Amplify Energy (NYSE:AMPY) Downgraded to Strong Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of Amplify Energy (NYSE:AMPY) from a sell rating to a strong sell rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings lowered shares of Amplify Energy from a “hold (c)” rating to a “sell (d)” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Amplify Energy Stock Performance

Shares of NYSE:AMPY opened at $4.03 on Friday. Amplify Energy has a 52-week low of $3.41 and a 52-week high of $6.79. The business’s 50 day simple moving average is $4.10 and its two-hundred day simple moving average is $5.05. The firm has a market cap of $166.18 million, a P/E ratio of 20.12 and a beta of -0.17.

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

Insider Buying and Selling at Amplify Energy

In related news, insider James Frew bought 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were bought at an average price of $3.95 per share, with a total value of $98,750.00. Following the completion of the transaction, the insider directly owned 216,859 shares in the company, valued at approximately $856,593.05. This represents a 13.03% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.99% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Amplify Energy

Several large investors have recently bought and sold shares of AMPY. BlackRock Inc. bought a new position in shares of Amplify Energy during the second quarter valued at about $9,800,000. Thomist Capital Management LP grew its position in Amplify Energy by 109.8% in the 4th quarter. Thomist Capital Management LP now owns 3,147,130 shares of the company’s stock worth $14,571,000 after purchasing an additional 1,647,130 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Amplify Energy in the 1st quarter worth about $5,390,000. Truffle Hound Capital LLC increased its stake in Amplify Energy by 56.2% in the 4th quarter. Truffle Hound Capital LLC now owns 1,250,000 shares of the company’s stock valued at $5,712,000 after buying an additional 450,000 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in Amplify Energy in the 2nd quarter valued at about $1,655,000. 42.84% of the stock is currently 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.