Insider Selling: Amplify Energy Corp (NASDAQ:AMPY) Director Sells $46,024.84 in Stock

Amplify Energy Corp (NASDAQ:AMPY) Director Fir Tree Capital Management Lp sold 50,027 shares of the company’s stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $0.92, for a total transaction of $46,024.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Fir Tree Capital Management Lp also recently made the following trade(s):

  • On Tuesday, September 29th, Fir Tree Capital Management Lp sold 441,883 shares of Amplify Energy stock. The shares were sold at an average price of $0.97, for a total transaction of $428,626.51.

Shares of AMPY stock opened at $0.80 on Friday. Amplify Energy Corp has a one year low of $0.49 and a one year high of $7.91. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.02 and a current ratio of 1.02. The company has a 50 day moving average price of $0.90 and a 200 day moving average price of $1.19. The firm has a market capitalization of $30.00 million, a price-to-earnings ratio of 7.91 and a beta of 0.64.

Amplify Energy (NASDAQ:AMPY) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.59) EPS for the quarter, missing the consensus estimate of $0.23 by ($0.82). Amplify Energy had a return on equity of 5.15% and a net margin of 6.27%. The company had revenue of $35.17 million for the quarter, compared to analyst estimates of $33.10 million.

A number of hedge funds have recently modified their holdings of AMPY. Cambridge Investment Research Advisors Inc. acquired a new position in Amplify Energy during the second quarter worth approximately $407,000. Bridgeway Capital Management Inc. increased its position in shares of Amplify Energy by 88.2% in the second quarter. Bridgeway Capital Management Inc. now owns 643,400 shares of the company’s stock worth $791,000 after acquiring an additional 301,600 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Amplify Energy by 438.3% in the second quarter. Goldman Sachs Group Inc. now owns 256,684 shares of the company’s stock worth $316,000 after acquiring an additional 208,998 shares in the last quarter. FDx Advisors Inc. acquired a new stake in shares of Amplify Energy in the first quarter worth $13,290,000. Finally, WINTON GROUP Ltd increased its position in shares of Amplify Energy by 45.3% in the second quarter. WINTON GROUP Ltd now owns 257,408 shares of the company’s stock worth $317,000 after acquiring an additional 80,242 shares in the last quarter. 0.27% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on AMPY. Zacks Investment Research downgraded shares of Amplify Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 6th. Northland Securities downgraded shares of Amplify Energy to a “hold” rating in a research note on Thursday, August 6th.

About Amplify Energy

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.

Further Reading: CD Ladder

Insider Buying and Selling by Quarter for Amplify Energy (NASDAQ:AMPY)

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