Amplify Energy (NYSE:AMPY) Releases Quarterly Earnings Results, Misses Expectations By $0.17 EPS

Amplify Energy (NYSE:AMPY) released its earnings results on Wednesday. The company reported $0.13 EPS for the quarter, missing the consensus estimate 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 Price Performance

Shares of NYSE AMPY traded down $0.12 during midday trading on Wednesday, reaching $4.44. 653,476 shares of the stock traded hands, compared to its average volume of 366,047. The company’s 50 day moving average is $5.55 and its 200 day moving average is $6.25. Amplify Energy has a one year low of $3.56 and a one year high of $8.15. The stock has a market capitalization of $176.38 million, a PE ratio of 2.88 and a beta of 1.88. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.06 and a quick ratio of 1.06.

Analyst Ratings Changes

Separately, Benchmark reiterated a “buy” rating and issued a $11.00 price target 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.