Amplify Energy Corp. (NYSE:AMPY) Director Acquires $254,771.66 in Stock

Key Points

• Clint D. Coghill, a director at Amplify Energy Corp., purchased 65,494 shares at an average price of $3.89, totaling approximately $254,771.66, increasing his ownership by 1.90%.
• Amplify Energy's stock is currently trading at $3.97, reflecting a 2.5% increase during recent trading sessions, with a market cap of $160.46 million.
• The company reported a quarterly earnings loss of ($0.10) EPS, falling short of analyst expectations, and revenue was slightly below estimates at $68.36 million.

Amplify Energy Corp. (NYSE:AMPY - Get Free Report) Director Clint D. Coghill bought 65,494 shares of Amplify Energy stock in a transaction dated Thursday, August 14th. The stock was acquired at an average cost of $3.89 per share, for a total transaction of $254,771.66. Following the completion of the acquisition, the director directly owned 3,504,347 shares in the company, valued at $13,631,909.83. This represents a 1.90% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Amplify Energy Trading Up 2.5%

AMPY traded up $0.10 during trading on Thursday, reaching $3.97. 523,015 shares of the company's stock were exchanged, compared to its average volume of 828,463. The company's fifty day moving average price is $3.53 and its 200-day moving average price is $3.62. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.84 and a current ratio of 0.84. Amplify Energy Corp. has a fifty-two week low of $2.27 and a fifty-two week high of $7.35. The firm has a market capitalization of $160.46 million, a PE ratio of 11.33 and a beta of 0.49.

Amplify Energy (NYSE:AMPY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.12). The company had revenue of $68.36 million during the quarter, compared to the consensus estimate of $68.51 million. Amplify Energy had a net margin of 5.64% and a return on equity of 6.61%. As a group, equities analysts forecast that Amplify Energy Corp. will post 1.25 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on AMPY shares. Wall Street Zen cut shares of Amplify Energy from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. Benchmark restated a "buy" rating on shares of Amplify Energy in a research report on Thursday, July 3rd. Finally, Alliance Global Partners started coverage on shares of Amplify Energy in a research report on Monday, June 30th. They issued a "buy" rating and a $6.00 price objective for the company.

Hedge Funds Weigh In On Amplify Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new position in shares of Amplify Energy during the fourth quarter worth $38,000. Caption Management LLC bought a new position in shares of Amplify Energy during the fourth quarter worth $44,000. Strs Ohio bought a new position in shares of Amplify Energy during the first quarter worth $36,000. Invesco Ltd. bought a new position in shares of Amplify Energy during the fourth quarter worth $65,000. Finally, ProShare Advisors LLC bought a new position in shares of Amplify Energy during the fourth quarter worth $66,000. 42.84% of the stock is owned by institutional investors.

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.

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