Recent Analysts’ Ratings Changes for Alta Mesa Resources (AMR)

Alta Mesa Resources (NASDAQ: AMR) recently received a number of ratings updates from brokerages and research firms:

  • 3/12/2019 – Alta Mesa Resources was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Alta Mesa Resources, Inc. is an exploration and production company which focused on the development and acquisition of unconventional oil and natural gas reserves primarily in the eastern portion of the Anadarko Basin. Alta Mesa Resources Inc., formerly known as SILVER RUN ACQ, is based in TX, United States. “
  • 3/6/2019 – Alta Mesa Resources was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Alta Mesa Resources, Inc. is an exploration and production company which focused on the development and acquisition of unconventional oil and natural gas reserves primarily in the eastern portion of the Anadarko Basin. Alta Mesa Resources Inc., formerly known as SILVER RUN ACQ, is based in TX, United States. “
  • 3/5/2019 – Alta Mesa Resources was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 2/28/2019 – Alta Mesa Resources was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Alta Mesa Resources, Inc. is an exploration and production company which focused on the development and acquisition of unconventional oil and natural gas reserves primarily in the eastern portion of the Anadarko Basin. Alta Mesa Resources Inc., formerly known as SILVER RUN ACQ, is based in TX, United States. “
  • 2/27/2019 – Alta Mesa Resources was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 2/26/2019 – Alta Mesa Resources was downgraded by analysts at Guggenheim from a “buy” rating to a “sell” rating.
  • 2/20/2019 – Alta Mesa Resources was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Alta Mesa Resources, Inc. is an exploration and production company which focused on the development and acquisition of unconventional oil and natural gas reserves primarily in the eastern portion of the Anadarko Basin. Alta Mesa Resources Inc., formerly known as SILVER RUN ACQ, is based in TX, United States. “
  • 2/12/2019 – Alta Mesa Resources was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Alta Mesa Resources, Inc. is an exploration and production company which focused on the development and acquisition of unconventional oil and natural gas reserves primarily in the eastern portion of the Anadarko Basin. Alta Mesa Resources Inc., formerly known as SILVER RUN ACQ, is based in TX, United States. “
  • 2/5/2019 – Alta Mesa Resources was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Alta Mesa Resources, Inc. is an exploration and production company which focused on the development and acquisition of unconventional oil and natural gas reserves primarily in the eastern portion of the Anadarko Basin. Alta Mesa Resources Inc., formerly known as SILVER RUN ACQ, is based in TX, United States. “
  • 1/29/2019 – Alta Mesa Resources was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Alta Mesa Resources, Inc. is an exploration and production company which focused on the development and acquisition of unconventional oil and natural gas reserves primarily in the eastern portion of the Anadarko Basin. Alta Mesa Resources Inc., formerly known as SILVER RUN ACQ, is based in TX, United States. “
  • 1/25/2019 – Alta Mesa Resources was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 1/23/2019 – Alta Mesa Resources was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Alta Mesa Resources, Inc. is an exploration and production company which focused on the development and acquisition of unconventional oil and natural gas reserves primarily in the eastern portion of the Anadarko Basin. Alta Mesa Resources Inc., formerly known as SILVER RUN ACQ, is based in TX, United States. “
  • 1/14/2019 – Alta Mesa Resources was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Alta Mesa Resources, Inc. is an exploration and production company which focused on the development and acquisition of unconventional oil and natural gas reserves primarily in the eastern portion of the Anadarko Basin. Alta Mesa Resources Inc., formerly known as SILVER RUN ACQ, is based in TX, United States. “

Shares of AMR stock opened at $0.35 on Friday. Alta Mesa Resources Inc has a 12-month low of $0.20 and a 12-month high of $8.70. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.20.

Several hedge funds have recently modified their holdings of the company. Teachers Advisors LLC increased its holdings in shares of Alta Mesa Resources by 8.8% in the third quarter. Teachers Advisors LLC now owns 198,580 shares of the company’s stock worth $830,000 after purchasing an additional 16,081 shares during the last quarter. California Public Employees Retirement System bought a new stake in shares of Alta Mesa Resources in the second quarter worth about $119,000. Baker Avenue Asset Management LP increased its holdings in shares of Alta Mesa Resources by 10.4% in the third quarter. Baker Avenue Asset Management LP now owns 221,253 shares of the company’s stock worth $925,000 after purchasing an additional 20,835 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Alta Mesa Resources by 50.2% in the third quarter. Alliancebernstein L.P. now owns 67,300 shares of the company’s stock worth $281,000 after purchasing an additional 22,500 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in shares of Alta Mesa Resources by 1,359.7% in the fourth quarter. Citigroup Inc. now owns 27,501 shares of the company’s stock worth $27,000 after purchasing an additional 25,617 shares during the last quarter. 76.76% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading: Understanding Specialty Certificates of Deposit

Receive News & Ratings for Alta Mesa Resources Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alta Mesa Resources Inc and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply