Wall Street Zen lowered shares of Amplify Energy (NYSE:AMPY – Free Report) from a hold rating to a sell rating in a report published on Saturday morning.
Separately, Weiss Ratings raised Amplify Energy from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, March 12th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $6.00.
Get Our Latest Stock Analysis on AMPY
Amplify Energy Price Performance
Amplify Energy (NYSE:AMPY – Get Free Report) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.93) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.99). Amplify Energy had a negative return on equity of 3.71% and a net margin of 5.12%.The company had revenue of $37.46 million for the quarter, compared to analyst estimates of $38.11 million.
Insider Buying and Selling at Amplify Energy
In other news, Director Clint D. Coghill sold 501,279 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $6.42, for a total value of $3,218,211.18. Following the completion of the transaction, the director owned 2,746,836 shares in the company, valued at $17,634,687.12. This trade represents a 15.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 1,000,000 shares of company stock valued at $6,454,822 in the last three months. Company insiders own 10.30% of the company’s stock.
Institutional Trading of Amplify Energy
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Thomist Capital Management LP boosted its stake in Amplify Energy by 109.8% in the 4th quarter. Thomist Capital Management LP now owns 3,147,130 shares of the company’s stock worth $14,571,000 after buying an additional 1,647,130 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Amplify Energy in the 1st quarter worth about $5,390,000. Truffle Hound Capital LLC boosted its stake in Amplify Energy by 56.3% in the 4th quarter. Truffle Hound Capital LLC now owns 1,250,000 shares of the company’s stock worth $5,712,000 after buying an additional 450,000 shares during the last quarter. Marshall Wace LLP boosted its stake in Amplify Energy by 76.4% in the 4th quarter. Marshall Wace LLP now owns 954,725 shares of the company’s stock worth $4,363,000 after buying an additional 413,512 shares during the last quarter. Finally, Walleye Capital LLC boosted its stake in Amplify Energy by 483.1% in the 4th quarter. Walleye Capital LLC now owns 462,247 shares of the company’s stock worth $2,112,000 after buying an additional 382,969 shares during the last quarter. 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.
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