Amplify Energy (NYSE:AMPY) Releases Earnings Results, Misses Expectations By $0.17 EPS

Amplify Energy (NYSE:AMPY) released its quarterly earnings data on Wednesday. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.17), Zacks reports. The firm had revenue of $69.02 million during the quarter, compared to analysts’ expectations of $76.04 million. Amplify Energy had a net margin of 20.99% and a return on equity of 16.22%.

Amplify Energy Trading Down 2.5 %

Shares of Amplify Energy stock opened at $4.44 on Thursday. The business has a 50 day moving average price of $5.52 and a 200 day moving average price of $6.23. The company has a market capitalization of $176.38 million, a P/E ratio of 2.88 and a beta of 1.88. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.06 and a quick ratio of 1.06. Amplify Energy has a 1 year low of $3.56 and a 1 year high of $8.15.

Analysts Set New Price Targets

Separately, Benchmark restated a “buy” rating and issued a $11.00 price target on shares of Amplify Energy in a research report on Thursday, January 16th.

About Amplify Energy

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.