Clint Coghill Sells 242,489 Shares of Amplify Energy (NYSE:AMPY) Stock

Amplify Energy Corp. (NYSE:AMPY) Director Clint Coghill sold 242,489 shares of Amplify Energy stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $6.31, for a total transaction of $1,530,105.59. Following the completion of the transaction, the director directly owned 2,504,347 shares in the company, valued at $15,802,429.57. The trade was a 8.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Amplify Energy Trading Down 1.6%

AMPY stock traded down $0.10 on Tuesday, hitting $6.18. The company’s stock had a trading volume of 1,267,289 shares, compared to its average volume of 841,537. The stock has a market cap of $254.90 million, a price-to-earnings ratio of 6.30 and a beta of -0.15. The firm has a 50 day moving average of $5.25 and a two-hundred day moving average of $4.97. Amplify Energy Corp. has a 1 year low of $2.27 and a 1 year high of $6.79.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AMPY. Rockefeller Capital Management L.P. lifted its holdings in Amplify Energy by 309.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 10,245 shares of the company’s stock valued at $47,000 after acquiring an additional 7,745 shares during the period. Invesco Ltd. grew its stake in shares of Amplify Energy by 58.2% during 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 grew its stake in shares of Amplify Energy by 11.0% during the 4th quarter. Empowered Funds LLC now owns 230,422 shares of the company’s stock worth $1,053,000 after purchasing an additional 22,922 shares during the period. XTX Topco Ltd increased its holdings in shares of Amplify Energy by 45.6% in the 4th quarter. XTX Topco Ltd now owns 22,992 shares of the company’s stock valued at $105,000 after purchasing an additional 7,201 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of Amplify Energy in the 4th quarter valued at about $106,000. Institutional investors and hedge funds own 42.84% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on AMPY shares. Wall Street Zen upgraded Amplify Energy from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings raised Amplify Energy from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $6.00.

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.