Amplify Energy (NYSE:AMPY) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Amplify Energy (NYSE:AMPY) from a strong sell rating to a hold rating in a report released on Sunday.

Other equities analysts also recently issued reports about the company. Benchmark reduced their price target on Amplify Energy from $11.00 to $9.00 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. Weiss Ratings raised Amplify Energy from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $9.00.

Amplify Energy Stock Down 0.1%

NYSE:AMPY opened at $4.78 on Friday. Amplify Energy has a 52 week low of $3.65 and a 52 week high of $6.79. The firm has a 50 day moving average of $4.09 and a 200 day moving average of $5.05. The stock has a market capitalization of $197.97 million, a price-to-earnings ratio of 10.61 and a beta of -0.17.

Insider Activity

In related news, insider James Frew acquired 25,000 shares of the company’s stock in a transaction dated 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 completion of the acquisition, the insider directly 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.99% of the company’s stock.

Hedge Funds Weigh In On Amplify Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Live Oak Investment Partners purchased a new position in shares of Amplify Energy during the 2nd quarter valued at approximately $207,000. First Trust Advisors LP boosted its holdings in Amplify Energy by 2.5% during the fourth quarter. First Trust Advisors LP now owns 108,768 shares of the company’s stock worth $497,000 after buying an additional 2,663 shares in the last quarter. PW Advisors LLC FL acquired a new stake in Amplify Energy during the second quarter valued at $274,000. Franklin Resources Inc. grew its position in Amplify Energy by 31.7% during the second quarter. Franklin Resources Inc. now owns 28,798 shares of the company’s stock valued at $92,000 after buying an additional 6,935 shares during the period. Finally, XTX Topco Ltd increased its holdings in Amplify Energy by 45.6% in the fourth quarter. XTX Topco Ltd now owns 22,992 shares of the company’s stock valued at $105,000 after buying an additional 7,201 shares in the last quarter. Hedge funds and other institutional investors own 42.84% of the company’s stock.

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.