Wall Street Zen upgraded shares of Amplify Energy (NYSE:AMPY – Free Report) from a strong sell rating to a hold rating in a research report sent to investors on Sunday.
A number of other equities analysts have also issued reports on AMPY. Weiss Ratings raised shares of Amplify Energy from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Benchmark dropped their price objective on shares of Amplify Energy from $11.00 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Amplify Energy has a consensus rating of “Hold” and a consensus price target of $9.00.
Check Out Our Latest Report on AMPY
Amplify Energy Stock Performance
Amplify Energy (NYSE:AMPY – Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.12). Amplify Energy had a net margin of 10.62% and a negative return on equity of 3.01%. The firm had revenue of $52.69 million during the quarter, compared to analyst estimates of $43.61 million.
Insider Buying and Selling
In related news, insider James Frew purchased 25,000 shares of Amplify Energy stock in a transaction that occurred on Tuesday, June 23rd. The stock was bought at an average cost of $3.95 per share, for a total transaction of $98,750.00. Following the completion of the transaction, the insider owned 216,859 shares in the company, valued at $856,593.05. The trade was a 13.03% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 8.99% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Amplify Energy
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Thomist Capital Management LP boosted its holdings in Amplify Energy by 109.8% during the fourth 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 in the last quarter. BlackRock Inc. purchased a new position in Amplify Energy in the second quarter valued at $9,800,000. Dimensional Fund Advisors LP raised its position in shares of Amplify Energy by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,080,268 shares of the company’s stock worth $9,507,000 after acquiring an additional 8,154 shares during the period. Truffle Hound Capital LLC raised its position in shares of Amplify Energy by 56.2% in the fourth quarter. Truffle Hound Capital LLC now owns 1,250,000 shares of the company’s stock worth $5,712,000 after acquiring an additional 450,000 shares during the period. Finally, Marshall Wace LLP raised its position in shares of Amplify Energy by 76.4% in the fourth quarter. Marshall Wace LLP now owns 954,725 shares of the company’s stock worth $4,363,000 after acquiring an additional 413,512 shares during the period. Institutional investors and hedge funds 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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