Intrust Bank NA Sells 11,409 Shares of Amplify Energy Corp. (NYSE:AMPY)

Intrust Bank NA cut its position in Amplify Energy Corp. (NYSE:AMPY) by 23.7% during the 4th quarter, HoldingsChannel reports. The firm owned 36,746 shares of the company’s stock after selling 11,409 shares during the quarter. Intrust Bank NA’s holdings in Amplify Energy were worth $220,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP acquired a new stake in Amplify Energy during the 3rd quarter worth $43,000. Quest Partners LLC bought a new stake in shares of Amplify Energy in the third quarter worth about $45,000. EP Wealth Advisors LLC acquired a new stake in shares of Amplify Energy during the third quarter worth about $69,000. Wellington Management Group LLP bought a new position in shares of Amplify Energy during the 3rd quarter valued at about $70,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Amplify Energy in the 4th quarter valued at approximately $73,000. 42.84% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Todd R. Snyder purchased 25,000 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was purchased at an average cost of $3.83 per share, for a total transaction of $95,750.00. Following the completion of the purchase, the director now directly owns 108,416 shares in the company, valued at $415,233.28. This trade represents a 29.97 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Deborah G. Adams acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of $4.14 per share, for a total transaction of $41,400.00. Following the purchase, the director now owns 61,961 shares in the company, valued at approximately $256,518.54. This represents a 19.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 50,000 shares of company stock worth $194,900 in the last quarter. Corporate insiders own 1.96% of the company’s stock.

Wall Street Analyst Weigh In

AMPY has been the topic of several research analyst reports. Alliance Global Partners restated a “buy” rating on shares of Amplify Energy in a report on Friday, March 7th. Industrial Alliance Securities set a $8.50 price objective on shares of Amplify Energy in a research report on Friday, March 7th. Finally, Benchmark reiterated a “buy” rating and set a $11.00 target price on shares of Amplify Energy in a report on Thursday, January 16th.

Amplify Energy Price Performance

Shares of AMPY opened at $3.89 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.29. Amplify Energy Corp. has a twelve month low of $3.54 and a twelve month high of $8.15. The stock has a market capitalization of $156.69 million, a P/E ratio of 2.52 and a beta of 1.88. The company has a 50 day moving average of $4.77 and a 200-day moving average of $5.88.

Amplify Energy (NYSE:AMPY) last released its earnings results on Wednesday, March 5th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.17). Amplify Energy had a net margin of 20.99% and a return on equity of 16.22%. The business had revenue of $69.02 million during the quarter, compared to the consensus estimate of $76.04 million. As a group, equities research analysts forecast that Amplify Energy Corp. will post 1.25 EPS for the current fiscal year.

About Amplify Energy

Amplify Energy Corp., together with its subsidiaries, 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 Oklahoma, the Rockies, federal waters offshore Southern California, East Texas/North Louisiana, and Eagle Ford.