Q2 2024 EPS Estimates for Amplify Energy Corp. Increased by Roth Capital (NYSE:AMPY)

Amplify Energy Corp. (NYSE:AMPY) – Research analysts at Roth Capital upped their Q2 2024 earnings per share (EPS) estimates for Amplify Energy in a note issued to investors on Tuesday, June 18th. Roth Capital analyst J. White now expects that the company will earn $0.34 per share for the quarter, up from their prior 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.

Several other equities analysts also recently commented on AMPY. Roth Mkm restated a “buy” rating and set a $9.50 target price on shares of Amplify Energy in a research report on Friday, April 12th. Benchmark began coverage on Amplify Energy in a research note on Thursday, May 2nd. They issued a “buy” rating and a $11.00 target price for the company.

Amplify Energy Stock Performance

NYSE AMPY opened at $6.20 on Friday. Amplify Energy has a twelve month low of $3.56 and a twelve month high of $8.21. 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 $245.58 million, a P/E ratio of 8.49 and a beta of 1.80. The company’s 50-day simple moving average is $6.49 and its 200 day simple moving average is $6.25.

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

Institutional Investors Weigh In On Amplify Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its position in Amplify Energy by 2.9% in the first quarter. Janney Montgomery Scott LLC now owns 79,642 shares of the company’s stock worth $526,000 after purchasing an additional 2,274 shares during the period. Federated Hermes Inc. grew its position in shares of Amplify Energy by 3.1% during the 4th quarter. Federated Hermes Inc. now owns 117,853 shares of the company’s stock worth $699,000 after buying an additional 3,599 shares during the period. SG Americas Securities LLC raised its stake in shares of Amplify Energy by 27.3% during the fourth quarter. SG Americas Securities LLC now owns 19,909 shares of the company’s stock worth $118,000 after buying an additional 4,266 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Amplify Energy by 154.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,481 shares of the company’s stock worth $50,000 after buying an additional 5,145 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in Amplify Energy by 11.1% in the fourth quarter. New York State Common Retirement Fund now owns 72,128 shares of the company’s stock valued at $428,000 after buying an additional 7,220 shares during the period. 42.84% of the stock is owned by institutional investors and hedge funds.

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.