Roth Capital Predicts Weaker Earnings for Amplify Energy

Amplify Energy Corp. (NYSE:AMPY) – Equities research analysts at Roth Capital reduced their Q4 2024 earnings estimates for shares of Amplify Energy in a report released on Sunday, February 23rd. Roth Capital analyst J. White now forecasts that the company will post earnings of $0.25 per share for the quarter, down from their previous forecast 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 issued a $11.00 target price on shares of Amplify Energy in a report on Thursday, January 16th.

Amplify Energy Trading Down 3.7 %

Shares of NYSE:AMPY opened at $4.84 on Tuesday. The company’s 50-day moving average price is $5.65 and its two-hundred day moving average price is $6.33. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.06 and a quick ratio of 1.06. Amplify Energy has a one year low of $3.56 and a one year high of $8.15. The stock has a market capitalization of $192.29 million, a PE ratio of 3.14 and a beta of 1.92.

Hedge Funds Weigh In On Amplify Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC lifted its stake in Amplify Energy by 272.4% in the 3rd quarter. Barclays PLC now owns 52,159 shares of the company’s stock valued at $341,000 after purchasing an additional 38,151 shares during the last quarter. Wellington Management Group LLP bought a new position in Amplify Energy in the 3rd quarter valued at approximately $70,000. Geode Capital Management LLC lifted its stake in Amplify Energy by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 883,676 shares of the company’s stock valued at $5,772,000 after purchasing an additional 29,988 shares during the last quarter. Empowered Funds LLC lifted its stake in Amplify Energy by 5.1% in the 4th quarter. Empowered Funds LLC now owns 155,622 shares of the company’s stock valued at $934,000 after purchasing an additional 7,516 shares during the last quarter. Finally, FMR LLC lifted its stake in Amplify Energy by 139.2% in the 3rd quarter. FMR LLC now owns 27,686 shares of the company’s stock valued at $181,000 after purchasing an additional 16,113 shares during the last quarter. 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.