Imperial Capital Downgrades Alta Mesa Resources Inc (AMR) to Hold


Alta Mesa Resources Inc (NASDAQ: AMR) received a Hold rating and an $8 price target from Imperial Capital analyst Irene Haas today. The company’s shares closed yesterday at $4.77, close to its 52-week low of $4.36.

According to TipRanks.com, Haas is ranked #4035 out of 4857 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alta Mesa Resources Inc with a $9 average price target.

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The company has a one-year high of $10.79 and a one-year low of $4.36. Currently, Alta Mesa Resources Inc has an average volume of 1.18M.

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Alta Mesa Resources, Inc. is an independent exploration and production company, which is focused on the development and acquisition of unconventional oil and natural gas reserves in the eastern portion of the Anadarko Basin referred to as the STACK. The company was founded in 2018 and is headquartered in Houston, TX.

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