Alta Mesa Resources Inc (NASDAQ:AMR) has coverage initiated with a Buy rating and $10.00 price target

ME Staff
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Analyst Ratings For Alta Mesa Resources Inc (NASDAQ:AMR)

Today, Guggenheim initiated coverage on Alta Mesa Resources Inc (NASDAQ:AMR) with a Buy with a price target of $10.00.

There are 4 Buy Ratings, no Strong Buy Ratings, no Sell Ratings, no Hold Ratings on the stock.

The current consensus rating on Alta Mesa Resources Inc (NASDAQ:AMR) is Buy with a consensus target price of $10.3125 per share, a potential 66.60% upside.

Some recent analyst ratings include

  • 7/30/2018-Guggenheim initiated coverage with a Buy rating.
  • 7/10/2018-Goldman Sachs Group initiated coverage with a Buy rating.
  • 4/5/2018-Stifel Nicolaus initiated coverage with a Buy rating.
  • 3/5/2018-Imperial Capital initiated coverage with a Outperform rating.

Recent Insider Trading Activity For Alta Mesa Resources Inc (NASDAQ:AMR)
Alta Mesa Resources Inc (NASDAQ:AMR) has insider ownership of 0.21% and institutional ownership of 50.05%.

  • On 4/13/2018 Ronald Jay Smith, CAO, bought 250 with an average share price of $7.35 per share and the total transaction amounting to $1,837.50.
  • On 9/29/2017 Highfields Capital Management, Major Shareholder, sold 3,241,000 with an average share price of $10.17 per share and the total transaction amounting to $32,960,970.00.

About Alta Mesa Resources Inc (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. The company was formerly known as Silver Run Acquisition Corporation II and changed its name to Alta Mesa Resources, Inc. in February 2018. Alta Mesa Resources, Inc. was founded in 1987 and is based in Houston, Texas.

Recent Trading Activity for Alta Mesa Resources Inc (NASDAQ:AMR)
Shares of Alta Mesa Resources Inc closed the previous trading session at 6.18 up +0.14 2.40% with 6.1 shares trading hands.