Roth Capital Lowers Earnings Estimates for Amplify Energy

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

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

Amplify Energy Trading Down 0.3 %

Shares of AMPY stock opened at $5.04 on Tuesday. Amplify Energy has a 12 month low of $3.56 and a 12 month high of $8.15. The company has a market cap of $200.24 million, a PE ratio of 3.27 and a beta of 1.92. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average is $5.68 and its two-hundred day moving average is $6.35.

Institutional Trading of Amplify Energy

Hedge funds have recently added to or reduced their stakes in the business. Mackenzie Financial Corp increased its position in Amplify Energy by 508.7% in the 4th quarter. Mackenzie Financial Corp now owns 64,401 shares of the company’s stock worth $386,000 after buying an additional 53,821 shares during the period. ProShare Advisors LLC bought a new position in Amplify Energy during the fourth quarter worth $66,000. Deutsche Bank AG raised its stake in Amplify Energy by 53.2% during the 4th quarter. Deutsche Bank AG now owns 56,291 shares of the company’s stock valued at $338,000 after purchasing an additional 19,553 shares during the last quarter. Caption Management LLC bought a new stake in Amplify Energy in the 4th quarter valued at $44,000. Finally, Bridgeway Capital Management LLC boosted its holdings in Amplify Energy by 0.4% in the 4th quarter. Bridgeway Capital Management LLC now owns 1,345,622 shares of the company’s stock valued at $8,074,000 after purchasing an additional 5,916 shares during the period. Institutional investors own 42.84% of the company’s stock.

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.