Amplify Energy Corp. $AMPY Shares Bought by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its holdings in Amplify Energy Corp. by 10.9%, owning approximately 2.99% of the company worth $4.50 million as of the end of the first quarter.
• Amplify Energy received mixed analyst ratings, with a consensus rating of "Buy" and a price target of $8.50, though it was recently downgraded to "sell" by Wall Street Zen.
• Insider transactions have been active, with directors purchasing a total of 956,176 shares valued at around $3.43 million in the last three months, indicating confidence in the company's growth.

American Century Companies Inc. raised its position in Amplify Energy Corp. (NYSE:AMPY - Free Report) by 10.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,204,368 shares of the company's stock after purchasing an additional 118,723 shares during the quarter. American Century Companies Inc. owned 2.99% of Amplify Energy worth $4,504,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its position in Amplify Energy by 18.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,929 shares of the company's stock valued at $90,000 after purchasing an additional 2,367 shares during the period. Bridgeway Capital Management LLC raised its position in Amplify Energy by 0.4% in the fourth quarter. Bridgeway Capital Management LLC now owns 1,345,622 shares of the company's stock valued at $8,074,000 after purchasing an additional 5,916 shares during the period. BNP Paribas Financial Markets purchased a new stake in Amplify Energy in the fourth quarter valued at approximately $38,000. Barclays PLC raised its position in 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 purchasing an additional 6,816 shares during the period. Finally, Caption Management LLC purchased a new stake in Amplify Energy in the fourth quarter valued at approximately $44,000. Hedge funds and other institutional investors own 42.84% of the company's stock.

Amplify Energy Stock Up 2.6%

Shares of AMPY stock traded up $0.11 on Tuesday, reaching $4.18. 341,792 shares of the stock were exchanged, compared to its average volume of 784,614. 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 business's 50 day moving average price is $3.65 and its 200 day moving average price is $3.49. The company has a market capitalization of $168.96 million, a price-to-earnings ratio of 11.93 and a beta of 0.52. Amplify Energy Corp. has a twelve month low of $2.27 and a twelve month high of $7.35.

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

Insider Buying and Selling

In other news, Director Christopher W. Hamm bought 77,176 shares of the stock in a transaction that occurred on Wednesday, June 18th. The stock was purchased at an average price of $3.67 per share, for a total transaction of $283,235.92. Following the completion of the purchase, the director owned 244,547 shares in the company, valued at approximately $897,487.49. This trade represents a 46.11% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James Frew acquired 50,000 shares of the firm's stock in a transaction on Monday, August 11th. The stock was bought at an average price of $3.50 per share, with a total value of $175,000.00. Following the purchase, the insider directly owned 104,222 shares of the company's stock, valued at $364,777. This represents a 92.21% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 956,176 shares of company stock worth $3,434,771. Corporate insiders own 10.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on AMPY shares. Alliance Global Partners started coverage on Amplify Energy in a research report on Monday, June 30th. They issued a "buy" rating and a $6.00 target price on the stock. Benchmark reaffirmed a "buy" rating on shares of Amplify Energy in a research report on Thursday, July 3rd. Finally, Wall Street Zen lowered Amplify Energy from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Amplify Energy currently has a consensus rating of "Buy" and an average target price of $8.50.

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.