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

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

Amplify Energy Stock Performance

AMPY stock traded down $0.39 during mid-day trading on Friday, hitting $6.23. The company had a trading volume of 905,602 shares, compared to its average volume of 495,453. Amplify Energy has a 12 month low of $3.56 and a 12 month high of $8.21. The stock’s fifty day moving average price is $6.68 and its two-hundred day moving average price is $6.33. The firm has a market cap of $246.77 million, a PE ratio of 8.53 and a beta of 2.03. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.02 and a current ratio of 0.79.

Analyst Upgrades and Downgrades

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

Read Our Latest Analysis on Amplify Energy

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.

Featured Articles

Earnings History for Amplify Energy (NYSE:AMPY)

Receive News & Ratings for Amplify Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amplify Energy and related companies with MarketBeat.com's FREE daily email newsletter.