Amplify Energy (NYSE:AMPY) Stock Price Up 3.3% - What's Next?

Key Points

• Amplify Energy shares rose 3.3% to about $6.20 on Tuesday (intraday high $6.24) on volume of ~457,257 shares, roughly 45% below its average daily volume; the stock trades near its 50‑day and 200‑day moving averages ($5.93 and $5.29) with a market cap of ≈$256M.
• Analysts have recently upgraded ratings from sell to hold at firms like Weiss Ratings and Wall Street Zen, and MarketBeat shows a consensus of Moderate Buy with an average target price of $6.00.
• The company posted a notable earnings and revenue miss for the quarter (EPS -$0.24 vs. $0.21 expected; revenue $56.6M vs. $71.1M expected), and insiders have been net sellers—director Clint Coghill sold 242,489 shares and insiders disposed of 1,000,000 shares over the past 90 days.

Shares of Amplify Energy Corp. (NYSE:AMPY - Get Free Report) rose 3.3% on Tuesday . The company traded as high as $6.24 and last traded at $6.1950. Approximately 457,257 shares were traded during trading, a decline of 45% from the average daily volume of 837,231 shares. The stock had previously closed at $6.00.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AMPY. Weiss Ratings raised shares of Amplify Energy from a "sell (d+)" rating to a "hold (c)" rating in a research report on Thursday, March 12th. Wall Street Zen raised shares of Amplify Energy from a "sell" rating to a "hold" rating in a research report on Saturday, March 14th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $6.00.

Amplify Energy Stock Performance

The stock has a 50 day moving average of $5.93 and a 200-day moving average of $5.29. The company has a market cap of $255.79 million, a PE ratio of 6.32 and a beta of -0.16.

Amplify Energy (NYSE:AMPY - Get Free Report) last posted its quarterly earnings results on Monday, March 9th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.45). The business had revenue of $56.55 million for the quarter, compared to analysts' expectations of $71.07 million. Amplify Energy had a negative return on equity of 4.10% and a net margin of 16.69%.

Insiders Place Their Bets

In other news, Director Clint D. Coghill sold 242,489 shares of the business's stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $6.31, for a total value of $1,530,105.59. Following the completion of the transaction, the director owned 2,504,347 shares of the company's stock, valued at $15,802,429.57. The trade was a 8.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 1,000,000 shares of company stock worth $6,454,822. 10.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Invesco Ltd. lifted its holdings in Amplify Energy by 125.6% in the first quarter. Invesco Ltd. now owns 24,524 shares of the company's stock valued at $92,000 after acquiring an additional 13,654 shares during the period. AQR Capital Management LLC grew its stake in shares of Amplify Energy by 38.4% during the 1st quarter. AQR Capital Management LLC now owns 393,489 shares of the company's stock worth $1,472,000 after purchasing an additional 109,187 shares during the period. Empowered Funds LLC increased its holdings in shares of Amplify Energy by 8.7% during the 1st quarter. Empowered Funds LLC now owns 169,229 shares of the company's stock valued at $633,000 after purchasing an additional 13,607 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Amplify Energy by 14.6% during the 1st quarter. Jane Street Group LLC now owns 99,440 shares of the company's stock valued at $372,000 after purchasing an additional 12,655 shares in the last quarter. Finally, Focus Partners Wealth acquired a new position in shares of Amplify Energy in the 1st quarter valued at $54,000. 42.84% of the stock is currently owned by hedge funds and other institutional investors.

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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