Amplify Energy Corp. (NYSE:AMPY) Sees Large Decline in Short Interest

Amplify Energy Corp. (NYSE:AMPY - Get Free Report) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 1,810,000 shares, a decrease of 19.6% from the April 30th total of 2,250,000 shares. Based on an average trading volume of 860,700 shares, the days-to-cover ratio is currently 2.1 days. Currently, 5.0% of the shares of the stock are short sold.

Insider Buying and Selling at Amplify Energy

In related news, insider James Frew purchased 15,000 shares of the company's stock in a transaction on Friday, March 7th. The shares were bought at an average price of $3.85 per share, with a total value of $57,750.00. Following the completion of the acquisition, the insider now owns 54,222 shares of the company's stock, valued at approximately $208,754.70. This represents a 38.24% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Daniel Furbee acquired 10,000 shares of the business's stock in a transaction dated Friday, May 30th. The shares were bought at an average price of $2.97 per share, with a total value of $29,700.00. Following the transaction, the insider now directly owns 49,238 shares in the company, valued at approximately $146,236.86. The trade was a 25.49% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders acquired 60,000 shares of company stock valued at $224,600. 1.96% of the stock is owned by insiders.

Institutional Trading of Amplify Energy

A number of hedge funds have recently made changes to their positions in AMPY. SG Americas Securities LLC grew its position in Amplify Energy by 34.8% during the fourth quarter. SG Americas Securities LLC now owns 18,274 shares of the company's stock valued at $110,000 after purchasing an additional 4,720 shares in the last quarter. Bleakley Financial Group LLC increased its stake in shares of Amplify Energy by 68.3% in the fourth quarter. Bleakley Financial Group LLC now owns 18,908 shares of the company's stock worth $113,000 after acquiring an additional 7,671 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Amplify Energy by 5.1% in the fourth quarter. Empowered Funds LLC now owns 155,622 shares of the company's stock worth $934,000 after acquiring an additional 7,516 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Amplify Energy by 3.6% during the fourth quarter. Rhumbline Advisers now owns 102,030 shares of the company's stock worth $612,000 after acquiring an additional 3,580 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its position in Amplify Energy by 4.2% during the fourth quarter. Sanctuary Advisors LLC now owns 69,225 shares of the company's stock valued at $415,000 after purchasing an additional 2,765 shares during the last quarter. 42.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AMPY. Alliance Global Partners reaffirmed a "buy" rating on shares of Amplify Energy in a report on Friday, March 7th. Wall Street Zen raised shares of Amplify Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Industrial Alliance Securities set a $8.50 target price on shares of Amplify Energy in a report on Friday, March 7th.

Amplify Energy Stock Up 6.2%

NYSE:AMPY traded up $0.20 during trading hours on Tuesday, hitting $3.36. 910,135 shares of the stock traded hands, compared to its average volume of 497,792. The firm has a 50 day moving average price of $2.83 and a 200 day moving average price of $4.57. The firm has a market cap of $135.33 million, a price-to-earnings ratio of 2.18 and a beta of 0.37. Amplify Energy has a fifty-two week low of $2.27 and a fifty-two week high of $8.15. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.29.

Amplify Energy (NYSE:AMPY - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). Amplify Energy had a net margin of 20.99% and a return on equity of 16.22%. The business had revenue of $72.05 million for the quarter, compared to analyst estimates of $73.87 million. Equities research analysts anticipate that Amplify Energy will post 1.25 earnings per share for the current year.

Amplify Energy Company 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.