Insider Selling: Amplify Energy Corp. (NYSE:AMPY) Insider Sells $20,075.00 in Stock

Amplify Energy Corp. (NYSE:AMPY) insider Eric Edward Dulany sold 5,500 shares of the company’s stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $3.65, for a total value of $20,075.00. Following the transaction, the insider now directly owns 29,117 shares in the company, valued at approximately $106,277.05. This trade represents a 15.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Amplify Energy Stock Performance

Shares of AMPY opened at $3.37 on Thursday. The firm has a market capitalization of $135.95 million, a P/E ratio of 9.11 and a beta of 0.44. Amplify Energy Corp. has a 52 week low of $2.27 and a 52 week high of $8.15. The stock has a 50 day moving average price of $2.99 and a two-hundred day moving average price of $4.23. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.76 and a current ratio of 0.76.

Amplify Energy (NYSE:AMPY) last announced its earnings results on Monday, May 12th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). Amplify Energy had a net margin of 5.67% and a return on equity of 9.56%. The company had revenue of $72.05 million for the quarter, compared to analysts’ expectations of $73.87 million. Equities analysts forecast that Amplify Energy Corp. will post 1.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Amplify Energy

Several large investors have recently bought and sold shares of AMPY. Price T Rowe Associates Inc. MD grew its stake in shares of Amplify Energy by 18.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,929 shares of the company’s stock worth $90,000 after acquiring an additional 2,367 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in Amplify Energy by 4.2% during the fourth quarter. Sanctuary Advisors LLC now owns 69,225 shares of the company’s stock worth $415,000 after purchasing an additional 2,765 shares during the last quarter. Rhumbline Advisers grew its position in Amplify Energy by 3.6% in the 4th quarter. Rhumbline Advisers now owns 102,030 shares of the company’s stock worth $612,000 after purchasing an additional 3,580 shares in the last quarter. Brandywine Global Investment Management LLC increased its stake in Amplify Energy by 17.0% in the 4th quarter. Brandywine Global Investment Management LLC now owns 26,870 shares of the company’s stock valued at $161,000 after buying an additional 3,900 shares during the last quarter. Finally, MetLife Investment Management LLC increased its stake in Amplify Energy by 31.7% in the 1st quarter. MetLife Investment Management LLC now owns 21,035 shares of the company’s stock valued at $79,000 after buying an additional 5,063 shares during the last quarter. 42.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Alliance Global Partners reiterated a “buy” rating on shares of Amplify Energy in a report on Friday, March 7th. Wall Street Zen downgraded shares of Amplify Energy from a “hold” rating to a “sell” rating in a report on Friday, June 6th. Finally, Industrial Alliance Securities set a $8.50 price objective on shares of Amplify Energy in a report on Friday, March 7th.

Amplify Energy Company Profile

Amplify Energy Corp., together with its subsidiaries, engages in the acquisition, development, exploitation, and production of oil and natural gas properties in the United States. The company’s properties consist of operated and non-operated working interests in producing and undeveloped leasehold acreage, as well as working interests in identified producing wells located in Oklahoma, the Rockies, federal waters offshore Southern California, East Texas/North Louisiana, and Eagle Ford.