Amplify Energy Corp. (NYSE:AMPY) Director Clint D. Coghill Buys 181,000 Shares

Amplify Energy Corp. (NYSE:AMPY - Get Free Report) Director Clint D. Coghill bought 181,000 shares of the stock in a transaction on Wednesday, June 4th. The stock was acquired at an average cost of $3.27 per share, for a total transaction of $591,870.00. Following the acquisition, the director now directly owns 2,881,347 shares in the company, valued at approximately $9,422,004.69. The trade was a 6.70% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Amplify Energy Stock Performance

Shares of AMPY traded up $0.01 on Friday, reaching $3.26. 486,583 shares of the stock traded hands, compared to its average volume of 500,558. The stock's 50-day moving average price is $2.80 and its 200-day moving average price is $4.53. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $131.50 million, a price-to-earnings ratio of 2.12 and a beta of 0.37. Amplify Energy Corp. has a 12 month low of $2.27 and a 12 month high of $8.15.

Amplify Energy (NYSE:AMPY - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $73.87 million. Amplify Energy had a net margin of 20.99% and a return on equity of 16.22%. Equities analysts forecast that Amplify Energy Corp. will post 1.25 EPS for the current fiscal year.

Institutional Trading of Amplify Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Strs Ohio bought a new stake in Amplify Energy in the first quarter valued at $36,000. BNP Paribas Financial Markets acquired a new stake in shares of Amplify Energy in the 4th quarter valued at $38,000. Caption Management LLC bought a new stake in shares of Amplify Energy in the 4th quarter worth about $44,000. Focus Partners Wealth acquired a new stake in shares of Amplify Energy during the 1st quarter worth about $54,000. Finally, Ancora Advisors LLC acquired a new stake in shares of Amplify Energy during the 1st quarter worth about $56,000. Institutional investors own 42.84% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AMPY shares. Wall Street Zen raised Amplify Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Industrial Alliance Securities set a $8.50 price target on shares of Amplify Energy in a research report on Friday, March 7th. Finally, Alliance Global Partners reiterated a "buy" rating on shares of Amplify Energy in a research note on Friday, March 7th.

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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