Amplify Energy (NYSE:AMPY) Downgraded to "Sell" Rating by Wall Street Zen

Wall Street Zen lowered shares of Amplify Energy (NYSE:AMPY - Free Report) from a hold rating to a sell rating in a research note issued to investors on Friday.

Several other brokerages also recently weighed in on AMPY. Alliance Global Partners reiterated a "buy" rating on shares of Amplify Energy in a research report on Friday, March 7th. Industrial Alliance Securities set a $8.50 price objective on Amplify Energy in a research report on Friday, March 7th.

Amplify Energy Price Performance

AMPY traded up $0.01 during midday trading on Friday, hitting $3.26. The stock had a trading volume of 521,643 shares, compared to its average volume of 501,528. The company has a market cap of $131.50 million, a P/E ratio of 2.12 and a beta of 0.37. The business has a fifty day moving average of $2.79 and a 200 day moving average of $4.51. 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 has a 1 year low of $2.27 and a 1 year high of $8.15.

Amplify Energy (NYSE:AMPY - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). The firm had revenue of $72.05 million during the quarter, compared to analysts' expectations of $73.87 million. Amplify Energy had a return on equity of 16.22% and a net margin of 20.99%. As a group, equities analysts forecast that Amplify Energy will post 1.25 earnings per share for the current fiscal year.

Insider Buying and Selling at Amplify Energy

In other news, Director Clint D. Coghill bought 92,000 shares of Amplify Energy stock in a transaction on Thursday, June 5th. The shares were purchased at an average price of $3.26 per share, for a total transaction of $299,920.00. Following the acquisition, the director now owns 2,973,347 shares of the company's stock, valued at approximately $9,693,111.22. The trade was a 3.19% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Daniel Furbee bought 10,000 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was purchased at an average cost 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. This represents a 25.49% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 324,000 shares of company stock worth $1,068,290. 1.96% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new position in shares of Amplify Energy in the 4th quarter worth approximately $38,000. Caption Management LLC bought a new position in shares of Amplify Energy in the 4th quarter worth approximately $44,000. Strs Ohio bought a new position in shares of Amplify Energy in the 1st quarter worth approximately $36,000. Invesco Ltd. bought a new position in shares of Amplify Energy in the 4th quarter worth approximately $65,000. Finally, ProShare Advisors LLC bought a new position in shares of Amplify Energy in the 4th quarter worth approximately $66,000. Institutional investors own 42.84% of the company's stock.

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.