had previously closed at $0.15.
A number of equities research analysts recently issued reports on AMR shares. Zacks Investment Research raised shares of Alta Mesa Resources from a “sell” rating to a “hold” rating in a research note on Tuesday. ValuEngine raised shares of Alta Mesa Resources from a “strong sell” rating to a “sell” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $6.69.
The stock’s 50-day simple moving average is $0.16.
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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