Amplify Energy (NYSE:AMPY) Posts Quarterly Earnings Results, Misses Expectations By $0.47 EPS

Amplify Energy (NYSE:AMPYGet Free Report) posted its earnings results on Thursday. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.47), Zacks reports. The business had revenue of $76.30 million for the quarter, compared to analysts’ expectations of $76.36 million. Amplify Energy had a return on equity of 8.29% and a net margin of 10.06%. During the same quarter in the previous year, the firm earned ($0.06) EPS.

Amplify Energy Stock Performance

NYSE AMPY traded down $0.39 during trading on Friday, reaching $6.23. The company’s stock had a trading volume of 905,602 shares, compared to its average volume of 495,453. Amplify Energy has a twelve month low of $3.56 and a twelve month high of $8.21. The firm has a market cap of $246.77 million, a price-to-earnings ratio of 8.53 and a beta of 2.03. The business’s fifty day moving average price is $6.68 and its 200-day moving average price is $6.33. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.02 and a current ratio of 0.79.

Analysts Set New Price Targets

A number of research analysts recently commented on AMPY shares. Roth Mkm reaffirmed a “buy” rating and issued a $9.50 target price on shares of Amplify Energy in a research report on Friday, April 12th. Alliance Global Partners initiated coverage on Amplify Energy in a research report on Monday, January 22nd. They set a “buy” rating and a $9.00 target price on the stock. Finally, Benchmark began coverage on Amplify Energy in a research report on Thursday, May 2nd. They issued a “buy” rating and a $11.00 target price for the company.

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About Amplify Energy

(Get Free Report)

Amplify Energy Corp., together with its subsidiaries, engages in the acquisition, development, exploitation, and production of oil and natural gas properties in the United States. The company's properties consist of operated and non-operated working interests in producing and undeveloped leasehold acreage, as well as working interests in identified producing wells located in Oklahoma, the Rockies, federal waters offshore Southern California, East Texas/North Louisiana, and Eagle Ford.

See Also

Earnings History for Amplify Energy (NYSE:AMPY)

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