Amplify Energy Corp. Forecasted to Earn FY2024 Earnings of $1.16 Per Share (NYSE:AMPY)

Amplify Energy Corp. (NYSE:AMPY) – Stock analysts at Roth Capital dropped their FY2024 earnings per share (EPS) estimates for shares of Amplify Energy in a research note issued on Sunday, August 18th. Roth Capital analyst J. White now expects that the company will post earnings per share of $1.16 for the year, down from their previous forecast of $1.28. The consensus estimate for Amplify Energy’s current full-year earnings is $1.28 per share. Roth Capital also issued estimates for Amplify Energy’s Q2 2025 earnings at $0.30 EPS.

A number of other research firms have also recently commented on AMPY. Alliance Global Partners lifted their price objective on shares of Amplify Energy from $9.00 to $9.50 and gave the stock a “buy” rating in a research report on Friday, August 9th. Benchmark started coverage on shares of Amplify Energy in a research report on Thursday, May 2nd. They set a “buy” rating and a $11.00 price objective for the company.

Amplify Energy Stock Performance

NYSE AMPY opened at $7.00 on Tuesday. The firm’s fifty day moving average price is $6.92 and its two-hundred day moving average price is $6.59. Amplify Energy has a 1 year low of $3.56 and a 1 year high of $8.15. The firm has a market capitalization of $277.28 million, a P/E ratio of 9.59 and a beta of 1.90. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.30.

Amplify Energy (NYSE:AMPY) last released its 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 net margin of 10.06% and a return on equity of 8.29%. The company had revenue of $79.50 million during the quarter, compared to analyst estimates of $79.62 million. During the same period in the prior year, the firm posted $0.24 EPS.

Hedge Funds Weigh In On Amplify Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMPY. Federated Hermes Inc. lifted its position in shares of Amplify Energy by 3.1% in the 4th quarter. Federated Hermes Inc. now owns 117,853 shares of the company’s stock worth $699,000 after purchasing an additional 3,599 shares during the period. Foundry Partners LLC lifted its holdings in Amplify Energy by 5.1% in the fourth quarter. Foundry Partners LLC now owns 575,055 shares of the company’s stock valued at $3,410,000 after buying an additional 27,765 shares during the period. New York State Common Retirement Fund boosted its position in Amplify Energy by 11.1% during the fourth quarter. New York State Common Retirement Fund now owns 72,128 shares of the company’s stock valued at $428,000 after acquiring an additional 7,220 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Amplify Energy by 73.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 77,368 shares of the company’s stock worth $459,000 after acquiring an additional 32,645 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in shares of Amplify Energy by 154.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,481 shares of the company’s stock worth $50,000 after acquiring an additional 5,145 shares in the last quarter. 42.84% of the stock is currently owned by institutional investors and hedge funds.

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.