Equities Analysts Set Expectations for Amplify Energy Corp.’s Q2 2024 Earnings (NYSE:AMPY)

Amplify Energy Corp. (NYSE:AMPY) – Roth Capital upped their Q2 2024 EPS estimates for shares of Amplify Energy in a research note issued to investors on Tuesday, June 18th. Roth Capital analyst J. White now expects that the company will post earnings per share of $0.34 for the quarter, up from their previous estimate of $0.25. The consensus estimate for Amplify Energy’s current full-year earnings is $1.15 per share. Roth Capital also issued estimates for Amplify Energy’s Q1 2025 earnings at $0.39 EPS, Q2 2025 earnings at $0.29 EPS, Q3 2025 earnings at $0.38 EPS, Q4 2025 earnings at $0.54 EPS and FY2025 earnings at $1.60 EPS.

Amplify Energy (NYSE:AMPY) last issued its earnings results on Wednesday, May 15th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.47). Amplify Energy had a net margin of 10.06% and a return on equity of 8.29%. The business had revenue of $76.30 million during the quarter, compared to analyst estimates of $76.36 million. During the same period in the prior year, the business posted ($0.06) EPS.

Other equities research analysts have also issued reports about the stock. Benchmark assumed coverage on shares of Amplify Energy in a report on Thursday, May 2nd. They set a “buy” rating and a $11.00 price target on the stock. Roth Mkm reaffirmed a “buy” rating and set a $9.50 target price on shares of Amplify Energy in a research note on Friday, April 12th.

Amplify Energy Stock Performance

Amplify Energy stock opened at $6.14 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.30. The stock has a market cap of $243.01 million, a PE ratio of 8.40 and a beta of 1.80. Amplify Energy has a 12-month low of $3.56 and a 12-month high of $8.21. The business’s 50-day moving average price is $6.51 and its two-hundred day moving average price is $6.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AMPY. Tower Research Capital LLC TRC grew its holdings in Amplify Energy by 154.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,481 shares of the company’s stock worth $50,000 after acquiring an additional 5,145 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in Amplify Energy in the first quarter valued at $67,000. Diversified Trust Co acquired a new stake in Amplify Energy in the first quarter valued at $73,000. Quadrature Capital Ltd bought a new position in Amplify Energy during the 3rd quarter worth $111,000. Finally, Paloma Partners Management Co acquired a new position in Amplify Energy during the 1st quarter worth about $115,000. Institutional investors and hedge funds own 42.84% of the company’s stock.

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.