Amplify Energy (AMPY) Scheduled to Post Quarterly Earnings on Wednesday

Amplify Energy (NYSE:AMPY - Get Free Report) is set to 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. Individual that wish to listen to the company's earnings conference call can do so using this link.

Amplify Energy (NYSE:AMPY - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.14). The company had revenue of $79.50 million for the quarter, compared to the consensus estimate of $79.62 million. Amplify Energy had a return on equity of 7.40% and a net margin of 8.95%. During the same period in the prior year, the company earned $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 Stock Up 1.7 %

AMPY traded up $0.11 during trading on Wednesday, hitting $6.71. The company had a trading volume of 179,252 shares, compared to its average volume of 479,757. The company has a market capitalization of $266.68 million, a PE ratio of 9.04 and a beta of 1.94. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.30. Amplify Energy has a one year low of $3.56 and a one year high of $8.15. The firm's 50-day moving average price is $6.72 and its 200 day moving average price is $6.74.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AMPY. Benchmark restated a "buy" rating and issued a $11.00 price target on shares of Amplify Energy in a report on Wednesday, October 16th. Alliance Global Partners boosted their target price on Amplify Energy from $9.00 to $9.50 and gave the company a "buy" rating in a research note on Friday, August 9th.

Amplify Energy Company Profile

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.