Amplify Energy (NYSE:AMPY) Trading 3.7% Higher – What’s Next?

Amplify Energy Corp. (NYSE:AMPY)’s stock price traded up 3.7% on Monday . The company traded as high as $4.55 and last traded at $4.5310. 892,155 shares changed hands during trading, an increase of 29% from the average session volume of 691,618 shares. The stock had previously closed at $4.37.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AMPY shares. 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 report on Monday, June 1st. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $6.00.

Amplify Energy Stock Up 3.5%

The company’s fifty day moving average is $5.44 and its 200-day moving average is $5.34. The company has a market cap of $188.90 million, a PE ratio of 22.88 and a beta of -0.21.

Amplify Energy (NYSE:AMPY) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.93) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.99). Amplify Energy had a negative return on equity of 3.71% and a net margin of 5.12%.The firm had revenue of $37.46 million during the quarter, compared to the consensus estimate of $38.11 million.

Insider Transactions at Amplify Energy

In other Amplify Energy news, Director Clint D. Coghill sold 242,489 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $6.31, for a total transaction of $1,530,105.59. Following the completion of the sale, the director owned 2,504,347 shares of the company’s stock, valued at approximately $15,802,429.57. The trade was a 8.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 1,000,000 shares of company stock worth $6,454,822 in the last three months. Insiders own 8.99% of the company’s stock.

Institutional Investors Weigh In On Amplify Energy

A number of institutional investors and hedge funds have recently bought and sold shares of AMPY. Lakewood Asset Management LLC raised its stake in shares of Amplify Energy by 7.4% during the 4th quarter. Lakewood Asset Management LLC now owns 34,665 shares of the company’s stock worth $158,000 after acquiring an additional 2,386 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Amplify Energy by 2.5% during the fourth quarter. First Trust Advisors LP now owns 108,768 shares of the company’s stock worth $497,000 after buying an additional 2,663 shares during the period. Franklin Resources Inc. grew its holdings in shares of Amplify Energy by 31.7% during the second quarter. Franklin Resources Inc. now owns 28,798 shares of the company’s stock valued at $92,000 after buying an additional 6,935 shares during the last quarter. XTX Topco Ltd increased its position 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 acquiring an additional 7,201 shares during the period. Finally, Rockefeller Capital Management L.P. raised its stake in Amplify Energy by 309.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 10,245 shares of the company’s stock worth $47,000 after acquiring an additional 7,745 shares during the last quarter. 42.84% of the stock is owned by institutional investors.

About Amplify Energy

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.