Wall Street Zen Downgrades Amplify Energy (NYSE:AMPY) to Strong Sell

Amplify Energy (NYSE:AMPY) was downgraded by stock analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a research report issued on Saturday.

Separately, Weiss Ratings cut shares of Amplify Energy from a “hold (c)” rating to a “sell (d)” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Amplify Energy Trading Down 0.1%

AMPY opened at $4.03 on Friday. The firm has a market cap of $166.19 million, a price-to-earnings ratio of 20.12 and a beta of -0.17. Amplify Energy has a 12 month low of $3.41 and a 12 month high of $6.79. The stock has a fifty day moving average price of $4.10 and a 200-day moving average price of $5.06.

Amplify Energy (NYSE:AMPY) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.93) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.99). Amplify Energy had a net margin of 5.12% and a negative return on equity of 3.71%. The company had revenue of $37.46 million for the quarter, compared to the consensus estimate of $38.11 million.

Insider Buying and Selling

In other news, insider James Frew purchased 25,000 shares of the stock in a transaction on Tuesday, June 23rd. The stock was bought at an average price of $3.95 per share, with a total value of $98,750.00. Following the transaction, the insider owned 216,859 shares in the company, valued at $856,593.05. The trade was a 13.03% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.99% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. PW Advisors LLC FL acquired a new stake in shares of Amplify Energy during the second quarter worth about $274,000. Strs Ohio acquired a new position in Amplify Energy in the 1st quarter worth approximately $36,000. Banque Cantonale Vaudoise purchased a new position in Amplify Energy during the 3rd quarter worth approximately $53,000. Rockefeller Capital Management L.P. raised its position 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 buying an additional 7,745 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in Amplify Energy during the 3rd quarter valued at approximately $60,000. 42.84% of the stock is owned by institutional investors and hedge funds.

About Amplify Energy

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.