Amplify Energy (NYSE:AMPY) Announces Earnings Results

Amplify Energy (NYSE:AMPY) issued its quarterly earnings results on Wednesday. The company reported $0.13 earnings per share 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 Stock Down 2.5 %

AMPY traded down $0.12 during midday trading on Wednesday, hitting $4.44. The company had a trading volume of 654,041 shares, compared to its average volume of 366,047. The stock’s 50 day moving average price is $5.55 and its 200 day moving average price is $6.25. Amplify Energy has a 52 week low of $3.56 and a 52 week high of $8.15. The company has a market capitalization of $176.38 million, a price-to-earnings ratio of 2.88 and a beta of 1.88. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.29.

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.

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.