Alliance Global Partners lowered the firm’s price target on Amplify Energy (AMPY) to $8.50 from $9 and keeps a Buy rating on the shares after the company reported Q4 results that were below expectations and provided an update on Beta Field that was “a bit disappointing with another delay in well results.” While the earnings updates were “less than ideal,” the company still appears on track for “a busy 2025 with several catalysts,” the analyst tells investors.
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Read More on AMPY:
- Amplify Energy Corp. Faces Integration Hurdles Amid Regulatory Compliance Challenges
- Amplify Energy Reports 2024 Results and Strategic Plans
- Amplify Energy reports Q4 EPS 13c, consensus 26c
- Amplify Energy Announces 2024 Financial Results and Merger Plans
- Amplify Energy’s Strategic Acquisitions and Growth Potential Justify Buy Rating
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