Wall Street Zen lowered shares of Amplify Energy (NYSE:AMPY – Free Report) from a sell rating to a strong sell rating in a research report report published on Saturday morning.
Separately, Weiss Ratings downgraded Amplify Energy from a “hold (c)” rating to a “sell (d)” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.
View Our Latest Analysis on AMPY
Amplify Energy Price Performance
Amplify Energy (NYSE:AMPY – Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.12). Amplify Energy had a net margin of 5.12% and a negative return on equity of 3.71%. The company had revenue of $52.69 million during the quarter, compared to analyst estimates of $43.61 million.
Insider Activity
In other Amplify Energy news, insider James Frew bought 25,000 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average cost of $3.95 per share, with a total value of $98,750.00. Following the acquisition, the insider directly owned 216,859 shares of the company’s stock, valued at $856,593.05. The trade was a 13.03% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 8.99% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Amplify Energy during the first quarter worth approximately $5,390,000. Assenagon Asset Management S.A. acquired a new position in Amplify Energy in the 1st quarter valued at $994,000. 683 Capital Management LLC purchased a new position in Amplify Energy during the 4th quarter worth $862,000. Element Pointe Advisors LLC purchased a new position in Amplify Energy during the 2nd quarter worth $137,000. Finally, BlackRock Inc. acquired a new stake in shares of Amplify Energy in the 2nd quarter worth $9,800,000. 42.84% of the stock is owned by hedge funds and other institutional investors.
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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