Analysts Anticipate Amplify Energy Corp (NASDAQ:AMPY) Will Announce Earnings of $0.01 Per Share

Wall Street analysts expect that Amplify Energy Corp (NASDAQ:AMPY) will announce earnings per share (EPS) of $0.01 for the current quarter, according to Zacks. Two analysts have issued estimates for Amplify Energy’s earnings. The highest EPS estimate is $0.20 and the lowest is ($0.19). The company is expected to announce its next quarterly earnings results on Wednesday, August 5th.

On average, analysts expect that Amplify Energy will report full-year earnings of ($0.33) per share for the current year, with EPS estimates ranging from ($0.35) to ($0.30). For the next financial year, analysts expect that the company will post earnings of ($1.03) per share, with EPS estimates ranging from ($1.09) to ($0.96). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Amplify Energy.

Amplify Energy (NASDAQ:AMPY) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.53) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.49). The company had revenue of $58.14 million for the quarter, compared to the consensus estimate of $63.30 million. Amplify Energy had a return on equity of 5.15% and a net margin of 6.27%.

A number of research analysts have issued reports on the company. Roth Capital lowered Amplify Energy from a “buy” rating to a “neutral” rating in a research report on Friday, March 13th. Zacks Investment Research lowered Amplify Energy from a “buy” rating to a “hold” rating in a research report on Thursday, May 14th. Finally, Northland Securities lowered Amplify Energy from an “outperform” rating to a “hold” rating in a research report on Friday, March 13th.

In other news, major shareholder Brigade Capital Management, Lp sold 43,112 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $1.08, for a total value of $46,560.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.84% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. UBS Group AG lifted its holdings in shares of Amplify Energy by 63.2% in the fourth quarter. UBS Group AG now owns 16,110 shares of the company’s stock valued at $106,000 after buying an additional 6,238 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Amplify Energy by 14.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 71,788 shares of the company’s stock valued at $475,000 after purchasing an additional 8,882 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Amplify Energy by 20.7% during the first quarter. Wells Fargo & Company MN now owns 59,511 shares of the company’s stock valued at $33,000 after purchasing an additional 10,202 shares during the last quarter. Prudential Financial Inc. lifted its holdings in shares of Amplify Energy by 5.9% during the fourth quarter. Prudential Financial Inc. now owns 190,480 shares of the company’s stock valued at $1,259,000 after purchasing an additional 10,567 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Amplify Energy by 44.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 39,231 shares of the company’s stock valued at $260,000 after purchasing an additional 11,998 shares during the last quarter. Institutional investors and hedge funds own 0.27% of the company’s stock.

AMPY traded down $0.01 during trading on Monday, reaching $1.12. 435,776 shares of the company were exchanged, compared to its average volume of 542,448. The stock has a market cap of $48.37 million, a P/E ratio of 7.91 and a beta of 0.64. The firm has a 50 day moving average of $1.14 and a 200 day moving average of $1.92. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.71. Amplify Energy has a 52 week low of $0.49 and a 52 week high of $8.01.

Amplify Energy Company Profile

Amplify Energy Corp. 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 the Rockies, federal waters offshore Southern California, East Texas/North Louisiana, and South Texas.

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