Amplify Energy (NYSE:AMPY) Trading Down 4.2% – Here’s Why

Amplify Energy Corp. (NYSE:AMPYGet Free Report) traded down 4.2% during trading on Friday . The company traded as low as $3.94 and last traded at $3.9550. 566,702 shares changed hands during trading, a decline of 33% from the average daily volume of 840,124 shares. The stock had previously closed at $4.13.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AMPY. Wall Street Zen lowered shares of Amplify Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings lowered shares of Amplify Energy from a “hold (c)” rating to a “sell (d)” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Check Out Our Latest Analysis on AMPY

Amplify Energy Price Performance

The stock has a market cap of $163.30 million, a PE ratio of 19.77 and a beta of -0.19. The firm’s 50 day moving average price is $4.31 and its two-hundred day moving average price is $5.11.

Amplify Energy (NYSE:AMPYGet Free Report) last announced its quarterly earnings results on Monday, May 11th. The company reported ($0.93) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.99). The business had revenue of $37.46 million for the quarter, compared to analysts’ expectations of $38.11 million. Amplify Energy had a net margin of 5.12% and a negative return on equity of 3.71%.

Insider Transactions at Amplify Energy

In related news, insider James Frew bought 25,000 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were purchased at an average price of $3.95 per share, for a total transaction of $98,750.00. Following the completion of the transaction, the insider directly owned 216,859 shares in the company, valued at approximately $856,593.05. The trade was a 13.03% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 8.99% of the stock is owned by insiders.

Hedge Funds Weigh In On Amplify Energy

Hedge funds have recently made changes to their positions in the stock. Thomist Capital Management LP lifted its holdings in Amplify Energy by 109.8% during the 4th quarter. Thomist Capital Management LP now owns 3,147,130 shares of the company’s stock worth $14,571,000 after purchasing an additional 1,647,130 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Amplify Energy by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,080,268 shares of the company’s stock valued at $9,507,000 after buying an additional 8,154 shares in the last quarter. Truffle Hound Capital LLC increased its position in shares of Amplify Energy by 56.2% during the fourth quarter. Truffle Hound Capital LLC now owns 1,250,000 shares of the company’s stock valued at $5,712,000 after buying an additional 450,000 shares during the period. Marshall Wace LLP increased its position in shares of Amplify Energy by 76.4% during the fourth quarter. Marshall Wace LLP now owns 954,725 shares of the company’s stock valued at $4,363,000 after buying an additional 413,512 shares during the period. Finally, CSM Advisors LLC lifted its holdings in shares of Amplify Energy by 14.3% in the fourth quarter. CSM Advisors LLC now owns 918,015 shares of the company’s stock worth $4,193,000 after buying an additional 114,690 shares in the last quarter. 42.84% of the stock is currently owned by hedge funds and other institutional investors.

About Amplify Energy

(Get Free Report)

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.

See Also

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.