Amplify Energy (OTCMKTS:AMPY) Shares Down 7.1%

Amplify Energy Corp (OTCMKTS:AMPY)’s stock price dropped 7.1% during mid-day trading on Thursday . The stock traded as low as $4.77 and last traded at $4.81, approximately 615,912 shares traded hands during mid-day trading. An increase of 149% from the average daily volume of 247,374 shares. The stock had previously closed at $5.18.

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

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 firm has a 50 day simple moving average of $5.12 and a 200-day simple moving average of $6.62. The stock has a market cap of $104.12 million, a P/E ratio of 7.91 and a beta of 0.64.

Amplify Energy (OTCMKTS:AMPY) last released its quarterly earnings data on Monday, August 5th. The company reported $0.80 earnings per share (EPS) for the quarter. The firm had revenue of $59.53 million for the quarter. Amplify Energy had a return on equity of 5.15% and a net margin of 6.27%.

An institutional investor recently bought a new position in Amplify Energy stock. Factorial Partners LLC bought a new position in shares of Amplify Energy Corp (OTCMKTS:AMPY) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 58,786 shares of the company’s stock, valued at approximately $328,000. Factorial Partners LLC owned 0.29% of Amplify Energy at the end of the most recent quarter. 0.27% of the stock is owned by institutional investors and hedge funds.

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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