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Alta Mesa Resources

Nasdaq:AMR
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AMR
Nasdaq
$33M
Market Cap
  1. Home
  2. US
  3. Energy
Company description

Alta Mesa Resources, Inc. focuses on the acquisition and development of unconventional oil and natural gas reserves in the Anadarko Basin. The last earnings update was 183 days ago. More info.


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  • Alta Mesa Resources has significant price volatility in the past 3 months.
AMR Share Price and Events
7 Day Returns
-13.5%
NasdaqCM:AMR
-1.6%
US Oil and Gas
-3.9%
US Market
1 Year Returns
-97.5%
NasdaqCM:AMR
-16.8%
US Oil and Gas
1.4%
US Market
AMR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Alta Mesa Resources (AMR) -13.5% -7.3% -81.6% -97.5% - -
US Oil and Gas -1.6% -6.5% -1.2% -16.8% -2.4% -33.6%
US Market -3.9% -3.6% 1.8% 1.4% 35.8% 40.8%
1 Year Return vs Industry and Market
  • AMR underperformed the Oil and Gas industry which returned -16.8% over the past year.
  • AMR underperformed the Market in United States of America which returned 1.4% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

AMR Value

 Is Alta Mesa Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Alta Mesa Resources to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Alta Mesa Resources.

NasdaqCM:AMR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:AMR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.902 (1 + (1- 21%) (2051.15%))
10.723
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 5.96%)
14.65%

Discounted Cash Flow Calculation for NasdaqCM:AMR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Alta Mesa Resources is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqCM:AMR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 14.65%)
2019 -85.75 Analyst x2 -74.79
2020 -26.00 Analyst x1 -19.78
2021 19.00 Analyst x1 12.61
2022 33.22 Est @ 74.84% 19.23
2023 50.90 Est @ 53.21% 25.69
2024 70.27 Est @ 38.07% 30.94
2025 89.57 Est @ 27.46% 34.40
2026 107.52 Est @ 20.04% 36.02
2027 123.49 Est @ 14.85% 36.08
2028 137.34 Est @ 11.21% 35.00
Present value of next 10 years cash flows $135.39
NasdaqCM:AMR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $137.34 × (1 + 2.73%) ÷ (14.65% – 2.73%)
$1,183.64
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,183.64 ÷ (1 + 14.65%)10
$301.63
NasdaqCM:AMR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $135.39 + $301.63
$437.03
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $437.03 / 175.96
$2.48
NasdaqCM:AMR Discount to Share Price
Calculation Result
Value per share (USD) From above. $2.48
Current discount Discount to share price of $0.19
= -1 x ($0.19 - $2.48) / $2.48
92.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Alta Mesa Resources is available for.
Intrinsic value
>50%
Share price is $0.19 vs Future cash flow value of $2.48
Current Discount Checks
For Alta Mesa Resources to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Alta Mesa Resources's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Alta Mesa Resources's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Alta Mesa Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Alta Mesa Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:AMR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $-0.19
NasdaqCM:AMR Share Price ** NasdaqCM (2019-05-15) in USD $0.19
United States of America Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 12.46x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.79x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Alta Mesa Resources.

NasdaqCM:AMR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:AMR Share Price ÷ EPS (both in USD)

= 0.19 ÷ -0.19

-1x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Alta Mesa Resources is loss making, we can't compare its value to the US Oil and Gas industry average.
  • Alta Mesa Resources is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Alta Mesa Resources's expected growth come at a high price?
Raw Data
NasdaqCM:AMR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
88.7%per year
United States of America Oil and Gas Industry PEG Ratio Median Figure of 76 Publicly-Listed Oil and Gas Companies 0.52x
United States of America Market PEG Ratio Median Figure of 2,113 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Alta Mesa Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Alta Mesa Resources's assets?
Raw Data
NasdaqCM:AMR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $8.25
NasdaqCM:AMR Share Price * NasdaqCM (2019-05-15) in USD $0.19
United States of America Oil and Gas Industry PB Ratio Median Figure of 194 Publicly-Listed Oil and Gas Companies 1.01x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
NasdaqCM:AMR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:AMR Share Price ÷ Book Value per Share (both in USD)

