Alta Mesa Resources (AMR) PT Lowered to $6 at Imperial Capital

Imperial Capital analyst, Irene Haas, lowered the price target on Alta Mesa Resources (NASDAQ: AMR) to $6.00 (from $8.00) while maintaining a In-Line rating following the company's 3Q. Revenues were reported at $340mn and adjusted EBITDA was$181mn for the last 9 month period.

While AMR's Chairman, Jim Hackett believes that the economics of the basin remains intact, the delays and technical challenges encountered have negatively impacted the company's valuation.

You May Also Be Interested In

• Viking Holdings (VIK) PT Raised to $82 at Mizuho
• Advance Auto Parts (AAP) PT Lowered to $48 at DA Davidson Following 25% Selloff Post Q2 Results
• Rockwell Automation (ROK) PT Lowered to $490 at DA Davidson