Amplify Energy (NYSE:AMPY) Posts 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.17), Zacks reports. Amplify Energy had a return on equity of 16.22% and a net margin of 20.99%.

Amplify Energy Trading Down 2.5 %

Shares of Amplify Energy stock traded down $0.12 on Wednesday, hitting $4.44. The stock had a trading volume of 654,041 shares, compared to its average volume of 366,047. The stock has a 50 day moving average of $5.55 and a 200 day moving average of $6.25. The firm has a market capitalization of $176.38 million, a P/E ratio of 2.88 and a beta of 1.88. Amplify Energy has a twelve month low of $3.56 and a twelve month high of $8.15. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.06 and a current ratio of 1.06.

Wall Street Analyst Weigh In

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

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.