Alta Mesa Resources Inc (NASDAQ:AMR) was the target of a large growth in short interest in July. As of July 31st, there was short interest totalling 16,577,400 shares, a growth of 25.0% from the June 30th total of 13,264,900 shares. Based on an average daily trading volume, of 4,320,000 shares, the short-interest ratio is currently 3.8 days. Currently, 15.2% of the shares of the stock are short sold.
A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of Alta Mesa Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th. ValuEngine raised shares of 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 given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $6.69.
Several large investors have recently modified their holdings of the business. Geode Capital Management LLC grew its stake in shares of Alta Mesa Resources by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 1,239,611 shares of the company’s stock worth $1,239,000 after buying an additional 33,442 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Alta Mesa Resources in the 4th quarter worth $59,000. D. E. Shaw & Co. Inc. purchased a new position in shares of Alta Mesa Resources in the 4th quarter worth $60,000. Two Sigma Advisers LP grew its stake in shares of Alta Mesa Resources by 984.3% in the 4th quarter. Two Sigma Advisers LP now owns 117,100 shares of the company’s stock worth $117,000 after buying an additional 106,300 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of Alta Mesa Resources in the 2nd quarter worth $49,000. 48.91% of the stock is owned by institutional investors and hedge funds.
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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