Brokerages expect Alta Mesa Resources Inc (NASDAQ:AMR) to report ($0.02) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Alta Mesa Resources’ earnings. The firm is scheduled to report its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Alta Mesa Resources will report full-year earnings of ($0.05) per share for the current financial year, with EPS estimates ranging from ($0.07) to ($0.02). For the next fiscal year, analysts anticipate that the firm will post earnings of ($0.05) per share, with EPS estimates ranging from ($0.11) to $0.01. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Alta Mesa Resources.
AMR has been the subject of several research reports. Zacks Investment Research lowered Alta Mesa Resources from a “hold” rating to a “sell” rating in a research note on Tuesday, March 12th. ValuEngine lowered Alta Mesa Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $6.69.
AMR opened at $0.21 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.59 and a current ratio of 0.59. Alta Mesa Resources has a fifty-two week low of $0.17 and a fifty-two week high of $7.79.
Several institutional investors and hedge funds have recently added to or reduced their stakes in AMR. Teachers Advisors LLC lifted 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 valued at $830,000 after purchasing an additional 16,081 shares in the last quarter. Citigroup Inc. lifted 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 valued at $27,000 after purchasing an additional 25,617 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Alta Mesa Resources in the fourth quarter valued at $32,000. Geode Capital Management LLC lifted its holdings in shares of Alta Mesa Resources by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 1,239,611 shares of the company’s stock valued at $1,239,000 after purchasing an additional 33,442 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Alta Mesa Resources in the fourth quarter valued at $38,000. 76.88% of the stock is owned by institutional investors and hedge funds.
About Alta Mesa Resources
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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