Amplify Energy Corp. (NASDAQ:AMPY) Expected to Announce Earnings of $0.15 Per Share

Equities research analysts predict that Amplify Energy Corp. (NASDAQ:AMPY) will report $0.15 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Amplify Energy’s earnings. The lowest EPS estimate is $0.10 and the highest is $0.19. Amplify Energy reported earnings of $1.38 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 89.1%. The firm is scheduled to announce its next earnings results on Wednesday, March 11th.

According to Zacks, analysts expect that Amplify Energy will report full-year earnings of $0.28 per share for the current fiscal year. For the next financial year, analysts expect that the firm will report earnings of $0.72 per share, with EPS estimates ranging from $0.49 to $0.94. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Amplify Energy.

Amplify Energy (NASDAQ:AMPY) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 EPS for the quarter. The company had revenue of $72.96 million for the quarter.

Separately, Roth Capital reissued a “buy” rating on shares of Amplify Energy in a report on Friday, November 22nd.

AMPY traded up $0.19 during midday trading on Friday, reaching $5.38. 311,987 shares of the company were exchanged, compared to its average volume of 254,178. Amplify Energy has a one year low of $4.01 and a one year high of $13.23.

Amplify Energy Company Profile

Amplify Energy Corp. 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 the Rockies, federal waters offshore Southern California, East Texas/North Louisiana, and South Texas.

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