Amplify Energy Corp. (NYSE:AMPY) Director Clint D. Coghill Purchases 150,000 Shares

Amplify Energy Corp. (NYSE:AMPY - Get Free Report) Director Clint D. Coghill acquired 150,000 shares of the company's stock in a transaction that occurred on Friday, June 20th. The shares were bought at an average cost of $3.67 per share, for a total transaction of $550,500.00. Following the acquisition, the director now directly owns 3,154,347 shares in the company, valued at $11,576,453.49. This represents a 4.99% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Amplify Energy Stock Performance

Amplify Energy stock opened at $3.38 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.31. The firm has a market cap of $136.15 million, a P/E ratio of 9.12 and a beta of 0.44. Amplify Energy Corp. has a 1-year low of $2.27 and a 1-year high of $8.15. The firm has a 50-day moving average of $3.02 and a 200-day moving average of $4.19.

Amplify Energy (NYSE:AMPY - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). Amplify Energy had a return on equity of 9.56% and a net margin of 5.67%. The company had revenue of $72.05 million during the quarter, compared to the consensus estimate of $73.87 million. Sell-side analysts expect that Amplify Energy Corp. will post 1.25 EPS for the current year.

Institutional Trading of Amplify Energy

Several hedge funds and other institutional investors have recently made changes to their positions in AMPY. Dimensional Fund Advisors LP raised 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 worth $14,779,000 after purchasing an additional 88,707 shares during the last quarter. Rangeley Capital LLC purchased a new position in Amplify Energy in the 4th quarter worth about $8,154,000. Bridgeway Capital Management LLC lifted its stake in Amplify Energy by 0.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 1,345,622 shares of the company's stock valued at $8,074,000 after acquiring an additional 5,916 shares during the period. American Century Companies Inc. boosted its holdings in shares of Amplify Energy by 10.9% during the 1st quarter. American Century Companies Inc. now owns 1,204,368 shares of the company's stock valued at $4,504,000 after acquiring an additional 118,723 shares during the last quarter. Finally, Foundry Partners LLC grew its stake in shares of Amplify Energy by 10.5% in the first quarter. Foundry Partners LLC now owns 690,055 shares of the company's stock worth $2,581,000 after acquiring an additional 65,325 shares during the period. Hedge funds and other institutional investors own 42.84% of the company's stock.

Wall Street Analyst Weigh In

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

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.