Amplify Energy Corp. (NYSE:AMPY) Director Clint D. Coghill Purchases 31,000 Shares

Amplify Energy Corp. (NYSE:AMPY - Get Free Report) Director Clint D. Coghill acquired 31,000 shares of the company's stock in a transaction on Friday, June 6th. The stock was purchased at an average cost of $3.40 per share, for a total transaction of $105,400.00. Following the completion of the purchase, the director now directly owns 3,004,347 shares in the company, valued at $10,214,779.80. This trade represents a 1.04% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Amplify Energy Stock Performance

AMPY traded up $0.22 during trading on Monday, hitting $3.47. The stock had a trading volume of 971,215 shares, compared to its average volume of 504,322. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $139.97 million, a P/E ratio of 2.25 and a beta of 0.44. The company's 50-day moving average price is $2.78 and its 200 day moving average price is $4.45. Amplify Energy Corp. has a twelve month low of $2.27 and a twelve month high of $8.15.

Amplify Energy (NYSE:AMPY - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). The company had revenue of $72.05 million for the quarter, compared to analysts' expectations of $73.87 million. Amplify Energy had a return on equity of 16.22% and a net margin of 20.99%. On average, equities research analysts forecast that Amplify Energy Corp. will post 1.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Wall Street Zen cut shares of Amplify Energy from a "hold" rating to a "sell" rating in a research note on Friday. Alliance Global Partners reissued a "buy" rating on shares of Amplify Energy in a research note on Friday, March 7th. Finally, Industrial Alliance Securities set a $8.50 price objective on shares of Amplify Energy in a research note on Friday, March 7th.

Institutional Investors Weigh In On Amplify Energy

Institutional investors have recently made changes to their positions in the stock. Strs Ohio purchased a new stake in shares of Amplify Energy during the 1st quarter worth $36,000. BNP Paribas Financial Markets purchased a new stake in shares of Amplify Energy during the 4th quarter worth $38,000. Caption Management LLC purchased a new stake in shares of Amplify Energy during the 4th quarter worth $44,000. Focus Partners Wealth purchased a new stake in shares of Amplify Energy during the 1st quarter worth $54,000. Finally, Ancora Advisors LLC purchased a new stake in shares of Amplify Energy during the 1st quarter worth $56,000. 42.84% of the stock is currently owned by hedge funds and other institutional investors.

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.