Analysts expect Alta Mesa Resources Inc (NASDAQ:AMR) to report $0.04 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Alta Mesa Resources’ earnings. The business is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, February 26th.

According to Zacks, analysts expect that Alta Mesa Resources will report full-year earnings of $0.06 per share for the current fiscal year, with EPS estimates ranging from $0.04 to $0.08. For the next financial year, analysts anticipate that the company will report earnings of $0.12 per share, with EPS estimates ranging from $0.08 to $0.15. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Alta Mesa Resources.

Alta Mesa Resources (NASDAQ:AMR) last issued its quarterly earnings results on Tuesday, November 13th. The company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.01). The firm had revenue of $164.80 million during the quarter, compared to analyst estimates of $130.23 million. The business’s revenue for the quarter was up 161.2% on a year-over-year basis.

AMR has been the subject of several research analyst reports. Zacks Investment Research downgraded Alta Mesa Resources from a “hold” rating to a “sell” rating in a research note on Tuesday, January 8th. Imperial Capital set a $6.00 target price on Alta Mesa Resources and gave the stock a “hold amr” rating in a research note on Monday, December 24th. Finally, ValuEngine downgraded Alta Mesa Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, November 21st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $8.14.

Shares of AMR stock traded up $0.01 during trading hours on Monday, reaching $0.77. 33,906 shares of the company’s stock were exchanged, compared to its average volume of 973,538. Alta Mesa Resources has a 1 year low of $0.75 and a 1 year high of $9.61. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.59 and a current ratio of 0.59.

A number of hedge funds and other institutional investors have recently bought and sold shares of AMR. Virtu Financial LLC acquired a new position in Alta Mesa Resources in the 4th quarter valued at $32,000. California Public Employees Retirement System purchased a new stake in Alta Mesa Resources in the 2nd quarter valued at $119,000. SG Americas Securities LLC grew its holdings in Alta Mesa Resources by 556.9% in the 4th quarter. SG Americas Securities LLC now owns 128,380 shares of the company’s stock valued at $128,000 after buying an additional 108,837 shares in the last quarter. Rhumbline Advisers grew its holdings in Alta Mesa Resources by 42.0% in the 4th quarter. Rhumbline Advisers now owns 147,380 shares of the company’s stock valued at $147,000 after buying an additional 43,557 shares in the last quarter. Finally, Clear Harbor Asset Management LLC purchased a new stake in Alta Mesa Resources in the 3rd quarter valued at $182,000. 50.10% of the stock is owned by hedge funds and other institutional investors.

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. 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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