= 0.19 ÷ 8.25

0.02x

* Primary Listing of Alta Mesa Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Alta Mesa Resources is good value based on assets compared to the US Oil and Gas industry average.
X
Value checks
We assess Alta Mesa Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Alta Mesa Resources has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

AMR Future Performance

 How is Alta Mesa Resources expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
88.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Alta Mesa Resources expected to grow at an attractive rate?
  • Alta Mesa Resources's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Alta Mesa Resources's earnings growth is expected to exceed the United States of America market average.
  • Alta Mesa Resources's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:AMR Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:AMR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 88.7%
NasdaqCM:AMR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 2.4%
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 12.4%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:AMR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:AMR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 437 262 19 1
2020-12-31 437 173 3 2
2019-12-31 466 180 -7 2
2018-12-31 542 179 -14 2
NasdaqCM:AMR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 193 -30 -26
2018-06-30 96 -46 -55
2018-03-31 61 -89 -11
2017-12-31 -2 2
2016-12-31 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Alta Mesa Resources's earnings are expected to grow significantly at over 20% yearly.
  • Alta Mesa Resources's revenue is expected to grow by 2.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:AMR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Alta Mesa Resources Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:AMR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.06 0.06 0.06 1.00
2020-12-31 0.01 0.01 0.01 1.00
2019-12-31
2018-12-31
NasdaqCM:AMR Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 -0.19
2018-06-30 -0.55
2018-03-31 -0.18
2017-12-31 0.07
2016-12-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Alta Mesa Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Alta Mesa Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Alta Mesa Resources has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

AMR Past Performance

  How has Alta Mesa Resources performed over the past 5 years?

  • Alta Mesa Resources's last earnings update was 183 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Alta Mesa Resources's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Alta Mesa Resources does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Alta Mesa Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Alta Mesa Resources's 1-year growth to the US Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Alta Mesa Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Alta Mesa Resources Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:AMR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 192.89 -25.94 13.60
2018-06-30 96.18 -55.24 42.76
2018-03-31 61.12 -11.37 18.57
2017-12-31 1.89 2.23
2016-12-31 -0.02 0.02

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Alta Mesa Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Alta Mesa Resources has efficiently used its assets last year compared to the US Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Alta Mesa Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Alta Mesa Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Alta Mesa Resources has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

AMR Health

 How is Alta Mesa Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Alta Mesa Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Alta Mesa Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Alta Mesa Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Alta Mesa Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Alta Mesa Resources Company Filings, last reported 7 months ago.

NasdaqCM:AMR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 3,413.28 676.35 32.19
2018-06-30 3,410.14 595.08 82.40
2018-03-31 3,419.90 584.82 261.06
2017-12-31 5.00 2.00 0.39
2016-12-31 0.02 0.30 0.23
  • Alta Mesa Resources's level of debt (19.8%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Alta Mesa Resources's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Alta Mesa Resources has less than a year of cash runway based on current free cash flow.
  • Alta Mesa Resources has less than a year of cash runway if free cash flow continues to grow at historical rates of 119.6% each year.
X
Financial health checks
We assess Alta Mesa Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Alta Mesa Resources has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

AMR Dividends

 What is Alta Mesa Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Alta Mesa Resources dividends.
If you bought $2,000 of Alta Mesa Resources shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Alta Mesa Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Alta Mesa Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:AMR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 66 Stocks 3.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1997 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqCM:AMR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
2018-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Alta Mesa Resources has not reported any payouts.
  • Unable to verify if Alta Mesa Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Alta Mesa Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Alta Mesa Resources has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Alta Mesa Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Alta Mesa Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Alta Mesa Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

AMR Management

 What is the CEO of Alta Mesa Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jim Hackett
AGE 64
TENURE AS CEO 0.4 years
CEO Bio

