Amplify Energy (NYSE:AMPY) Releases Earnings Results, Misses Estimates By $0.12 EPS

Amplify Energy (NYSE:AMPY) announced its quarterly earnings data on Monday. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.12), Zacks reports. The business had revenue of $52.69 million for the quarter, compared to the consensus estimate of $43.61 million. Amplify Energy had a negative return on equity of 3.71% and a net margin of 5.12%.

Amplify Energy Stock Up 3.5%

Shares of Amplify Energy stock opened at $4.17 on Tuesday. The stock has a market cap of $172.18 million, a price-to-earnings ratio of 20.85 and a beta of -0.17. Amplify Energy has a twelve month low of $3.47 and a twelve month high of $6.79. The company’s fifty day moving average is $4.09 and its 200 day moving average is $5.05.

Wall Street Analyst Weigh In

Several brokerages have commented on AMPY. Wall Street Zen downgraded Amplify Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday. Weiss Ratings cut shares of Amplify Energy from a “hold (c)” rating to a “sell (d)” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Insider Transactions at Amplify Energy

In related news, insider James Frew bought 25,000 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were purchased at an average cost of $3.95 per share, with a total value of $98,750.00. Following the acquisition, the insider owned 216,859 shares of the company’s stock, valued at $856,593.05. This represents a 13.03% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.99% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Amplify Energy

Large investors have recently modified their holdings of the company. Invesco Ltd. lifted its holdings in Amplify Energy by 125.6% in the first quarter. Invesco Ltd. now owns 24,524 shares of the company’s stock valued at $92,000 after buying an additional 13,654 shares during the period. AQR Capital Management LLC raised its position in shares of Amplify Energy by 38.4% in the 1st quarter. AQR Capital Management LLC now owns 393,489 shares of the company’s stock worth $1,472,000 after acquiring an additional 109,187 shares in the last quarter. Empowered Funds LLC raised its position in shares of Amplify Energy by 8.7% in the 1st quarter. Empowered Funds LLC now owns 169,229 shares of the company’s stock worth $633,000 after acquiring an additional 13,607 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Amplify Energy by 14.6% in the 1st quarter. Jane Street Group LLC now owns 99,440 shares of the company’s stock valued at $372,000 after purchasing an additional 12,655 shares during the period. Finally, Focus Partners Wealth acquired a new position in shares of Amplify Energy in the 1st quarter valued at about $54,000. 42.84% of the stock is currently owned by institutional investors and hedge funds.

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.