Clint D. Coghill Purchases 117,420 Shares of Amplify Energy Corp. (NYSE:AMPY) Stock

Key Points

• Director Clint D. Coghill acquired 117,420 shares of Amplify Energy at an average cost of $3.69, increasing his total holdings to 3,271,767 shares.
• Amplify Energy's stock recently saw a 2.5% increase in trading, reaching $3.97, while it has a 12-month low of $2.27 and a high of $7.35.
• The company reported a net loss of ($0.10) earnings per share for the last quarter, missing the consensus estimate and highlighting challenges in its financial performance.

Amplify Energy Corp. (NYSE:AMPY - Get Free Report) Director Clint D. Coghill acquired 117,420 shares of Amplify Energy stock in a transaction on Tuesday, August 12th. The shares were purchased at an average cost of $3.69 per share, for a total transaction of $433,279.80. Following the acquisition, the director owned 3,271,767 shares in the company, valued at approximately $12,072,820.23. This represents a 3.72% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Amplify Energy Trading Up 2.5%

Shares of NYSE:AMPY traded up $0.10 during midday trading on Thursday, hitting $3.97. The company had a trading volume of 523,015 shares, compared to its average volume of 828,463. Amplify Energy Corp. has a 12 month low of $2.27 and a 12 month high of $7.35. 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 stock has a market cap of $160.46 million, a price-to-earnings ratio of 11.33 and a beta of 0.49. The firm has a fifty day simple moving average of $3.53 and a 200 day simple moving average of $3.62.

Amplify Energy (NYSE:AMPY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.10) earnings per share (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 company had revenue of $68.36 million during the quarter, compared to the consensus estimate of $68.51 million. On average, analysts predict that Amplify Energy Corp. will post 1.25 EPS for the current year.

Hedge Funds Weigh In On Amplify Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP grew its position in Amplify Energy by 144.2% in 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 in the last quarter. Invesco Ltd. bought a new position in shares of Amplify Energy in the fourth quarter valued at about $65,000. Barclays PLC grew its stake in shares of Amplify Energy by 13.1% in the fourth quarter. Barclays PLC now owns 58,975 shares of the company's stock valued at $353,000 after acquiring an additional 6,816 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Amplify Energy in the fourth quarter valued at about $141,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Amplify Energy by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,463,188 shares of the company's stock valued at $14,779,000 after acquiring an additional 88,707 shares in the last quarter. 42.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AMPY has been the topic of several research reports. Wall Street Zen downgraded Amplify Energy from a "hold" rating to a "sell" rating in a report on Friday, June 6th. Alliance Global Partners began coverage on shares of Amplify Energy in a report on Monday, June 30th. They set a "buy" rating and a $6.00 target price for the company. Finally, Benchmark reaffirmed a "buy" rating on shares of Amplify Energy in a report on Thursday, July 3rd.

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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