Amplify Energy (NYSE:AMPY) Stock Price Up 2.5% – Should You Buy?

Amplify Energy Corp. (NYSE:AMPY) shares traded up 2.5% during trading on Wednesday . The company traded as high as $4.95 and last traded at $4.7670. 547,677 shares changed hands during trading, an increase of 1% from the average session volume of 542,992 shares. The stock had previously closed at $4.65.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Amplify Energy in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $7.25.

Amplify Energy Stock Performance

The company has a fifty day moving average price of $4.99 and a two-hundred day moving average price of $4.51. The firm has a market cap of $192.97 million, a price-to-earnings ratio of -6.71 and a beta of -0.12. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.02 and a quick ratio of 1.02.

Amplify Energy (NYSE:AMPY) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $67.70 million. As a group, equities research analysts expect that Amplify Energy Corp. will post 1.25 EPS for the current year.

Institutional Trading of Amplify Energy

A number of large investors have recently added to or reduced their stakes in AMPY. Public Employees Retirement System of Ohio raised its holdings in Amplify Energy by 1,017.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 81,610 shares of the company’s stock worth $261,000 after buying an additional 74,310 shares during the period. Ethic Inc. increased its position in shares of Amplify Energy by 57.9% in the second quarter. Ethic Inc. now owns 213,622 shares of the company’s stock worth $711,000 after acquiring an additional 78,340 shares in the last quarter. Truffle Hound Capital LLC purchased a new position in shares of Amplify Energy in the second quarter worth approximately $2,560,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Amplify Energy by 178.8% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 73,341 shares of the company’s stock valued at $235,000 after acquiring an additional 47,034 shares during the period. Finally, RBF Capital LLC purchased a new stake in shares of Amplify Energy in the 2nd quarter valued at approximately $960,000. 42.84% of the stock is currently 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.