Insider Selling: Amplify Energy Corp (OTCMKTS:AMPY) Major Shareholder Sells 10,000 Shares of Stock

Amplify Energy Corp (OTCMKTS:AMPY) major shareholder Brigade Capital Management, Lp sold 10,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $6.59, for a total transaction of $65,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Brigade Capital Management, Lp also recently made the following trade(s):

  • On Friday, November 8th, Brigade Capital Management, Lp sold 25,276 shares of Amplify Energy stock. The shares were sold at an average price of $6.56, for a total transaction of $165,810.56.

Shares of AMPY stock traded up $0.13 during trading hours on Tuesday, hitting $6.66. 225,900 shares of the company’s stock traded hands, compared to its average volume of 250,361. The stock’s 50 day simple moving average is $6.78 and its 200 day simple moving average is $6.22. The stock has a market cap of $134.94 million, a PE ratio of 7.91 and a beta of 0.64. Amplify Energy Corp has a 12 month low of $4.01 and a 12 month high of $13.23. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.71.

Separately, ValuEngine raised shares of Amplify Energy from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st.

Several hedge funds have recently added to or reduced their stakes in AMPY. Oppenheimer Asset Management Inc. acquired a new stake in shares of Amplify Energy during the third quarter worth $67,000. Meeder Asset Management Inc. acquired a new stake in Amplify Energy in the third quarter worth $99,000. Rhumbline Advisers acquired a new stake in Amplify Energy in the third quarter worth $138,000. Bailard Inc. acquired a new stake in Amplify Energy in the third quarter worth $145,000. Finally, Russell Investments Group Ltd. acquired a new stake in Amplify Energy in the third quarter worth $265,000. 0.27% of the stock is owned by hedge funds and other institutional investors.

Amplify Energy Company Profile

Amplify Energy Corp. 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 the Rockies, federal waters offshore Southern California, East Texas/North Louisiana, and South Texas.

See Also: G-20

Receive News & Ratings for Amplify Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amplify Energy and related companies with MarketBeat.com's FREE daily email newsletter.