Clint D. Coghill Buys 167,086 Shares of Amplify Energy Corp. (NYSE:AMPY) Stock

Key Points

• Clint D. Coghill, a director at Amplify Energy Corp., purchased 167,086 shares of the company's stock at an average price of $3.88 per share, bringing his total ownership to 3,438,853 shares.
• Amplify Energy's stock price increased to $3.97 following the purchase, with a market capitalization of approximately $160.46 million.
• The company reported a net loss of $0.10 EPS for the last quarter, falling short of analysts' expectations, with revenues slightly below consensus estimates.

Amplify Energy Corp. (NYSE:AMPY - Get Free Report) Director Clint D. Coghill acquired 167,086 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The stock was bought at an average cost of $3.88 per share, for a total transaction of $648,293.68. Following the completion of the purchase, the director directly owned 3,438,853 shares in the company, valued at $13,342,749.64. This represents a 5.11% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Amplify Energy Stock Performance

Shares of AMPY stock traded up $0.10 during trading on Thursday, reaching $3.97. The company had a trading volume of 523,015 shares, compared to its average volume of 828,463. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.84 and a quick ratio of 0.84. The firm's 50 day simple moving average is $3.53 and its two-hundred day simple moving average is $3.62. The company has a market capitalization of $160.46 million, a PE ratio of 11.33 and a beta of 0.49. Amplify Energy Corp. has a one year low of $2.27 and a one year high of $7.35.

Amplify Energy (NYSE:AMPY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.12). The business had revenue of $68.36 million during the quarter, compared to the consensus estimate of $68.51 million. Amplify Energy had a return on equity of 6.61% and a net margin of 5.64%. Sell-side analysts forecast that Amplify Energy Corp. will post 1.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMPY has been the topic of a number of recent analyst reports. Wall Street Zen downgraded Amplify Energy from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Alliance Global Partners initiated coverage on Amplify Energy in a research note on Monday, June 30th. They issued a "buy" rating and a $6.00 price objective on the stock. Finally, Benchmark reissued a "buy" rating on shares of Amplify Energy in a research note on Thursday, July 3rd.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AMPY. Wellington Management Group LLP increased its position in shares of Amplify Energy by 144.2% during the fourth quarter. Wellington Management Group LLP now owns 26,093 shares of the company's stock valued at $157,000 after purchasing an additional 15,406 shares during the period. Invesco Ltd. bought a new stake in shares of Amplify Energy during the fourth quarter valued at approximately $65,000. Barclays PLC increased its position in shares of Amplify Energy by 13.1% during the fourth quarter. Barclays PLC now owns 58,975 shares of the company's stock valued at $353,000 after purchasing an additional 6,816 shares during the period. Marshall Wace LLP bought a new stake in shares of Amplify Energy during the fourth quarter valued at approximately $141,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Amplify Energy by 3.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,463,188 shares of the company's stock valued at $14,779,000 after purchasing an additional 88,707 shares during the period. 42.84% of the stock is owned by 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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