Roth Capital Weighs in on Amplify Energy Corp.’s FY2024 Earnings (NYSE:AMPY)

Amplify Energy Corp. (NYSE:AMPY) – Research analysts at Roth Capital cut their FY2024 earnings per share estimates for shares of Amplify Energy in a research report issued to clients and investors on Sunday, August 18th. Roth Capital analyst J. White now expects that the company will post earnings of $1.16 per share for the year, down from their previous forecast of $1.28. The consensus estimate for Amplify Energy’s current full-year earnings is $1.28 per share. Roth Capital also issued estimates for Amplify Energy’s Q2 2025 earnings at $0.30 EPS.

Amplify Energy (NYSE:AMPY) last posted its earnings results on Wednesday, August 7th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.14). Amplify Energy had a return on equity of 8.29% and a net margin of 10.06%. The firm had revenue of $79.50 million during the quarter, compared to the consensus estimate of $79.62 million. During the same period in the previous year, the company posted $0.24 EPS.

Several other brokerages have also recently weighed in on AMPY. Benchmark began coverage on Amplify Energy in a report on Thursday, May 2nd. They set a “buy” rating and a $11.00 price objective for the company. Alliance Global Partners increased their price objective on shares of Amplify Energy from $9.00 to $9.50 and gave the company a “buy” rating in a report on Friday, August 9th.

Amplify Energy Trading Down 0.8 %

Shares of AMPY opened at $7.16 on Tuesday. The stock’s fifty day simple moving average is $6.88 and its 200-day simple moving average is $6.58. 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 firm has a market capitalization of $283.62 million, a PE ratio of 9.81 and a beta of 1.90. Amplify Energy has a 12-month low of $3.56 and a 12-month high of $8.15.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. American Century Companies Inc. grew its holdings in shares of Amplify Energy by 422.6% in the 2nd quarter. American Century Companies Inc. now owns 385,397 shares of the company’s stock valued at $2,613,000 after buying an additional 311,646 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Amplify Energy by 12.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,225,071 shares of the company’s stock valued at $15,086,000 after purchasing an additional 251,898 shares during the period. Acadian Asset Management LLC increased its stake in Amplify Energy by 87.3% during the 2nd quarter. Acadian Asset Management LLC now owns 418,444 shares of the company’s stock worth $2,835,000 after purchasing an additional 195,059 shares in the last quarter. Vanguard Group Inc. increased its stake in Amplify Energy by 7.1% during the 1st quarter. Vanguard Group Inc. now owns 2,423,704 shares of the company’s stock worth $16,021,000 after purchasing an additional 159,699 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in Amplify Energy during the 1st quarter worth approximately $904,000. Institutional investors 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.