Insider Selling: Amplify Energy (NYSE:AMPY) Director Sells 501,279 Shares of Stock

Amplify Energy Corp. (NYSE:AMPY) Director Clint Coghill sold 501,279 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $6.42, for a total transaction of $3,218,211.18. Following the completion of the sale, the director directly owned 2,746,836 shares in the company, valued at approximately $17,634,687.12. The trade was a 15.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Amplify Energy Trading Down 1.6%

AMPY stock traded down $0.10 during trading on Tuesday, hitting $6.18. 1,267,289 shares of the stock traded hands, compared to its average volume of 841,537. Amplify Energy Corp. has a one year low of $2.27 and a one year high of $6.79. 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 company has a 50 day simple moving average of $5.25 and a 200 day simple moving average of $4.97.

Amplify Energy (NYSE:AMPY) last issued its quarterly earnings data on Monday, March 9th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.45). The firm had revenue of $56.55 million for the quarter, compared to the consensus estimate 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, analysts predict that Amplify Energy Corp. will post 1.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Lakewood Asset Management LLC boosted its position in Amplify Energy by 7.4% in the 4th quarter. Lakewood Asset Management LLC now owns 34,665 shares of the company’s stock valued at $158,000 after buying an additional 2,386 shares during the last quarter. First Trust Advisors LP raised its position in shares of Amplify Energy by 2.5% during the fourth quarter. First Trust Advisors LP now owns 108,768 shares of the company’s stock worth $497,000 after acquiring an additional 2,663 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Amplify Energy by 256.0% during the third quarter. Farther Finance Advisors LLC now owns 5,240 shares of the company’s stock valued at $28,000 after acquiring an additional 3,768 shares during the period. Franklin Resources Inc. lifted its stake in shares of Amplify Energy by 31.7% during the second quarter. Franklin Resources Inc. now owns 28,798 shares of the company’s stock valued at $92,000 after acquiring an additional 6,935 shares during the period. Finally, XTX Topco Ltd boosted its holdings in Amplify Energy by 45.6% in 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. 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.