Insider Selling: Amplify Energy Corp. (NYSE:AMPY) Insider Sells 5,500 Shares of Stock

Amplify Energy Corp. (NYSE:AMPY - Get Free Report) insider Eric Edward Dulany sold 5,500 shares of Amplify Energy stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $3.65, for a total value of $20,075.00. Following the transaction, the insider now directly owns 29,117 shares of the company's stock, valued at $106,277.05. The trade was a 15.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Amplify Energy Stock Up 3.1%

Amplify Energy stock traded up $0.11 during mid-day trading on Thursday, reaching $3.47. 1,004,306 shares of the company were exchanged, compared to its average volume of 547,244. The business has a fifty day moving average of $2.99 and a 200 day moving average of $4.23. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.76 and a current ratio of 0.76. Amplify Energy Corp. has a 12-month low of $2.27 and a 12-month high of $8.15. The firm has a market cap of $139.78 million, a P/E ratio of 9.36 and a beta of 0.44.

Amplify Energy (NYSE:AMPY - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). Amplify Energy had a return on equity of 9.56% and a net margin of 5.67%. The business had revenue of $72.05 million during the quarter, compared to analyst estimates of $73.87 million. Research analysts anticipate that Amplify Energy Corp. will post 1.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Amplify Energy

Several large investors have recently bought and sold shares of AMPY. Strs Ohio purchased a new stake in Amplify Energy during the first quarter worth about $36,000. BNP Paribas Financial Markets bought a new stake in Amplify Energy in the fourth quarter valued at about $38,000. Caption Management LLC acquired a new stake in Amplify Energy in the fourth quarter worth $44,000. Focus Partners Wealth bought a new position in Amplify Energy in the 1st quarter worth approximately $54,000. Finally, Ancora Advisors LLC acquired a new stake in shares of Amplify Energy in the 1st quarter worth approximately $56,000. Hedge funds and other institutional investors own 42.84% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AMPY. Wall Street Zen lowered shares of Amplify Energy from a "hold" rating to a "sell" rating in a report on Friday, June 6th. Alliance Global Partners reaffirmed a "buy" rating on shares of Amplify Energy in a research report on Friday, March 7th. Finally, Industrial Alliance Securities set a $8.50 target price on Amplify Energy in a research report on Friday, March 7th.

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.