Amplify Energy Sees Unusually High Options Volume (NYSE:AMPY)

Amplify Energy Corp. (NYSE:AMPY - Get Free Report) was the target of some unusual options trading activity on Friday. Investors acquired 8,939 call options on the stock. This represents an increase of 1,145% compared to the average daily volume of 718 call options.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AMPY. Wall Street Zen lowered shares of Amplify Energy from a "hold" rating to a "sell" rating in a research report on Friday. Industrial Alliance Securities set a $8.50 price objective on shares of Amplify Energy in a research report on Friday, March 7th. Finally, Alliance Global Partners restated a "buy" rating on shares of Amplify Energy in a research report on Friday, March 7th.

Amplify Energy Stock Up 6.8%

AMPY traded up $0.22 during midday trading on Monday, hitting $3.47. 971,215 shares of the company's stock traded hands, compared to its average volume of 504,322. The company has a market cap of $139.97 million, a PE ratio of 2.25 and a beta of 0.44. The stock's fifty day simple moving average is $2.78 and its 200-day simple moving average is $4.45. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.06 and a quick ratio of 1.06. Amplify Energy has a one year low of $2.27 and a one year high of $8.15.

Amplify Energy (NYSE:AMPY - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.10 earnings per share 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 the consensus estimate of $73.87 million. Amplify Energy had a net margin of 20.99% and a return on equity of 16.22%. As a group, equities analysts anticipate that Amplify Energy will post 1.25 earnings per share for the current fiscal year.

Insider Activity at Amplify Energy

In other Amplify Energy news, Director Deborah G. Adams bought 10,000 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of $4.14 per share, with a total value of $41,400.00. Following the completion of the acquisition, the director now owns 61,961 shares of the company's stock, valued at approximately $256,518.54. This trade represents a 19.25% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Clint D. Coghill bought 181,000 shares of the company's stock in a transaction on Wednesday, June 4th. The shares were acquired at an average cost of $3.27 per share, for a total transaction of $591,870.00. Following the completion of the acquisition, the director now directly owns 2,881,347 shares of the company's stock, valued at $9,422,004.69. This trade represents a 6.70% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 324,000 shares of company stock valued at $1,068,290 over the last ninety days. Corporate insiders own 10.30% of the company's stock.

Hedge Funds Weigh In On Amplify Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rangeley Capital LLC acquired a new stake in shares of Amplify Energy in the fourth quarter worth $8,154,000. Inlight Wealth Management LLC acquired a new stake in shares of Amplify Energy in the fourth quarter worth $2,197,000. Acadian Asset Management LLC boosted its stake in Amplify Energy by 71.6% during the first quarter. Acadian Asset Management LLC now owns 639,998 shares of the company's stock worth $2,388,000 after buying an additional 266,947 shares in the last quarter. American Century Companies Inc. boosted its stake in Amplify Energy by 26.8% during the fourth quarter. American Century Companies Inc. now owns 1,085,645 shares of the company's stock worth $6,514,000 after buying an additional 229,608 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in Amplify Energy during the first quarter worth $649,000. Institutional investors and hedge funds own 42.84% of the company's stock.

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.