Amplify Energy Corp reports results for the quarter ended June 30 - Earnings Summary

• Amplify Energy Corp AMPY.N reported quarterly adjusted earnings of 36 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 17 cents. The mean expectation of three analysts for the quarter was for earnings of 10 cents per share. Wall Street expected results to range from 2 cents to 21 cents per share.

• Revenue fell 14% to $68.36 million from a year ago; analysts expected $68.51 million.

• Amplify Energy Corp's reported EPS for the quarter was 15 cents​.

• The company reported quarterly net income of $6.38 million.

• Amplify Energy Corp shares had risen by 18.7% this quarter and lost 36.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 43.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"

• Wall Street's median 12-month price target for Amplify Energy Corp is $9.50, about 60.4% above its last closing price of $3.76

This summary was machine generated from LSEG data August 6 at 10:25 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)