Amplify Energy Corp (OTCMKTS:AMPY) shares fell 7.1% during mid-day trading on Thursday . The company traded as low as $4.77 and last traded at $4.81, 615,912 shares were traded during trading. An increase of 149% from the average session volume of 247,374 shares. The stock had previously closed at $5.18.
Separately, ValuEngine upgraded shares of Amplify Energy from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st.
The firm has a market capitalization of $98.60 million, a PE ratio of 7.91 and a beta of 0.64. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.71. The business’s fifty day moving average price is $5.13 and its 200 day moving average price is $6.63.
Amplify Energy (OTCMKTS:AMPY) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.80 EPS for the quarter. The business had revenue of $59.53 million during the quarter. Amplify Energy had a net margin of 6.27% and a return on equity of 5.15%.
An institutional investor recently bought a new position in Amplify Energy stock. Factorial Partners LLC purchased a new position in shares of Amplify Energy Corp (OTCMKTS:AMPY) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 58,786 shares of the company’s stock, valued at approximately $328,000. Factorial Partners LLC owned approximately 0.29% of Amplify Energy at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.27% of the company’s stock.
Amplify Energy Company Profile (OTCMKTS:AMPY)
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.
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