Amplify Energy (NYSE:AMPY) Posts Quarterly Earnings Results, Misses Estimates By $0.12 EPS

Key Points

• Amplify Energy reported a quarterly loss of $0.04 per share, missing analysts’ expected $0.08 EPS by $0.12. The company posted a 5.12% net margin and negative 3.71% return on equity.
• AMPY shares rose to $4.17, but remain below their 200-day moving average of $5.06 and well under the 12-month high of $6.79. The stock has a market capitalization of approximately $172 million.
• Insider James Frew purchased 25,000 shares, increasing his position by 13.03%, while analyst sentiment remains negative: the stock carries an average “Sell” rating, including a recent “Strong Sell” downgrade.

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

Amplify Energy Stock Performance

AMPY traded up $0.14 during trading on Monday, reaching $4.17. 286,936 shares of the stock were exchanged, compared to its average volume of 815,215. The stock's 50 day moving average price is $4.10 and its two-hundred day moving average price is $5.06. Amplify Energy has a twelve month low of $3.47 and a twelve month high of $6.79. The stock has a market cap of $172.18 million, a P/E ratio of 20.85 and a beta of -0.17.

Insider Buying and Selling

In other news, insider James Frew acquired 25,000 shares of the firm's stock in a transaction dated Tuesday, June 23rd. The stock was bought at an average price of $3.95 per share, with a total value of $98,750.00. Following the transaction, the insider directly owned 216,859 shares in the company, valued at approximately $856,593.05. The trade was a 13.03% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 8.99% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Amplify Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Strs Ohio bought a new position in Amplify Energy during the first quarter worth about $36,000. Banque Cantonale Vaudoise bought a new stake in Amplify Energy in the third quarter valued at approximately $53,000. WINTON GROUP Ltd bought a new stake in Amplify Energy in the third quarter valued at approximately $60,000. Hudson Bay Capital Management LP acquired a new stake in shares of Amplify Energy in the second quarter valued at approximately $38,000. Finally, Focus Partners Wealth acquired a new stake in shares of Amplify Energy in the first quarter valued at approximately $54,000. 42.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AMPY has been the subject of a number of analyst reports. Weiss Ratings downgraded shares of Amplify Energy from a "hold (c)" rating to a "sell (d)" rating in a research report on Monday, June 1st. Wall Street Zen cut shares of Amplify Energy from a "sell" rating to a "strong sell" rating in a research report on Saturday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of "Sell".

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.

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