Mr. James T. Hackett, also known as Jim, has been Partner, Managing Director and Co-Head of Houston Office at Riverstone Holdings LLC, since June 13, 2013. He has been an Executive Chairman of Alta Mesa Resources, Inc. since February 09, 2018 and has been its Chief Executive Officer since December 26, 2018. He served as Chief Operating Officer of Midstream at Alta Mesa Resources, Inc. since 2018 until June 2018. Mr. Hackett joined Riverstone Holdings LLC in 2013. He works closely with the Riverstone's existing investment team and portfolio companies. He served as the Chairman of the Board from 2006 to 2013 and the Chief Executive Officer from 2003 to 2012 of Anadarko Petroleum Corporation. He served as the President of Anadarko Petroleum Corporation, from December 3, 2003 to February 2010 and its Senior Vice President until June 2013. He joined Anadarko in 2003. He has engineering experience at Chevron USA, Amerada Hess Corp., Citation Oil and Gas Corp., and other companies. He served as the President and Chief Operating Officer at Devon Energy Corporation, from April 2003 to December 3, 2003, following its merger with Ocean Energy, where he had served as the Chairman, President and Chief Executive Officer. He also served as the President at Houston Grand Opera. He served at Seagull Energy Corporation as the Chief Executive Officer and President, from September 1998 to March 1999. He served as the Chief Executive Officer and President at Devon OEI Operating, Inc. From June 1997 to September 1998, he served as a Group President of Energy Services Group for Duke Energy Corporation at PanEnergy Corp. From January 1996 to June 1997, He served as an Executive Vice President at PanEnergy Corp. He served as a Senior Vice President and President at the Trident Division in 1995. He held positions in engineering, finance and marketing at NGC Corporation, Inc. from 1990 to 1995; Burlington Resources; and Amoco Oil Corp. He also held positions in engineering, finance and marketing in the midstream, oil field services, and power sectors of the energy industry. He serves as the Chairman of the National Petroleum Council, Domestic Petroleum Council of the American Petroleum Institute and the Society of Petroleum Engineers. He serves as the Chairman of Board of the Baylor College of Medicine. He serves as the Chair for the St. Luke's Episcopal Hospital capital campaign. He has been Director of Enterprise Products Holdings LLC, General Partner of Enterprise Products Partners L.P. since April 2014. He has been a Director of National Oilwell Varco, Inc. since April 5, 2016. He has been a Director of Talen Energy Corporation since December 6, 2016. He has been an Independent Director of Fluor Corporation since August 3, 2016. He serves as a Director of Sierra Oil and Gas, Crimson Resources, Welch Foundation for Chemistry. He serves on the Board of the Houston Grand Opera and U.S. Business Roundtable. He serves as a Board Member of Rice University. He serves as a Member of Advisory Board at L1 Energy. He served as an Advisory Director of Cameron International Corporation from May 8, 2015 to April 1, 2016. He served as the Chairman of Seagull Energy Corporation from January 1999 to March 1999. He also served as the Chairman of the Board at Devon OEI Operating, Inc. He served as the Chairman of Federal Reserve Bank of Dallas, Federal Reserve Bank of Atlanta and the American Natural Gas Alliance (ANGA). He served as an Independent Director of Bunge Limited from November 1, 2011 to May 23, 2014. He served as a Director of Kaiser Aluminum & Chemical Corporation since June 2000. He served as a Director of Kaiser Aluminum Corporation from May 2000 to February 2005. He served as an Independent Director of Fluor Corporation from 2001 to April 28, 2015. He served as an Independent Director of Cameron International Corporation, from August 2, 2012 to May 8, 2015 and also served as its Director until April 1, 2016. He served as an Executive Director of Anadarko Petroleum Corporation from December 2003 to June 2013. He served as a Director of Temple-Inland Inc., from 2000 to May 2, 2008 and also served as its Presiding Director until May 2, 2008. He served as a Director of Halliburton Company since May 2008 and New Jersey Resources Corporation since 1999. He served as a Director of The Woodlands, Texas and Federal Reserve Bank of Dallas. He served as Non-Executive Director of Riverstone Energy Limited since May 2013. He served at DCO Management, LLC since June 2000. He served as a Director of Devon OEI Operating, Inc. He has wide experience in the energy business. He has extensive expertise in building upstream companies both onshore and offshore as well as unique experience in global deepwater exploration. Mr. Hackett received a Bachelor of Science degree from the University of Illinois in 1975 and an MBA and MTS from Harvard Business School in 1979 and 2016, respectively. He serves as Chairman & Interim Chief Executive Officer of Alta Mesa Holdings GP, LLC the General Partner of Alta Mesa Holdings LP.

