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

Amplify Energy (NYSE:AMPY) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Amplify Energy to post earnings of $0.23 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Amplify Energy (NYSE:AMPY) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.86. The firm had revenue of $78.99 million for the quarter, compared to analysts’ expectations of $73.33 million. Amplify Energy had a return on equity of 10.50% and a net margin of 122.36%.

Amplify Energy Stock Performance

Shares of AMPY stock opened at $7.06 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.29. Amplify Energy has a 52 week low of $3.56 and a 52 week high of $8.21. The firm has a 50 day moving average of $6.61 and a 200-day moving average of $6.34. The company has a market cap of $279.65 million, a price-to-earnings ratio of 0.73 and a beta of 2.03.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AMPY shares. Roth Mkm reiterated a “buy” rating and set a $9.50 price objective on shares of Amplify Energy in a report on Friday, April 12th. Alliance Global Partners initiated coverage on Amplify Energy in a report on Monday, January 22nd. They issued a “buy” rating and a $9.00 price target on the stock. Finally, Benchmark assumed coverage on Amplify Energy in a report on Thursday. They set a “buy” rating and a $11.00 price objective for the company.

About Amplify Energy

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.