Amplify Energy (NYSE:AMPY) Issues Quarterly Earnings Results

Amplify Energy (NYSE:AMPY) released its quarterly earnings data on Monday. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.12), Zacks reports. Amplify Energy had a negative return on equity of 3.71% and a net margin of 5.12%.

Amplify Energy Price Performance

AMPY traded up $0.14 during trading on Monday, hitting $4.17. The stock had a trading volume of 286,936 shares, compared to its average volume of 815,215. The company has a 50 day moving average price of $4.10 and a 200-day moving average price of $5.06. The firm has a market cap of $172.18 million, a price-to-earnings ratio of 20.85 and a beta of -0.17. Amplify Energy has a one year low of $3.47 and a one year high of $6.79.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AMPY shares. Weiss Ratings cut shares of Amplify Energy from a “hold (c)” rating to a “sell (d)” rating in a research note on Monday, June 1st. Wall Street Zen lowered shares of Amplify Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Amplify Energy currently has an average rating of “Sell”.

Insider Buying and Selling

In other news, insider James Frew acquired 25,000 shares of the stock in a transaction on Tuesday, June 23rd. The shares were purchased at an average price of $3.95 per share, for a total transaction of $98,750.00. Following the transaction, the insider directly owned 216,859 shares of the company’s stock, valued at approximately $856,593.05. This represents a 13.03% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 8.99% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Amplify Energy

Institutional investors have recently modified their holdings of the business. Quadrature Capital Ltd acquired a new position in shares of Amplify Energy during the 4th quarter worth approximately $106,000. Squarepoint Ops LLC acquired a new stake in shares of Amplify Energy in the fourth quarter valued at approximately $135,000. WINTON GROUP Ltd acquired a new stake in shares of Amplify Energy in the third quarter valued at approximately $60,000. Jefferies Financial Group Inc. bought a new stake in shares of Amplify Energy in the third quarter valued at approximately $96,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Amplify Energy by 371.6% in the second quarter. Tower Research Capital LLC TRC now owns 22,262 shares of the company’s stock valued at $71,000 after buying an additional 17,541 shares during the period. 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.