Amplify Energy (NYSE:AMPY) Upgraded by Wall Street Zen to Hold Rating

Key Points

• Wall Street Zen upgraded Amplify Energy from “strong sell” to “hold,” while analysts’ consensus remains “Hold” with an average price target of $9.00.
• Benchmark cut its price target from $11 to $9 but retained a “Buy” rating; another analyst maintains a “Sell” rating, reflecting mixed views on the stock.
• AMPY opened at $4.78, down 1.1%, with a market capitalization of approximately $198 million. Insider James Frew purchased 25,000 shares, while institutional investors own 42.84% of the company.

Amplify Energy (NYSE:AMPY - Get Free Report) was upgraded by Wall Street Zen from a "strong sell" rating to a "hold" rating in a note issued to investors on Sunday.

Several other analysts have also commented on AMPY. Benchmark decreased their price target on Amplify Energy from $11.00 to $9.00 and set a "buy" rating on the stock in a research note on Tuesday. Weiss Ratings upgraded Amplify Energy from a "sell (d)" rating to a "sell (d+)" rating in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $9.00.

Amplify Energy Trading Down 1.1%

NYSE AMPY opened at $4.78 on Friday. Amplify Energy has a 1-year low of $3.65 and a 1-year high of $6.79. The company has a market capitalization of $197.97 million, a price-to-earnings ratio of 10.61 and a beta of -0.17. The stock's 50 day moving average is $4.09 and its two-hundred day moving average is $5.05.

Insiders Place Their Bets

In other news, insider James Frew acquired 25,000 shares of the company's stock in a transaction on Tuesday, June 23rd. The stock was purchased at an average cost of $3.95 per share, with a total value of $98,750.00. Following the acquisition, the insider owned 216,859 shares of the company's stock, valued at $856,593.05. This trade represents a 13.03% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 8.99% of the company's stock.

Institutional Investors Weigh In On Amplify Energy

Institutional investors have recently modified their holdings of the business. Strs Ohio acquired a new position in Amplify Energy in the first quarter valued at approximately $36,000. Hudson Bay Capital Management LP acquired a new stake in Amplify Energy during the 2nd quarter worth $38,000. Rockefeller Capital Management L.P. grew its holdings in Amplify Energy by 309.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 10,245 shares of the company's stock worth $47,000 after acquiring an additional 7,745 shares during the period. Banque Cantonale Vaudoise bought a new stake in shares of Amplify Energy during the 3rd quarter valued at $53,000. Finally, Focus Partners Wealth bought a new stake in shares of Amplify Energy during the 1st quarter valued at $54,000. Institutional investors and hedge funds own 42.84% of the company's stock.

Amplify Energy Company Profile

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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