Amplify Energy Corp. (NYSE:AMPY) Insider James Frew Purchases 25,000 Shares

Key Points

• James Frew, an insider at Amplify Energy Corp., purchased 25,000 shares at an average price of $3.70 each, totaling approximately $92,500, which increased his ownership by 23.99%.
• Amplify Energy reported a quarterly loss of ($0.10) EPS, missing analysts' expectations, and generated revenue of $68.36 million, slightly below estimates.
• Equities analysts have varied views on Amplify Energy, with some issuing a "buy" rating and others reducing their rating to "sell."

Amplify Energy Corp. (NYSE:AMPY - Get Free Report) insider James Frew acquired 25,000 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was bought at an average cost of $3.70 per share, with a total value of $92,500.00. Following the acquisition, the insider owned 129,222 shares in the company, valued at approximately $478,121.40. This trade represents a 23.99% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

James Frew also recently made the following trade(s):

• On Monday, August 11th, James Frew acquired 50,000 shares of Amplify Energy stock. The stock was bought at an average cost of $3.50 per share, with a total value of $175,000.00.

Amplify Energy Price Performance

NYSE:AMPY traded up $0.12 during trading hours on Wednesday, hitting $3.85. 557,809 shares of the stock were exchanged, compared to its average volume of 804,748. Amplify Energy Corp. has a 52-week low of $2.27 and a 52-week high of $7.35. The firm's fifty day moving average price is $3.50 and its 200 day moving average price is $3.63. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.32. The company has a market cap of $155.61 million, a P/E ratio of 10.99 and a beta of 0.49.

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Amplify Energy

Large investors have recently bought and sold shares of the company. Strs Ohio purchased a new stake in Amplify Energy during the 1st quarter worth approximately $36,000. BNP Paribas Financial Markets purchased a new stake in Amplify Energy during the 4th quarter worth approximately $38,000. Wagner Wealth Management LLC purchased a new stake in Amplify Energy during the 2nd quarter worth approximately $43,000. Caption Management LLC purchased a new stake in Amplify Energy during the 4th quarter worth approximately $44,000. Finally, Ground Swell Capital LLC purchased a new stake in shares of Amplify Energy in the second quarter valued at approximately $54,000. 42.84% of the stock is currently owned by hedge funds and other institutional investors.

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.

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