FY2024 EPS Estimates for Amplify Energy Corp. Reduced by Roth Capital (NYSE:AMPY)

Amplify Energy Corp. (NYSE:AMPY - Free Report) - Stock analysts at Roth Capital reduced their FY2024 EPS estimates for Amplify Energy in a research note issued on Friday, April 12th. Roth Capital analyst J. White now anticipates that the company will post earnings per share of $1.15 for the year, down from their previous forecast of $1.30. The consensus estimate for Amplify Energy's current full-year earnings is $1.15 per share.

Other research analysts have also issued reports about the stock. Alliance Global Partners began coverage on shares of Amplify Energy in a research note on Monday, January 22nd. They set a "buy" rating and a $9.00 price objective for the company. Roth Mkm reaffirmed a "buy" rating and set a $9.50 price objective on shares of Amplify Energy in a research note on Friday.

Amplify Energy Price Performance

Shares of AMPY stock traded down $0.05 on Monday, reaching $7.04. The company's stock had a trading volume of 526,188 shares, compared to its average volume of 602,066. The stock's fifty day simple moving average is $6.31 and its 200-day simple moving average is $6.32. Amplify Energy has a 1 year low of $3.56 and a 1 year high of $8.21. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $278.85 million, a price-to-earnings ratio of 0.73 and a beta of 2.10.

Amplify Energy (NYSE:AMPY - Get Free Report) last posted its earnings results on Wednesday, March 6th. The company reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.86. Amplify Energy had a net margin of 122.36% and a return on equity of 10.50%. The firm had revenue of $78.99 million during the quarter, compared to analyst estimates of $73.33 million.

Institutional Trading of Amplify Energy

A number of large investors have recently made changes to their positions in AMPY. AQR Capital Management LLC raised its holdings in shares of Amplify Energy by 332.4% in the third quarter. AQR Capital Management LLC now owns 710,508 shares of the company's stock valued at $5,222,000 after acquiring an additional 546,209 shares in the last quarter. Graham Capital Management L.P. raised its holdings in shares of Amplify Energy by 29.4% in the third quarter. Graham Capital Management L.P. now owns 34,998 shares of the company's stock valued at $257,000 after acquiring an additional 7,962 shares in the last quarter. Sherbrooke Park Advisers LLC bought a new stake in shares of Amplify Energy in the third quarter valued at about $129,000. Foundry Partners LLC bought a new stake in shares of Amplify Energy in the third quarter valued at about $4,023,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Amplify Energy by 14.7% in the third quarter. Bank of New York Mellon Corp now owns 380,489 shares of the company's stock valued at $2,797,000 after acquiring an additional 48,729 shares in the last quarter. 42.84% of the stock is owned by hedge funds and other institutional investors.

Amplify Energy Company Profile

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.