Short Interest in Amplify Energy Corp. (NYSE:AMPY) Expands By 13.5%

Amplify Energy Corp. (NYSE:AMPY) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 2,641,957 shares, a growth of 13.5% from the March 31st total of 2,327,142 shares. Currently, 7.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 944,466 shares, the days-to-cover ratio is currently 2.8 days.

Amplify Energy Trading Down 2.7%

Shares of NYSE AMPY traded down $0.18 on Friday, reaching $6.23. 638,977 shares of the company traded hands, compared to its average volume of 705,780. Amplify Energy has a fifty-two week low of $2.60 and a fifty-two week high of $6.79. The company has a 50 day moving average of $5.97 and a 200 day moving average of $5.30. The stock has a market capitalization of $257.01 million, a PE ratio of 6.35 and a beta of -0.13.

Amplify Energy (NYSE:AMPY) last posted 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 company had revenue of $56.55 million for the quarter, compared to analyst estimates of $71.07 million.

Analyst Ratings Changes

A number of equities research analysts have recently commented on AMPY shares. Wall Street Zen upgraded shares of Amplify Energy from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings upgraded shares of Amplify Energy from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, March 12th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $6.00.

Insider Activity

In other Amplify Energy news, Director Clint D. Coghill sold 501,279 shares of the firm’s stock in a transaction dated 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 sale, the director directly owned 2,746,836 shares of the company’s stock, valued at $17,634,687.12. This trade represents a 15.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders sold 1,000,000 shares of company stock worth $6,454,822. Insiders own 10.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Lakewood Asset Management LLC increased its stake in shares of Amplify Energy by 7.4% during the 4th quarter. Lakewood Asset Management LLC now owns 34,665 shares of the company’s stock valued at $158,000 after acquiring an additional 2,386 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Amplify Energy by 2.5% during the 4th quarter. First Trust Advisors LP now owns 108,768 shares of the company’s stock worth $497,000 after purchasing an additional 2,663 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Amplify Energy by 256.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,240 shares of the company’s stock worth $28,000 after purchasing an additional 3,768 shares during the period. Franklin Resources Inc. grew its holdings in shares of Amplify Energy by 31.7% during the 2nd quarter. Franklin Resources Inc. now owns 28,798 shares of the company’s stock worth $92,000 after purchasing an additional 6,935 shares during the period. Finally, XTX Topco Ltd grew its holdings in shares of Amplify Energy by 45.6% during the 4th quarter. XTX Topco Ltd now owns 22,992 shares of the company’s stock worth $105,000 after purchasing an additional 7,201 shares during the period. 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.