Equities analysts predict that Alta Mesa Resources Inc (NASDAQ:AMR) will post earnings of ($0.01) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Alta Mesa Resources’ earnings. Alta Mesa Resources posted earnings per share of ($0.04) in the same quarter last year, which would suggest a positive year-over-year growth rate of 75%. The company is expected to report its next quarterly earnings report on Tuesday, August 13th.
On average, analysts expect that Alta Mesa Resources will report full-year earnings of ($0.04) per share for the current year, with EPS estimates ranging from ($0.05) to ($0.02). For the next year, analysts anticipate that the firm will report earnings of ($0.04) per share, with EPS estimates ranging from ($0.06) to ($0.01). Zacks’ EPS calculations are an average based on a survey of research firms that follow Alta Mesa Resources.
A number of analysts have recently weighed in on the company. Zacks Investment Research raised Alta Mesa Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th. ValuEngine raised Alta Mesa Resources from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $6.69.
Shares of NASDAQ:AMR traded down $0.01 during trading on Tuesday, reaching $0.14. 1,625,112 shares of the company traded hands, compared to its average volume of 3,354,761. Alta Mesa Resources has a 52-week low of $0.11 and a 52-week high of $5.75. The firm’s fifty day simple moving average is $0.15.
Alta Mesa Resources Company Profile
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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