Amplify Energy (NYSE:AMPY – Get Free Report) posted its quarterly earnings data on Monday. The company reported ($0.93) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.99), FiscalAI reports. Amplify Energy had a negative return on equity of 4.10% and a net margin of 16.69%.The firm had revenue of $37.46 million for the quarter, compared to analysts’ expectations of $38.11 million.
Amplify Energy Price Performance
Shares of NYSE AMPY traded up $0.21 during mid-day trading on Monday, reaching $5.50. 909,759 shares of the company’s stock were exchanged, compared to its average volume of 861,697. The firm has a 50-day moving average price of $5.98 and a two-hundred day moving average price of $5.34. The firm has a market capitalization of $226.91 million, a price-to-earnings ratio of 5.61 and a beta of -0.13. Amplify Energy has a 52 week low of $2.60 and a 52 week high of $6.79.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. Weiss Ratings raised shares of Amplify Energy from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, March 12th. Wall Street Zen raised shares of Amplify Energy from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.00.
Insider Transactions at Amplify Energy
In other Amplify Energy news, Director Clint D. Coghill sold 242,489 shares of Amplify Energy stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $6.31, for a total value of $1,530,105.59. Following the sale, the director owned 2,504,347 shares of the company’s stock, valued at approximately $15,802,429.57. The trade was a 8.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 1,000,000 shares of company stock worth $6,454,822 in the last three months. Company insiders own 10.30% of the company’s stock.
Institutional Investors Weigh In On Amplify Energy
Several large investors have recently modified their holdings of AMPY. Strs Ohio purchased a new position in Amplify Energy in the first quarter valued at approximately $36,000. Banque Cantonale Vaudoise purchased a new stake in Amplify Energy in the third quarter worth $53,000. WINTON GROUP Ltd purchased a new stake in Amplify Energy in the third quarter worth $60,000. Hudson Bay Capital Management LP bought a new stake in shares of Amplify Energy in the second quarter valued at $38,000. Finally, Focus Partners Wealth purchased a new position in shares of Amplify Energy during the 1st quarter valued at $54,000. Hedge funds and other institutional investors own 42.84% of the company’s stock.
Amplify Energy Company Profile
Amplify Energy Corp (NYSE: AMPY) is an independent upstream energy company focused on the exploration, development and production of crude oil and natural gas resources in the United States. The company’s operations emphasize both conventional and unconventional plays, combining onshore and offshore activities. Amplify Energy applies advanced reservoir management techniques and disciplined capital allocation to identify and develop reserves with attractive economics while managing commodity price exposure through targeted risk strategies.
The company’s asset portfolio is concentrated along the U.S.
Featured Articles
- Five stocks we like better than Amplify Energy
- Before the Moon Base Gets Built, These 4 Companies Win
- Industrial Buybacks: Top Homebuilding Supplier Leads Buyback Increases
- 3 Stocks That Win If Inflation Surprises to the Downside
- MercadoLibre Boldly Invests in Growth: Discount Deepens
Receive News & Ratings for Amplify Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amplify Energy and related companies with MarketBeat.com's FREE daily email newsletter.
