Amplify Energy Target of Unusually Large Options Trading (NYSE:AMPY)

Amplify Energy Corp. (NYSE:AMPY - Get Free Report) was the recipient of unusually large options trading on Friday. Stock investors purchased 8,939 call options on the stock. This is an increase of 1,145% compared to the average daily volume of 718 call options.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Amplify Energy news, Director Deborah G. Adams bought 10,000 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average cost of $4.14 per share, for a total transaction of $41,400.00. Following the completion of the purchase, the director now owns 61,961 shares of the company's stock, valued at $256,518.54. This trade represents a 19.25% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Clint D. Coghill bought 181,000 shares of the company's stock in a transaction that occurred on Wednesday, June 4th. The stock was acquired at an average price of $3.27 per share, with a total value of $591,870.00. Following the completion of the purchase, the director now directly owns 2,881,347 shares of the company's stock, valued at approximately $9,422,004.69. The trade was a 6.70% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 324,000 shares of company stock valued at $1,068,290. 1.96% of the stock is owned by insiders.

Institutional Investors Weigh In On Amplify Energy

Several large investors have recently modified their holdings of the stock. SG Americas Securities LLC grew its position in Amplify Energy by 34.8% during the fourth quarter. SG Americas Securities LLC now owns 18,274 shares of the company's stock valued at $110,000 after purchasing an additional 4,720 shares in the last quarter. Bleakley Financial Group LLC raised its position in Amplify Energy by 68.3% during the fourth quarter. Bleakley Financial Group LLC now owns 18,908 shares of the company's stock valued at $113,000 after acquiring an additional 7,671 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Amplify Energy by 5.1% in the fourth quarter. Empowered Funds LLC now owns 155,622 shares of the company's stock worth $934,000 after buying an additional 7,516 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Amplify Energy by 3.6% in the fourth quarter. Rhumbline Advisers now owns 102,030 shares of the company's stock worth $612,000 after buying an additional 3,580 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its position in Amplify Energy by 4.2% during the fourth quarter. Sanctuary Advisors LLC now owns 69,225 shares of the company's stock worth $415,000 after acquiring an additional 2,765 shares during the period. 42.84% of the stock is owned by institutional investors.

Amplify Energy Stock Performance

AMPY stock traded up $0.01 on Friday, reaching $3.26. The company's stock had a trading volume of 521,643 shares, compared to its average volume of 501,528. The firm has a fifty day moving average of $2.79 and a two-hundred day moving average of $4.51. 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 company has a market capitalization of $131.50 million, a P/E ratio of 2.12 and a beta of 0.37. Amplify Energy has a 52 week low of $2.27 and a 52 week high of $8.15.

Amplify Energy (NYSE:AMPY - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). Amplify Energy had a net margin of 20.99% and a return on equity of 16.22%. The firm had revenue of $72.05 million for the quarter, compared to the consensus estimate of $73.87 million. As a group, analysts predict that Amplify Energy will post 1.25 EPS for the current fiscal year.

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.