Insider Buying: Amplify Energy Corp. (NYSE:AMPY) Director Purchases 181,000 Shares of Stock

Amplify Energy Corp. (NYSE:AMPY - Get Free Report) Director Clint D. Coghill acquired 181,000 shares of Amplify Energy stock in a transaction that occurred on Wednesday, June 4th. The shares were bought at an average price of $3.27 per share, for a total transaction of $591,870.00. Following the transaction, the director now owns 2,881,347 shares of the company's stock, valued at $9,422,004.69. This represents a 6.70% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Amplify Energy Stock Up 6.8%

NYSE AMPY traded up $0.22 during trading hours on Monday, hitting $3.47. 971,215 shares of the company were exchanged, compared to its average volume of 504,322. The company has a 50 day moving average of $2.78 and a two-hundred day moving average of $4.45. The firm has a market cap of $139.97 million, a price-to-earnings ratio of 2.25 and a beta of 0.44. Amplify Energy Corp. has a 52-week low of $2.27 and a 52-week high of $8.15. 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 (NYSE:AMPY - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). The business had revenue of $72.05 million for the quarter, compared to analyst estimates of $73.87 million. Amplify Energy had a return on equity of 16.22% and a net margin of 20.99%. Equities research analysts anticipate that Amplify Energy Corp. will post 1.25 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Wall Street Zen downgraded Amplify Energy from a "hold" rating to a "sell" rating in a report on Friday. Alliance Global Partners reiterated a "buy" rating on shares of Amplify Energy in a report on Friday, March 7th. Finally, Industrial Alliance Securities set a $8.50 price objective on Amplify Energy in a report on Friday, March 7th.

Institutional Trading of Amplify Energy

A number of large investors have recently made changes to their positions in AMPY. Rangeley Capital LLC acquired a new stake in shares of Amplify Energy in the 4th quarter valued at about $8,154,000. Inlight Wealth Management LLC acquired a new stake in shares of Amplify Energy in the 4th quarter valued at about $2,197,000. Acadian Asset Management LLC boosted its position in shares of Amplify Energy by 71.6% in the 1st quarter. Acadian Asset Management LLC now owns 639,998 shares of the company's stock valued at $2,388,000 after purchasing an additional 266,947 shares during the period. American Century Companies Inc. boosted its position in shares of Amplify Energy by 26.8% in the 4th quarter. American Century Companies Inc. now owns 1,085,645 shares of the company's stock valued at $6,514,000 after purchasing an additional 229,608 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Amplify Energy in the 1st quarter valued at about $649,000. 42.84% of the stock is owned by institutional investors and hedge funds.

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.