Amplify Energy (NYSE:AMPY) Upgraded at Wall Street Zen

Amplify Energy (NYSE:AMPY - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Thursday.

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

Amplify Energy Trading Down 0.2%

NYSE AMPY traded down $0.01 during trading hours on Thursday, hitting $2.70. The company's stock had a trading volume of 187,564 shares, compared to its average volume of 678,737. The stock has a fifty day moving average of $2.93 and a 200 day moving average of $4.71. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.29. Amplify Energy has a twelve month low of $2.27 and a twelve month high of $8.15. The firm has a market capitalization of $108.71 million, a P/E ratio of 1.75 and a beta of 0.37.

Amplify Energy (NYSE:AMPY - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $72.05 million for the quarter, compared to the consensus estimate of $73.87 million. Amplify Energy had a net margin of 20.99% and a return on equity of 16.22%. Equities research analysts forecast that Amplify Energy will post 1.25 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Todd R. Snyder purchased 25,000 shares of the stock in a transaction on Friday, March 7th. The stock was purchased at an average price of $3.83 per share, for a total transaction of $95,750.00. Following the acquisition, the director now owns 108,416 shares in the company, valued at $415,233.28. This trade represents a 29.97% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Deborah G. Adams acquired 10,000 shares of Amplify Energy stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average cost of $4.14 per share, for a total transaction of $41,400.00. Following the completion of the purchase, the director now owns 61,961 shares in the company, valued at approximately $256,518.54. The trade was a 19.25% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 50,000 shares of company stock worth $194,900 in the last ninety days. Company insiders own 1.96% of the company's stock.

Hedge Funds Weigh In On Amplify Energy

Several hedge funds and other institutional investors have recently bought and sold shares of AMPY. Rangeley Capital LLC bought a new stake in shares of Amplify Energy during the 4th quarter valued at about $8,154,000. Inlight Wealth Management LLC bought a new position in shares of Amplify Energy during the 4th quarter worth approximately $2,197,000. Acadian Asset Management LLC grew its position in shares of Amplify Energy by 71.6% during the 1st quarter. Acadian Asset Management LLC now owns 639,998 shares of the company's stock worth $2,388,000 after buying an additional 266,947 shares during the period. American Century Companies Inc. increased its stake in shares of Amplify Energy by 26.8% in the 4th quarter. American Century Companies Inc. now owns 1,085,645 shares of the company's stock valued at $6,514,000 after acquiring an additional 229,608 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of Amplify Energy during the 1st quarter valued at $649,000. Institutional investors and hedge funds 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.