Amplify Energy (NYSE:AMPY) Stock Price Down 1.3% – Time to Sell?

by · The Markets Daily

Shares of Amplify Energy Corp. (NYSE:AMPY – Get Free Report) dropped 1.3% during trading on Wednesday . The company traded as low as $4.47 and last traded at $4.57. Approximately 646,158 shares changed hands during trading, an increase of 15% from the average daily volume of 564,191 shares. The stock had previously closed at $4.63.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Amplify Energy in a research report on Monday. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Amplify Energy currently has a consensus rating of “Hold” and an average target price of $8.50.

Get Our Latest Report on AMPY

Amplify Energy Stock Down 1.3%

The firm has a market cap of $184.99 million, a PE ratio of -6.44 and a beta of -0.09. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.02 and a quick ratio of 1.02. The business has a fifty day moving average price of $5.05 and a two-hundred day moving average price of $4.38.

Amplify Energy (NYSE:AMPY – Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.24). Amplify Energy had a negative return on equity of 0.40% and a negative net margin of 10.10%.The business had revenue of $66.40 million for the quarter, compared to analyst estimates of $67.70 million. On average, analysts anticipate that Amplify Energy Corp. will post 1.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AMPY. Farther Finance Advisors LLC lifted its position in Amplify Energy by 256.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 5,240 shares of the company’s stock worth $28,000 after buying an additional 3,768 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of Amplify Energy by 31.7% during the 1st quarter. MetLife Investment Management LLC now owns 21,035 shares of the company’s stock valued at $79,000 after acquiring an additional 5,063 shares in the last quarter. SummerHaven Investment Management LLC increased its stake in shares of Amplify Energy by 5.0% in the second quarter. SummerHaven Investment Management LLC now owns 120,602 shares of the company’s stock worth $386,000 after acquiring an additional 5,788 shares during the last quarter. First Trust Advisors LP increased its holdings in Amplify Energy by 5.1% in the second quarter. First Trust Advisors LP now owns 121,102 shares of the company’s stock worth $388,000 after buying an additional 5,869 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in Amplify Energy by 31.7% during the second quarter. Franklin Resources Inc. now owns 28,798 shares of the company’s stock valued at $92,000 after acquiring an additional 6,935 shares in the last quarter. Institutional investors and hedge funds own 42.84% of the company’s stock.

About Amplify Energy

(Get Free Report)

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.

Further Reading