Amplify Energy (NYSE:AMPY) Rating Lowered to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Amplify Energy (NYSE:AMPY) from a hold rating to a sell rating in a report released on Friday.

Several other equities analysts have also recently commented on AMPY. Industrial Alliance Securities set a $8.50 price target on Amplify Energy in a report on Friday, March 7th. Alliance Global Partners reissued a “buy” rating on shares of Amplify Energy in a report on Friday, March 7th.

Amplify Energy Price Performance

NYSE AMPY opened at $3.26 on Friday. The stock has a 50-day simple moving average of $2.79 and a 200 day simple moving average of $4.48. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $131.50 million, a PE ratio of 2.12 and a beta of 0.44. Amplify Energy has a twelve month low of $2.27 and a twelve month high of $8.15.

Amplify Energy (NYSE:AMPY) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). The firm had revenue of $72.05 million during the quarter, compared to analyst estimates of $73.87 million. Amplify Energy had a net margin of 20.99% and a return on equity of 16.22%. Research analysts anticipate that Amplify Energy will post 1.25 EPS for the current year.

Insider Transactions at Amplify Energy

In related news, Director Clint D. Coghill bought 92,000 shares of the company’s stock in a transaction dated Thursday, June 5th. The stock was acquired at an average cost of $3.26 per share, with a total value of $299,920.00. Following the acquisition, the director now owns 2,973,347 shares in the company, valued at approximately $9,693,111.22. This represents a 3.19% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel Furbee bought 10,000 shares of the company’s stock in a transaction dated Friday, May 30th. The stock was bought at an average cost of $2.97 per share, with a total value of $29,700.00. Following the completion of the acquisition, the insider now owns 49,238 shares in the company, valued at $146,236.86. This represents a 25.49% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 324,000 shares of company stock valued at $1,068,290. Corporate insiders own 10.30% of the company’s stock.

Hedge Funds Weigh In On Amplify Energy

A number of hedge funds have recently modified their holdings of AMPY. Strs Ohio bought a new stake in Amplify Energy during the 1st quarter worth approximately $36,000. BNP Paribas Financial Markets bought a new stake in Amplify Energy during the 4th quarter worth approximately $38,000. Caption Management LLC bought a new stake in Amplify Energy during the 4th quarter worth approximately $44,000. Focus Partners Wealth bought a new stake in Amplify Energy during the 1st quarter worth approximately $54,000. Finally, Ancora Advisors LLC bought a new stake in Amplify Energy during the 1st quarter worth approximately $56,000. 42.84% of the stock is owned by institutional investors and hedge funds.

Amplify Energy Company Profile

Amplify Energy Corp., together with its subsidiaries, engages in the acquisition, development, exploitation, and production of oil and natural gas properties in the United States. The company’s properties consist of operated and non-operated working interests in producing and undeveloped leasehold acreage, as well as working interests in identified producing wells located in Oklahoma, the Rockies, federal waters offshore Southern California, East Texas/North Louisiana, and Eagle Ford.