Inlight Wealth Management LLC Sells 15,742 Shares of Amplify Energy Corp. $AMPY

Inlight Wealth Management LLC cut its stake in Amplify Energy Corp. (NYSE:AMPY) by 5.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 285,400 shares of the company’s stock after selling 15,742 shares during the period. Inlight Wealth Management LLC’s holdings in Amplify Energy were worth $913,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AMPY. Strs Ohio bought a new position in shares of Amplify Energy in the first quarter worth $36,000. Wagner Wealth Management LLC acquired a new stake in Amplify Energy during the second quarter worth about $43,000. Focus Partners Wealth bought a new position in Amplify Energy in the 1st quarter valued at about $54,000. Ancora Advisors LLC acquired a new position in shares of Amplify Energy in the 1st quarter valued at approximately $56,000. Finally, Virtu Financial LLC lifted its holdings in shares of Amplify Energy by 62.3% during the 1st quarter. Virtu Financial LLC now owns 20,577 shares of the company’s stock worth $77,000 after acquiring an additional 7,896 shares during the period. 42.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Amplify Energy

In related news, insider James Frew bought 50,000 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was acquired at an average cost of $3.50 per share, with a total value of $175,000.00. Following the transaction, the insider directly owned 104,222 shares in the company, valued at approximately $364,777. This trade represents a 92.21% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Clint D. Coghill bought 167,086 shares of the business’s stock in a transaction on Wednesday, August 13th. The shares were bought at an average cost of $3.88 per share, for a total transaction of $648,293.68. Following the completion of the acquisition, the director directly owned 3,438,853 shares in the company, valued at approximately $13,342,749.64. This trade represents a 5.11% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 425,000 shares of company stock valued at $1,603,845 in the last ninety days. Insiders own 10.30% of the company’s stock.

Amplify Energy Stock Performance

Shares of AMPY stock opened at $5.02 on Monday. The firm has a market capitalization of $202.96 million, a price-to-earnings ratio of 14.33 and a beta of 0.44. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.32. The business’s 50-day moving average price is $4.19 and its 200-day moving average price is $3.50. Amplify Energy Corp. has a 12 month low of $2.27 and a 12 month high of $7.35.

Amplify Energy (NYSE:AMPY) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.12). Amplify Energy had a net margin of 5.64% and a return on equity of 6.61%. The business had revenue of $68.36 million during the quarter, compared to the consensus estimate of $68.51 million. Equities research analysts forecast that Amplify Energy Corp. will post 1.25 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AMPY shares. Benchmark reissued a “buy” rating on shares of Amplify Energy in a research note on Thursday, July 3rd. Alliance Global Partners initiated coverage on Amplify Energy in a research note on Monday, June 30th. They issued a “buy” rating and a $6.00 price target on the stock. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Amplify Energy in a report on Saturday, September 27th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $8.50.

Amplify Energy Profile

Amplify Energy Corp., together with its subsidiaries, engages in the acquisition, development, exploitation, and production of oil and natural gas properties in the United States. The company’s properties consist of operated and non-operated working interests in producing and undeveloped leasehold acreage, as well as working interests in identified producing wells located in Oklahoma, the Rockies, federal waters offshore Southern California, East Texas/North Louisiana, and Eagle Ford.