Amplify Energy (NYSE:AMPY) Announces Earnings Results

Amplify Energy (NYSE:AMPY) issued its quarterly earnings results on Monday. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.12), Zacks reports. Amplify Energy had a negative return on equity of 3.71% and a net margin of 5.12%.

Amplify Energy Stock Up 3.5%

AMPY stock traded up $0.14 during trading on Monday, reaching $4.17. The company’s stock had a trading volume of 286,936 shares, compared to its average volume of 815,215. Amplify Energy has a 1 year low of $3.47 and a 1 year high of $6.79. The company has a market capitalization of $172.18 million, a P/E ratio of 20.85 and a beta of -0.17. The company’s fifty day moving average is $4.10 and its 200-day moving average is $5.06.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on AMPY shares. Wall Street Zen cut Amplify Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday. Weiss Ratings lowered shares of Amplify Energy from a “hold (c)” rating to a “sell (d)” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Insider Activity at Amplify Energy

In other Amplify Energy news, insider James Frew acquired 25,000 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average cost of $3.95 per share, for a total transaction of $98,750.00. Following the completion of the transaction, the insider directly owned 216,859 shares of the company’s stock, valued at approximately $856,593.05. The trade was a 13.03% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 8.99% of the stock is owned by insiders.

Institutional Trading of Amplify Energy

Institutional investors have recently made changes to their positions in the business. Invesco Ltd. boosted its stake in Amplify Energy by 58.2% in the 4th quarter. Invesco Ltd. now owns 119,957 shares of the company’s stock worth $548,000 after purchasing an additional 44,115 shares during the period. Empowered Funds LLC boosted its position in shares of Amplify Energy by 11.0% during the fourth quarter. Empowered Funds LLC now owns 230,422 shares of the company’s stock worth $1,053,000 after acquiring an additional 22,922 shares during the last quarter. XTX Topco Ltd grew its stake in Amplify Energy by 45.6% during the fourth 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 in the last quarter. Quadrature Capital Ltd purchased a new position in Amplify Energy during the fourth quarter valued at $106,000. Finally, Boothbay Fund Management LLC bought a new stake in Amplify Energy in the 4th quarter valued at $295,000. Hedge funds and other institutional investors own 42.84% of the company’s stock.

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.