Amplify Energy (NYSE:AMPY) Announces Earnings Results

Amplify Energy (NYSE:AMPY) announced its quarterly earnings results on Monday. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.45), Zacks reports. The firm had revenue of $56.55 million during the quarter, compared to the consensus estimate of $71.07 million. Amplify Energy had a negative return on equity of 0.40% and a negative net margin of 10.10%.

Amplify Energy Price Performance

Shares of AMPY stock traded down $0.79 during trading on Tuesday, hitting $5.12. The company had a trading volume of 1,706,775 shares, compared to its average volume of 694,077. The stock’s 50-day moving average is $5.11 and its two-hundred day moving average is $4.91. The stock has a market capitalization of $207.06 million, a price-to-earnings ratio of -7.20 and a beta of -0.15. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.31. Amplify Energy has a 52 week low of $2.27 and a 52 week high of $6.55.

Institutional Investors Weigh In On Amplify Energy

Several institutional investors have recently bought and sold shares of AMPY. Strs Ohio purchased a new stake in shares of Amplify Energy during the 1st quarter valued at about $36,000. Hudson Bay Capital Management LP bought a new position in Amplify Energy during the second quarter valued at approximately $38,000. Banque Cantonale Vaudoise purchased a new stake in Amplify Energy in the third quarter worth approximately $53,000. Focus Partners Wealth bought a new stake in Amplify Energy in the 1st quarter worth approximately $54,000. Finally, Militia Capital Partners LP bought a new stake in Amplify Energy in the 2nd quarter worth approximately $57,000. 42.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Amplify Energy in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $6.00.

Amplify Energy Company Profile

Amplify Energy Corp (NYSE: AMPY) is an independent upstream energy company focused on the exploration, development and production of crude oil and natural gas resources in the United States. The company’s operations emphasize both conventional and unconventional plays, combining onshore and offshore activities. Amplify Energy applies advanced reservoir management techniques and disciplined capital allocation to identify and develop reserves with attractive economics while managing commodity price exposure through targeted risk strategies.

The company’s asset portfolio is concentrated along the U.S.