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

Wall Street Zen lowered shares of Amplify Energy (NYSE:AMPY) from a hold rating to a sell rating in a report issued on Saturday,Wall Street Zen reports.

AMPY has been the subject of a number of other research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Amplify Energy in a research note on Wednesday, November 4th. Benchmark decreased their price target on shares of Amplify Energy from $11.00 to $9.00 and set a “buy” rating on the stock in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $9.00.

Amplify Energy Price Performance

NYSE AMPY traded up $0.07 on Friday, hitting $4.08. The company had a trading volume of 887,205 shares, compared to its average volume of 765,304. The company has a market capitalization of $163.40 million, a PE ratio of 8.01 and a beta of 0.26. The company’s fifty day moving average price is $4.32 and its 200-day moving average price is $4.86. Amplify Energy has a 12-month low of $3.14 and a 12-month high of $6.79.

Amplify Energy (NYSE:AMPY) last posted its quarterly earnings data on Monday, November 9th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. The company had revenue of $51.44 million during the quarter, compared to analysts’ expectations of $43.73 million. Amplify Energy had a net margin of 12.48% and a negative return on equity of 1.41%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AMPY. Empowered Funds LLC lifted its holdings in Amplify Energy by 1.9% in the 3rd quarter. Empowered Funds LLC now owns 278,033 shares of the company’s stock valued at $1,171,000 after purchasing an additional 5,270 shares in the last quarter. State Street Corp grew its holdings in shares of Amplify Energy by 67.5% during the third quarter. State Street Corp now owns 668,112 shares of the company’s stock worth $2,813,000 after buying an additional 269,255 shares in the last quarter. Ieq Capital LLC purchased a new stake in shares of Amplify Energy during the third quarter worth $208,000. Russell Investments Group Ltd. grew its holdings in shares of Amplify Energy by 21.0% during the third quarter. Russell Investments Group Ltd. now owns 55,382 shares of the company’s stock worth $233,000 after buying an additional 9,595 shares in the last quarter. Finally, Ritholtz Wealth Management raised its position in shares of Amplify Energy by 31.0% in the third quarter. Ritholtz Wealth Management now owns 29,714 shares of the company’s stock valued at $125,000 after buying an additional 7,031 shares during the last quarter. 42.84% of the stock is owned by institutional investors and hedge funds.

Amplify Energy Company Profile

Amplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development and production of energy properties. Its products include crude oil, natural gas and natural gas liquids. The company’s U.S. operations have included offshore properties in Southern California and onshore assets in areas such as Wyoming and Oklahoma. Its portfolio combines mature producing fields with related infrastructure and development opportunities. Amplify was formed in 2016 and is headquartered in Houston, Texas.