Amplify Energy (NYSE:AMPY) Issues Quarterly Earnings Results

Amplify Energy (NYSE:AMPY) posted its quarterly earnings results on Monday. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02, FiscalAI reports. Amplify Energy had a net margin of 12.48% and a negative return on equity of 1.40%. The company had revenue of $51.44 million during the quarter, compared to the consensus estimate of $43.73 million.

Amplify Energy Trading Up 10.2%

Shares of NYSE AMPY opened at $3.52 on Wednesday. Amplify Energy has a 12-month low of $3.14 and a 12-month high of $6.79. The company has a market cap of $146.15 million, a P/E ratio of 6.91 and a beta of 0.26. The stock has a fifty day moving average price of $4.38 and a 200 day moving average price of $4.87.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AMPY shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Amplify Energy in a research note on Wednesday, November 4th. Benchmark lowered their target price on shares of Amplify Energy from $11.00 to $9.00 and set a “buy” rating for the company in a research note on Tuesday, August 11th. Finally, Wall Street Zen upgraded Amplify Energy from a “strong sell” rating to a “hold” rating in a report on Sunday, August 16th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $9.00.

Amplify Energy Company Profile

Amplify Energy Corp. is an independent oil and natural gas exploration and production company headquartered in Houston, Texas. The company focuses on acquiring, developing, exploiting and producing crude oil and natural gas properties in the United States. Amplify Energy’s operations have included three core areas: the Beta field and other offshore properties in Southern California, oil and gas assets in the Rockies, and producing properties in East Texas. Its activities include drilling and developing wells, operating production facilities and managing related infrastructure used to bring hydrocarbons to market.