Amplify Energy (AMPY) Set to Announce Quarterly Earnings on Wednesday

Amplify Energy (NYSE:AMPY) will issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.32 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Amplify Energy (NYSE:AMPY) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.14). Amplify Energy had a return on equity of 7.40% and a net margin of 8.95%. The firm had revenue of $79.50 million during the quarter, compared to analyst estimates of $79.62 million. During the same quarter last year, the firm posted $0.24 EPS. On average, analysts expect Amplify Energy to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Amplify Energy Price Performance

Shares of NYSE AMPY opened at $6.54 on Monday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $259.90 million, a PE ratio of 9.91 and a beta of 1.93. The firm has a fifty day simple moving average of $6.69 and a 200 day simple moving average of $6.73. Amplify Energy has a twelve month low of $3.56 and a twelve month high of $8.15.

Wall Street Analyst Weigh In

AMPY has been the topic of several research analyst reports. Benchmark restated a “buy” rating and set a $11.00 target price on shares of Amplify Energy in a research report on Wednesday, October 16th. Alliance Global Partners increased their price target on Amplify Energy from $9.00 to $9.50 and gave the stock a “buy” rating in a report on Friday, August 9th.

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.