Amplify Energy (NYSE:AMPY) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of Amplify Energy (NYSE:AMPY - Free Report) from a hold rating to a sell rating in a report issued on Friday morning.

Other equities analysts have also issued reports about the stock. Industrial Alliance Securities set a $8.50 price objective on shares of Amplify Energy in a report on Friday, March 7th. Alliance Global Partners restated a "buy" rating on shares of Amplify Energy in a report on Friday, March 7th.

Amplify Energy Trading Up 6.8%

Shares of Amplify Energy stock traded up $0.22 during trading hours on Friday, hitting $3.47. The company's stock had a trading volume of 971,215 shares, compared to its average volume of 504,322. Amplify Energy has a twelve month low of $2.27 and a twelve month high of $8.15. The firm has a fifty day moving average of $2.78 and a 200-day moving average of $4.45. The stock has a market cap of $139.97 million, a price-to-earnings ratio of 2.25 and a beta of 0.44. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.06 and a current ratio of 1.06.

Amplify Energy (NYSE:AMPY - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.10 EPS 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 during the quarter, compared to analyst estimates of $73.87 million. Research analysts forecast that Amplify Energy will post 1.25 EPS for the current year.

Insider Buying and Selling

In other Amplify Energy news, Director Deborah G. Adams bought 10,000 shares of Amplify Energy stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of $4.14 per share, for a total transaction of $41,400.00. Following the acquisition, the director now directly owns 61,961 shares in the company, valued at $256,518.54. This represents a 19.25% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Clint D. Coghill bought 181,000 shares of Amplify Energy stock in a transaction on Wednesday, June 4th. The shares were acquired at an average price of $3.27 per share, for a total transaction of $591,870.00. Following the completion of the acquisition, the director now owns 2,881,347 shares in the company, valued at $9,422,004.69. This represents a 6.70% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 324,000 shares of company stock valued at $1,068,290. Corporate insiders own 10.30% of the company's stock.

Institutional Investors Weigh In On Amplify Energy

A number of hedge funds have recently bought and sold shares of AMPY. Rhumbline Advisers boosted its stake in shares of Amplify Energy by 11.9% in the 1st quarter. Rhumbline Advisers now owns 114,161 shares of the company's stock valued at $427,000 after buying an additional 12,131 shares during the period. Strs Ohio purchased a new position in shares of Amplify Energy in the 1st quarter valued at about $36,000. Acadian Asset Management LLC boosted its stake in shares of Amplify Energy by 71.6% in the 1st quarter. Acadian Asset Management LLC now owns 639,998 shares of the company's stock valued at $2,388,000 after buying an additional 266,947 shares during the period. Focus Partners Wealth purchased a new position in shares of Amplify Energy in the 1st quarter valued at about $54,000. Finally, Jane Street Group LLC boosted its stake in shares of Amplify Energy by 14.6% in the 1st quarter. Jane Street Group LLC now owns 99,440 shares of the company's stock valued at $372,000 after buying an additional 12,655 shares during the period. Institutional investors and hedge funds own 42.84% of the company's stock.

About Amplify Energy

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.