Amplify Energy (NYSE:AMPY) Issues Quarterly Earnings Results, Misses Estimates By $0.45 EPS

Amplify Energy (NYSE:AMPY) posted its quarterly earnings data on Monday. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.45), Zacks reports. Amplify Energy had a net margin of 16.69% and a negative return on equity of 4.25%. The company had revenue of $56.55 million for the quarter, compared to analysts’ expectations of $71.07 million.

Amplify Energy Stock Performance

NYSE:AMPY opened at $5.12 on Wednesday. The firm’s fifty day simple moving average is $5.12 and its 200-day simple moving average is $4.92. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.31. The stock has a market cap of $207.06 million, a PE ratio of 5.22 and a beta of -0.15. Amplify Energy has a fifty-two week low of $2.27 and a fifty-two week high of $6.55.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Amplify Energy in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Amplify Energy has an average rating of “Hold” and an average target price of $6.00.

Institutional Trading of Amplify Energy

Institutional investors have recently added to or reduced their stakes in the stock. Strs Ohio acquired a new position in Amplify Energy during the first quarter worth about $36,000. Hudson Bay Capital Management LP acquired a new stake in shares of Amplify Energy during the 2nd quarter valued at approximately $38,000. Banque Cantonale Vaudoise purchased a new stake in shares of Amplify Energy during the 3rd quarter worth approximately $53,000. Focus Partners Wealth purchased a new stake in shares of Amplify Energy during the 1st quarter worth approximately $54,000. Finally, Militia Capital Partners LP acquired a new stake in shares of Amplify Energy in the 2nd quarter worth approximately $57,000. Hedge funds and other institutional investors own 42.84% of the company’s stock.

Amplify Energy Company Profile

Amplify Energy Corp (NYSE: AMPY) is an independent upstream energy company focused on the exploration, development and production of crude oil and natural gas resources in the United States. The company’s operations emphasize both conventional and unconventional plays, combining onshore and offshore activities. Amplify Energy applies advanced reservoir management techniques and disciplined capital allocation to identify and develop reserves with attractive economics while managing commodity price exposure through targeted risk strategies.

The company’s asset portfolio is concentrated along the U.S.