Insider Buying: Amplify Energy Corp. (NYSE:AMPY) Director Acquires 150,000 Shares of Stock

Amplify Energy Corp. (NYSE:AMPY - Get Free Report) Director Clint D. Coghill purchased 150,000 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were bought at an average price of $3.67 per share, with a total value of $550,500.00. Following the purchase, the director now owns 3,154,347 shares in the company, valued at $11,576,453.49. The trade was a 4.99% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Amplify Energy Price Performance

Shares of AMPY stock traded down $0.30 during trading hours on Tuesday, reaching $3.19. The stock had a trading volume of 1,125,097 shares, compared to its average volume of 542,191. The stock's fifty day simple moving average is $2.96 and its 200 day simple moving average is $4.24. The firm has a market capitalization of $128.56 million, a PE ratio of 8.61 and a beta of 0.44. Amplify Energy Corp. has a 12 month low of $2.27 and a 12 month high of $8.15. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.31.

Amplify Energy (NYSE:AMPY - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). The firm had revenue of $72.05 million for the quarter, compared to analysts' expectations of $73.87 million. Amplify Energy had a net margin of 5.67% and a return on equity of 9.56%. On average, equities research analysts predict that Amplify Energy Corp. will post 1.25 EPS for the current year.

Hedge Funds Weigh In On Amplify Energy

Institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers boosted its position in shares of Amplify Energy by 3.6% during the 4th quarter. Rhumbline Advisers now owns 102,030 shares of the company's stock valued at $612,000 after acquiring an additional 3,580 shares during the last quarter. Sanctuary Advisors LLC lifted 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 valued at $415,000 after purchasing an additional 2,765 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Amplify Energy in the 4th quarter worth approximately $73,000. Intech Investment Management LLC bought a new position in shares of Amplify Energy in the 4th quarter worth $117,000. Finally, Virtu Financial LLC purchased a new stake in shares of Amplify Energy during the 4th quarter valued at $76,000. 42.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AMPY. Alliance Global Partners restated a "buy" rating on shares of Amplify Energy in a research note on Friday, March 7th. Industrial Alliance Securities set a $8.50 price target on shares of Amplify Energy in a research report on Friday, March 7th. Finally, Wall Street Zen cut shares of Amplify Energy from a "hold" rating to a "sell" rating in a report on Friday, June 6th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.