Clint Coghill Sells 501,279 Shares of Amplify Energy (NYSE:AMPY) Stock

Amplify Energy Corp. (NYSE:AMPY) Director Clint Coghill sold 501,279 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $6.42, for a total transaction of $3,218,211.18. Following the transaction, the director owned 2,746,836 shares of the company’s stock, valued at approximately $17,634,687.12. The trade was a 15.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Amplify Energy Stock Down 1.6%

Amplify Energy stock traded down $0.10 during mid-day trading on Tuesday, reaching $6.18. The company had a trading volume of 1,267,289 shares, compared to its average volume of 841,537. Amplify Energy Corp. has a 52 week low of $2.27 and a 52 week high of $6.79. The company has a 50 day moving average of $5.25 and a 200-day moving average of $4.97. The firm has a market cap of $254.90 million, a price-to-earnings ratio of 6.30 and a beta of -0.15.

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on AMPY shares. Weiss Ratings raised Amplify Energy from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday. Wall Street Zen raised Amplify Energy from a “sell” rating to a “hold” rating in a report on Saturday. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $6.00.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AMPY. Thomist Capital Management LP grew its stake in shares of Amplify Energy by 109.8% in the 4th quarter. Thomist Capital Management LP now owns 3,147,130 shares of the company’s stock valued at $14,571,000 after purchasing an additional 1,647,130 shares during the period. Truffle Hound Capital LLC bought a new stake in Amplify Energy in the second quarter valued at $2,560,000. Marshall Wace LLP grew its position in Amplify Energy by 76.4% in the fourth quarter. Marshall Wace LLP now owns 954,725 shares of the company’s stock valued at $4,363,000 after acquiring an additional 413,512 shares during the period. Walleye Capital LLC raised its stake in Amplify Energy by 483.1% during the fourth quarter. Walleye Capital LLC now owns 462,247 shares of the company’s stock worth $2,112,000 after acquiring an additional 382,969 shares in the last quarter. Finally, RBF Capital LLC acquired a new position in Amplify Energy during the second quarter worth $960,000. Institutional investors and hedge funds own 42.84% of the company’s stock.

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.