CEO Compensation
  • Insufficient data for Jim to compare compensation growth.
  • Insufficient data for Jim to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Alta Mesa Resources management team in years:

0.3
Average Tenure
59
Average Age
  • The average tenure for the Alta Mesa Resources management team is less than 2 years, this suggests a new team.
Management Team

Jim Hackett

TITLE
Executive Chairman of the Board & Interim CEO
AGE
64
TENURE
0.4 yrs

Randy Limbacher

TITLE
President
AGE
60
TENURE
0.3 yrs

John Regan

TITLE
VP & CFO
AGE
48
TENURE
0.3 yrs

John Campbell

TITLE
Chief Operating Officer
TENURE
0.3 yrs

Ron Smith

TITLE
VP & Chief Accounting Officer
AGE
59
TENURE
1.3 yrs

Kim Warnica

TITLE
VP, General Counsel
TENURE
1.1 yrs

Mark Castiglione

TITLE
Chief of Staff to the President
AGE
46
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Alta Mesa Resources board of directors in years:

1.3
Average Tenure
55
Average Age
  • The average tenure for the Alta Mesa Resources board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jim Hackett

TITLE
Executive Chairman of the Board & Interim CEO
AGE
64

Jeffrey Tepper

TITLE
Director
AGE
53
TENURE
2.2 yrs

Diana Walters

TITLE
Director
AGE
55
TENURE
2.2 yrs

Don Sinclair

TITLE
Director
AGE
61
TENURE
1.3 yrs

William Gutermuth

TITLE
Director
AGE
67
TENURE
2.2 yrs

David Leuschen

TITLE
Director
AGE
66
TENURE
1.3 yrs

Pierre Lapeyre

TITLE
Director
AGE
55
TENURE
1.3 yrs

William McMullen

TITLE
Director
AGE
32
TENURE
1.3 yrs

Don Dimitrievich

TITLE
Director
AGE
47
TENURE
1.3 yrs

Sylvia Kerrigan

TITLE
Director
AGE
53
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
07. Sep 18 Buy Bayou City Energy Management, LLC Company 05. Sep 18 07. Sep 18 311,111 $4.80 $1,472,536
31. Aug 18 Buy Bayou City Energy Management, LLC Company 29. Aug 18 30. Aug 18 422,000 $4.90 $2,065,360
22. Aug 18 Buy Bayou City Energy Management, LLC Company 17. Aug 18 21. Aug 18 3,400,800 $4.41 $14,748,802
X
Management checks
We assess Alta Mesa Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Alta Mesa Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

AMR News

Simply Wall St News

AMR Company Info

Description

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.

Details
Name: Alta Mesa Resources, Inc.
AMR
Exchange: NasdaqCM
Founded: 1987
$32,974,376
175,957,183
Website: http://www.altamesa.net
Address: Alta Mesa Resources, Inc.
15021 Katy Freeway,
Suite 400,
Houston,
Texas, 77094,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM AMR Class A Common Shares Nasdaq Capital Market US USD 12. Feb 2018
Number of employees
Current staff
Staff numbers
0
Alta Mesa Resources employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/16 02:58
End of day share price update: 2019/05/15 00:00
Last estimates confirmation: 2019/04/24
Last earnings filing: 2018/11/14
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.