Amplify Energy (NYSE:AMPY) Trading Down 2.8% – What’s Next?

Amplify Energy Corp. (NYSE:AMPY)’s stock price was down 2.8% during trading on Monday . The company traded as low as $5.49 and last traded at $5.55. Approximately 863,234 shares changed hands during trading, an increase of 58% from the average daily volume of 546,904 shares. The stock had previously closed at $5.71.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Amplify Energy in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $7.25.

Amplify Energy Trading Down 2.8%

The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.31. The firm has a market cap of $224.66 million, a PE ratio of -7.82 and a beta of -0.05. The company’s 50-day moving average is $4.89 and its 200 day moving average is $4.77.

Institutional Trading of Amplify Energy

Several hedge funds and other institutional investors have recently modified their holdings of the business. Lakewood Asset Management LLC grew its holdings in shares of Amplify Energy by 7.4% during the fourth quarter. Lakewood Asset Management LLC now owns 34,665 shares of the company’s stock valued at $158,000 after buying an additional 2,386 shares in the last quarter. First Trust Advisors LP boosted its position in Amplify Energy by 2.5% during the 4th quarter. First Trust Advisors LP now owns 108,768 shares of the company’s stock worth $497,000 after acquiring an additional 2,663 shares during the period. Farther Finance Advisors LLC grew its stake in Amplify Energy by 256.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,240 shares of the company’s stock valued at $28,000 after acquiring an additional 3,768 shares in the last quarter. Franklin Resources Inc. grew its stake in Amplify Energy by 31.7% during the 2nd quarter. Franklin Resources Inc. now owns 28,798 shares of the company’s stock valued at $92,000 after acquiring an additional 6,935 shares in the last quarter. Finally, XTX Topco Ltd increased its holdings in shares of Amplify Energy by 45.6% in the 4th quarter. XTX Topco Ltd now owns 22,992 shares of the company’s stock valued at $105,000 after purchasing an additional 7,201 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.