Amplify Energy (NYSE:AMPY – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.13 EPS for the quarter, missing the consensus estimate 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 company had revenue of $69.02 million for the quarter, compared to analysts’ expectations of $76.04 million.
Amplify Energy Stock Down 2.5 %
AMPY opened at $4.44 on Thursday. The business has a 50 day simple moving average of $5.52 and a 200-day simple moving average of $6.23. Amplify Energy has a 12 month low of $3.56 and a 12 month high of $8.15. The stock has a market capitalization of $176.38 million, a P/E ratio of 2.88 and a beta of 1.88. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.06 and a quick ratio of 1.06.
Wall Street Analysts Forecast Growth
Separately, Benchmark restated a “buy” rating and set a $11.00 price objective on shares of Amplify Energy in a research report on Thursday, January 16th.
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.
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