Alta Mesa Resources Inc (NASDAQ:AMR) gapped down prior to trading on Friday . The stock had previously closed at $0.08, but opened at $0.08. Alta Mesa Resources shares last traded at $0.07, with a volume of 1,723,028 shares traded.
Several research analysts have commented on the stock. Zacks Investment Research lowered shares of Alta Mesa Resources from a “hold” rating to a “sell” rating in a report on Tuesday, September 10th. ValuEngine upgraded shares of Alta Mesa Resources from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Alta Mesa Resources has an average rating of “Hold” and an average target price of $4.25.
The company has a debt-to-equity ratio of 0.81, a current ratio of 0.15 and a quick ratio of 0.15. The company’s fifty day simple moving average is $0.12 and its 200 day simple moving average is $0.19.
About Alta Mesa Resources (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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