Roth Capital Reduces Earnings Estimates for Amplify Energy

Amplify Energy Corp. (NYSE:AMPY) – Analysts at Roth Capital cut their Q4 2024 EPS estimates for Amplify Energy in a note issued to investors on Sunday, February 23rd. Roth Capital analyst J. White now anticipates that the company will post earnings per share of $0.25 for the quarter, down from their previous forecast of $0.30. The consensus estimate for Amplify Energy’s current full-year earnings is $1.25 per share.

Separately, Benchmark reiterated a “buy” rating and issued a $11.00 target price on shares of Amplify Energy in a report on Thursday, January 16th.

Amplify Energy Stock Down 0.3 %

Shares of Amplify Energy stock opened at $5.04 on Tuesday. Amplify Energy has a 1 year low of $3.56 and a 1 year high of $8.15. The company has a market cap of $200.24 million, a P/E ratio of 3.27 and a beta of 1.92. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.29. The stock has a 50-day moving average price of $5.68 and a 200 day moving average price of $6.35.

Hedge Funds Weigh In On Amplify Energy

A number of hedge funds have recently modified their holdings of AMPY. Price T Rowe Associates Inc. MD grew its stake in Amplify Energy by 18.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,929 shares of the company’s stock valued at $90,000 after purchasing an additional 2,367 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Amplify Energy by 4.2% during the 4th quarter. Sanctuary Advisors LLC now owns 69,225 shares of the company’s stock valued at $415,000 after buying an additional 2,765 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Amplify Energy by 3.6% in the 4th quarter. Rhumbline Advisers now owns 102,030 shares of the company’s stock valued at $612,000 after buying an additional 3,580 shares in the last quarter. Brandywine Global Investment Management LLC increased its holdings in Amplify Energy by 17.0% in the fourth quarter. Brandywine Global Investment Management LLC now owns 26,870 shares of the company’s stock worth $161,000 after buying an additional 3,900 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its position in Amplify Energy by 9.1% during the fourth quarter. Exchange Traded Concepts LLC now owns 50,414 shares of the company’s stock valued at $302,000 after acquiring an additional 4,196 shares in the last quarter. 42.84% of the stock is 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.