Amplify Energy (NYSE:AMPY) Earns Hold (C) Rating from Weiss Ratings

Amplify Energy (NYSE:AMPY)‘s stock had its “hold (c)” rating restated by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Thursday,Weiss Ratings reports.

Separately, Benchmark reaffirmed a “buy” rating on shares of Amplify Energy in a report on Thursday, July 3rd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $8.50.

Amplify Energy Price Performance

AMPY stock opened at $4.55 on Thursday. The company has a fifty day moving average price of $4.51 and a 200-day moving average price of $3.69. The company has a market capitalization of $183.92 million, a P/E ratio of 12.99 and a beta of 0.44. Amplify Energy has a 52-week low of $2.27 and a 52-week high of $7.23. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.84 and a current ratio of 0.84.

Amplify Energy (NYSE:AMPY) last released its quarterly earnings results on Wednesday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.12). The business had revenue of $68.36 million for the quarter, compared to the consensus estimate of $68.51 million. Amplify Energy had a net margin of 5.64% and a return on equity of 6.61%. As a group, equities analysts expect that Amplify Energy will post 1.25 EPS for the current year.

Insiders Place Their Bets

In other news, Director Clint D. Coghill acquired 65,494 shares of Amplify Energy stock in a transaction dated Thursday, August 14th. The shares were bought at an average cost of $3.89 per share, with a total value of $254,771.66. Following the purchase, the director owned 3,504,347 shares in the company, valued at $13,631,909.83. This trade represents a 1.90% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider James Frew acquired 25,000 shares of Amplify Energy stock in a transaction dated Tuesday, August 12th. The stock was purchased at an average cost of $3.70 per share, for a total transaction of $92,500.00. Following the completion of the purchase, the insider owned 129,222 shares in the company, valued at approximately $478,121.40. The trade was a 23.99% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders bought 425,000 shares of company stock worth $1,603,845. Insiders own 10.30% of the company’s stock.

Institutional Investors Weigh In On Amplify Energy

A number of institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC boosted its stake in shares of Amplify Energy by 256.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 5,240 shares of the company’s stock valued at $28,000 after purchasing an additional 3,768 shares during the last quarter. MetLife Investment Management LLC lifted its position 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 during the period. SummerHaven Investment Management LLC lifted its position in shares of Amplify Energy by 5.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 120,602 shares of the company’s stock valued at $386,000 after acquiring an additional 5,788 shares during the period. First Trust Advisors LP lifted its position in shares of Amplify Energy by 5.1% during the 2nd quarter. First Trust Advisors LP now owns 121,102 shares of the company’s stock valued at $388,000 after acquiring an additional 5,869 shares during the period. Finally, Franklin Resources Inc. lifted its position in shares of Amplify Energy by 31.7% during the 2nd 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 during the period. 42.84% of the stock is owned by institutional investors.

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.