Amplify Energy Corp. (NYSE:AMPY) Director Christopher W. Hamm Purchases 77,176 Shares

Amplify Energy Corp. (NYSE:AMPY - Get Free Report) Director Christopher W. Hamm purchased 77,176 shares of the stock in a transaction on Wednesday, June 18th. The shares were bought at an average cost of $3.67 per share, for a total transaction of $283,235.92. Following the transaction, the director now directly owns 244,547 shares in the company, valued at approximately $897,487.49. The trade was a 46.11% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Amplify Energy Stock Performance

Shares of AMPY stock traded down $0.07 during trading on Friday, reaching $3.65. 1,860,951 shares of the company's stock were exchanged, compared to its average volume of 534,427. Amplify Energy Corp. has a twelve month low of $2.27 and a twelve month high of $8.15. The firm's fifty day moving average price is $2.93 and its 200-day moving average price is $4.28. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $147.04 million, a PE ratio of 9.85 and a beta of 0.44.

Amplify Energy (NYSE:AMPY - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). The company had revenue of $72.05 million for the quarter, compared to the consensus estimate of $73.87 million. Amplify Energy had a return on equity of 9.56% and a net margin of 5.67%. As a group, sell-side analysts anticipate that Amplify Energy Corp. will post 1.25 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Amplify Energy by 3.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,463,188 shares of the company's stock worth $14,779,000 after acquiring an additional 88,707 shares during the period. Rangeley Capital LLC acquired a new stake in Amplify Energy during the 4th quarter worth approximately $8,154,000. Bridgeway Capital Management LLC lifted its holdings in Amplify Energy by 0.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 1,345,622 shares of the company's stock worth $8,074,000 after purchasing an additional 5,916 shares during the last quarter. American Century Companies Inc. boosted its stake in Amplify Energy by 10.9% in the 1st quarter. American Century Companies Inc. now owns 1,204,368 shares of the company's stock valued at $4,504,000 after purchasing an additional 118,723 shares during the period. Finally, Foundry Partners LLC grew its holdings in Amplify Energy by 10.5% in the 1st quarter. Foundry Partners LLC now owns 690,055 shares of the company's stock valued at $2,581,000 after buying an additional 65,325 shares in the last quarter. Institutional investors and hedge funds own 42.84% of the company's stock.

Wall Street Analysts Forecast Growth

AMPY has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of Amplify Energy from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Alliance Global Partners reaffirmed a "buy" rating on shares of Amplify Energy in a report on Friday, March 7th. Finally, Industrial Alliance Securities set a $8.50 price target on Amplify Energy in a report on Friday, March 7th.

Amplify Energy Company Profile

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.