Alta Mesa Resources (AMR) Expected to Post Q2 2018 Earnings of $0.11 Per Share

Alta Mesa Resources (NASDAQ:AMR) – Stock analysts at Imperial Capital issued their Q2 2018 earnings per share (EPS) estimates for shares of Alta Mesa Resources in a research report issued to clients and investors on Tuesday, May 15th. Imperial Capital analyst I. Haas forecasts that the company will earn $0.11 per share for the quarter. Imperial Capital has a “Outperform” rating and a $10.00 price target on the stock. Imperial Capital also issued estimates for Alta Mesa Resources’ Q3 2018 earnings at $0.16 EPS, Q4 2018 earnings at $0.24 EPS, Q1 2019 earnings at $0.24 EPS, Q2 2019 earnings at $0.27 EPS, Q3 2019 earnings at $0.30 EPS and Q4 2019 earnings at $0.31 EPS.

Other equities analysts also recently issued reports about the company. Zacks Investment Research downgraded Alta Mesa Resources from a “hold” rating to a “sell” rating in a research note on Monday, May 7th. Stifel Nicolaus started coverage on Alta Mesa Resources in a research note on Thursday, April 5th. They issued a “buy” rating and a $13.00 price target on the stock.

Alta Mesa Resources opened at $7.64 on Thursday, Marketbeat reports. Alta Mesa Resources has a 12 month low of $6.60 and a 12 month high of $10.79.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. purchased a new position in Alta Mesa Resources during the first quarter valued at $59,866,000. BlackRock Inc. purchased a new position in Alta Mesa Resources during the first quarter valued at $25,818,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in Alta Mesa Resources during the first quarter valued at $12,042,000. Wells Fargo & Company MN purchased a new position in Alta Mesa Resources during the first quarter valued at $11,013,000. Finally, SCP Investment LP purchased a new position in Alta Mesa Resources during the first quarter valued at $4,573,000. Institutional investors own 68.47% of the company’s stock.

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. The company 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.

Earnings History and Estimates for Alta Mesa Resources (NASDAQ:AMR)

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