Amplify Energy (NYSE:AMPY) Issues Earnings Results

Amplify Energy (NYSE:AMPY - Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.13 earnings per share (EPS) 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%. The firm had revenue of $69.02 million for the quarter, compared to analysts' expectations of $76.04 million.

Amplify Energy Stock Performance

Shares of NYSE AMPY traded down $0.03 during midday trading on Friday, reaching $3.78. 653,324 shares of the company were exchanged, compared to its average volume of 386,207. The stock has a market cap of $150.41 million, a P/E ratio of 2.46 and a beta of 1.88. Amplify Energy has a 1 year low of $3.54 and a 1 year high of $8.15. The stock has a fifty day simple moving average of $5.45 and a 200 day simple moving average of $6.18. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.29.

Analyst Ratings Changes

Separately, Benchmark reissued a "buy" rating and issued a $11.00 price objective on shares of Amplify Energy in a report 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.