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

Amplify Energy (NYSE:AMPY - Get Free Report) issued its quarterly earnings data on Thursday. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.47), Zacks reports. Amplify Energy had a return on equity of 8.29% and a net margin of 10.06%. The company had revenue of $76.30 million for the quarter, compared to analysts' expectations of $76.36 million. During the same period last year, the company posted ($0.06) EPS.

Amplify Energy Price Performance

Shares of NYSE:AMPY traded down $0.39 during trading on Friday, reaching $6.23. The company had a trading volume of 905,602 shares, compared to its average volume of 495,453. The company has a fifty day moving average of $6.68 and a two-hundred day moving average of $6.32. The company has a current ratio of 0.79, a quick ratio of 1.02 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $246.77 million, a P/E ratio of 8.53 and a beta of 2.03. Amplify Energy has a 12 month low of $3.56 and a 12 month high of $8.21.

Analyst Ratings Changes

AMPY has been the topic of several recent analyst reports. Alliance Global Partners began coverage on shares of Amplify Energy in a research note on Monday, January 22nd. They issued a "buy" rating and a $9.00 target price on the stock. Benchmark assumed coverage on Amplify Energy in a research note on Thursday, May 2nd. They set a "buy" rating and a $11.00 price objective for the company. Finally, Roth Mkm restated a "buy" rating and issued a $9.50 target price on shares of Amplify Energy in a research note on Friday, April 12th.

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.