Amplify Energy (NYSE:AMPY) Director Sells $1,530,105.59 in Stock

Amplify Energy Corp. (NYSE:AMPY) Director Clint Coghill sold 242,489 shares of Amplify Energy stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $6.31, for a total value of $1,530,105.59. Following the completion of the transaction, the director owned 2,504,347 shares in the company, valued at approximately $15,802,429.57. This represents a 8.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Amplify Energy Trading Up 0.4%

AMPY stock opened at $6.33 on Friday. The stock has a market capitalization of $261.05 million, a P/E ratio of 6.46 and a beta of -0.15. Amplify Energy Corp. has a 12 month low of $2.27 and a 12 month high of $6.79. The firm has a 50-day moving average price of $5.35 and a 200-day moving average price of $5.01.

Amplify Energy (NYSE:AMPY) last posted its quarterly earnings results on Monday, March 9th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.45). The company had revenue of $56.55 million during the quarter, compared to analyst estimates of $71.07 million. Amplify Energy had a net margin of 16.69% and a negative return on equity of 4.10%. As a group, equities analysts predict that Amplify Energy Corp. will post 1.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AMPY shares. Weiss Ratings raised shares of Amplify Energy from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, March 12th. Wall Street Zen upgraded Amplify Energy from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $6.00.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AMPY. Rockefeller Capital Management L.P. boosted its position in Amplify Energy by 309.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 10,245 shares of the company’s stock worth $47,000 after buying an additional 7,745 shares during the period. Invesco Ltd. increased its position in Amplify Energy by 58.2% in the 4th quarter. Invesco Ltd. now owns 119,957 shares of the company’s stock valued at $548,000 after acquiring an additional 44,115 shares during the period. Empowered Funds LLC raised its stake 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 valued at $1,053,000 after acquiring an additional 22,922 shares during the last quarter. XTX Topco Ltd raised its stake in shares of 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 during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of Amplify Energy during the fourth quarter worth $106,000. Institutional investors 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.