Amplify Energy (NYSE:AMPY) Raised to Hold at Wall Street Zen

Amplify Energy (NYSE:AMPY) was upgraded by equities research analysts at Wall Street Zen from a “strong sell” rating to a “hold” rating in a report issued on Sunday.

AMPY has been the subject of several other research reports. Weiss Ratings raised shares of Amplify Energy from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Benchmark lowered their price target on shares of Amplify Energy from $11.00 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Amplify Energy presently has an average rating of “Hold” and an average target price of $9.00.

Amplify Energy Trading Up 0.8%

Shares of NYSE:AMPY opened at $4.82 on Friday. Amplify Energy has a twelve month low of $3.65 and a twelve month high of $6.79. The company’s 50 day moving average is $4.10 and its 200 day moving average is $5.05. The company has a market cap of $199.84 million, a PE ratio of 10.71 and a beta of -0.17.

Insider Transactions at Amplify Energy

In related news, insider James Frew purchased 25,000 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was bought at an average cost of $3.95 per share, with a total value of $98,750.00. Following the completion of the acquisition, the insider owned 216,859 shares of the company’s stock, valued at $856,593.05. The trade was a 13.03% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 8.99% of the company’s stock.

Hedge Funds Weigh In On Amplify Energy

Several institutional investors have recently made changes to their positions in the company. Strs Ohio purchased a new position in Amplify Energy in the first quarter valued at $36,000. Hudson Bay Capital Management LP purchased a new stake in shares of Amplify Energy during the 2nd quarter worth about $38,000. Rockefeller Capital Management L.P. boosted its stake in shares of Amplify Energy by 309.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 10,245 shares of the company’s stock worth $47,000 after acquiring an additional 7,745 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Amplify Energy during the 3rd quarter valued at about $53,000. Finally, Focus Partners Wealth acquired a new stake in shares of Amplify Energy during the 1st quarter valued at about $54,000. 42.84% of the stock is owned by hedge funds and other institutional investors.

Amplify Energy Company Profile

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.