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

Amplify Energy Corp reported adjusted earnings of 36 cents per share for the quarter ended September 30, down from 54 cents a year ago. Revenue fell 5% to $66.40 million, below analyst expectations of $69.68 million. The company reported a loss of 52 cents per share and a quarterly loss of $20.97 million. Amplify shares dropped 6.7% this quarter and 18.3% year-to-date. Analysts maintain a "buy" rating, with a median 12-month price target of $8.50, 42.4% above the last closing price of $4.90.