Insider Buying: Amplify Energy Corp. (NYSE:AMPY) Director Purchases 31,000 Shares of Stock

Amplify Energy Corp. (NYSE:AMPY - Get Free Report) Director Clint D. Coghill acquired 31,000 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were purchased at an average price of $3.40 per share, with a total value of $105,400.00. Following the completion of the acquisition, the director now owns 3,004,347 shares of the company's stock, valued at $10,214,779.80. This represents a 1.04% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Amplify Energy Stock Up 0.3%

Shares of NYSE:AMPY traded up $0.01 during midday trading on Friday, reaching $3.26. The company had a trading volume of 486,583 shares, compared to its average volume of 500,558. Amplify Energy Corp. has a 1-year low of $2.27 and a 1-year high of $8.15. The stock has a market cap of $131.50 million, a PE ratio of 2.12 and a beta of 0.37. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.29. The business's 50 day moving average price is $2.80 and its 200 day moving average price is $4.53.

Amplify Energy (NYSE:AMPY - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). Amplify Energy had a return on equity of 16.22% and a net margin of 20.99%. The firm had revenue of $72.05 million for the quarter, compared to analyst estimates of $73.87 million. Research analysts forecast that Amplify Energy Corp. will post 1.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wall Street Zen raised Amplify Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Industrial Alliance Securities set a $8.50 price objective on shares of Amplify Energy in a research report on Friday, March 7th. Finally, Alliance Global Partners reaffirmed a "buy" rating on shares of Amplify Energy in a research report on Friday, March 7th.

Institutional Investors Weigh In On Amplify Energy

A number of large investors have recently added to or reduced their stakes in AMPY. Rangeley Capital LLC bought a new position in Amplify Energy during the fourth quarter worth $8,154,000. Inlight Wealth Management LLC acquired a new stake in shares of Amplify Energy during the 4th quarter worth about $2,197,000. Segall Bryant & Hamill LLC bought a new stake in shares of Amplify Energy during the 4th quarter worth about $1,022,000. American Century Companies Inc. boosted its holdings in shares of Amplify Energy by 26.8% during the 4th quarter. American Century Companies Inc. now owns 1,085,645 shares of the company's stock worth $6,514,000 after buying an additional 229,608 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Amplify Energy by 3.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,463,188 shares of the company's stock valued at $14,779,000 after buying an additional 88,707 shares during the last quarter. Institutional investors own 42.84% of the company's stock.

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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