Amplify Energy (NYSE:AMPY) Director Clint Coghill Sells 242,489 Shares of Stock

Amplify Energy Corp. (NYSE:AMPY) Director Clint Coghill sold 242,489 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $6.31, for a total transaction of $1,530,105.59. Following the sale, the director owned 2,504,347 shares in the company, valued at $15,802,429.57. The trade was a 8.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Amplify Energy Stock Down 1.6%

Amplify Energy stock traded down $0.10 during trading on Tuesday, reaching $6.18. The stock 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 business has a 50 day moving average price of $5.25 and a 200 day moving average price of $4.97. The stock has a market cap of $254.90 million, a PE ratio of 6.30 and a beta of -0.15.

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

Analysts Set New Price Targets

A number of research firms have weighed in on AMPY. Weiss Ratings upgraded Amplify Energy from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday. Wall Street Zen upgraded Amplify Energy from a “sell” rating to a “hold” rating in a report on Saturday. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $6.00.

Institutional Trading of Amplify Energy

Several institutional investors and hedge funds have recently made changes to their positions in the company. Truffle Hound Capital LLC acquired a new stake in shares of Amplify Energy in the 2nd quarter valued at about $2,560,000. Connor Clark & Lunn Investment Management Ltd. increased its position in 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 worth $235,000 after buying an additional 47,034 shares during the period. RBF Capital LLC acquired a new position in Amplify Energy during the second quarter worth approximately $960,000. American Century Companies Inc. lifted its stake in Amplify Energy by 9.0% in the second quarter. American Century Companies Inc. now owns 1,313,218 shares of the company’s stock valued at $4,202,000 after buying an additional 108,850 shares during the last quarter. Finally, Catalyst Funds Management Pty Ltd purchased a new stake in Amplify Energy in the second quarter valued at approximately $59,000. 42.84% of the stock is owned by hedge funds and other institutional investors.

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.