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

Amplify Energy (NYSE:AMPY) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Separately, Weiss Ratings raised Amplify Energy from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $6.00.

Amplify Energy Trading Up 7.8%

Amplify Energy stock opened at $6.54 on Friday. Amplify Energy has a 1-year low of $2.27 and a 1-year high of $6.79. The company has a fifty day simple moving average of $5.21 and a 200 day simple moving average of $4.94. The company has a market cap of $269.63 million, a P/E ratio of 6.67 and a beta of -0.15.

Amplify Energy (NYSE:AMPY) last issued its quarterly earnings results on Monday, March 9th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.45). Amplify Energy had a negative return on equity of 4.10% and a net margin of 16.69%.The business had revenue of $56.55 million for the quarter, compared to the consensus estimate of $71.07 million. On average, equities research analysts forecast that Amplify Energy will post 1.25 EPS for the current year.

Institutional Trading of Amplify Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMPY. Farther Finance Advisors LLC lifted its stake in Amplify Energy by 256.0% in the third quarter. Farther Finance Advisors LLC now owns 5,240 shares of the company’s stock valued at $28,000 after acquiring an additional 3,768 shares during the last quarter. Strs Ohio acquired a new position in shares of Amplify Energy during the 1st quarter worth about $36,000. Hudson Bay Capital Management LP acquired a new position in shares of Amplify Energy during the 2nd quarter worth about $38,000. Kathmere Capital Management LLC bought a new stake in shares of Amplify Energy in the 4th quarter valued at about $48,000. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Amplify Energy in the 3rd quarter valued at about $53,000. 42.84% of the stock is owned by institutional investors.

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.