Insider Buying: Amplify Energy Corp. (NYSE:AMPY) Director Buys 92,000 Shares of Stock

Amplify Energy Corp. (NYSE:AMPY - Get Free Report) Director Clint D. Coghill purchased 92,000 shares of Amplify Energy stock in a transaction that occurred on Thursday, June 5th. The stock was acquired at an average price of $3.26 per share, with a total value of $299,920.00. Following the transaction, the director now owns 2,973,347 shares in the company, valued at $9,693,111.22. The trade was a 3.19% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Amplify Energy Stock Performance

Amplify Energy stock traded up $0.22 during trading hours on Monday, reaching $3.47. 971,215 shares of the stock were exchanged, compared to its average volume of 504,322. The stock has a market cap of $139.97 million, a P/E ratio of 2.25 and a beta of 0.44. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.06 and a current ratio of 1.06. Amplify Energy Corp. has a 52-week low of $2.27 and a 52-week high of $8.15. The firm's 50 day moving average is $2.78 and its 200 day moving average is $4.45.

Amplify Energy (NYSE:AMPY - Get Free Report) last announced its quarterly earnings data 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 return on equity of 16.22% and a net margin of 20.99%. Analysts predict that Amplify Energy Corp. will post 1.25 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the stock. Alliance Global Partners reiterated a "buy" rating on shares of Amplify Energy in a research report 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 downgraded shares of Amplify Energy from a "hold" rating to a "sell" rating in a research report on Friday.

Hedge Funds Weigh In On Amplify Energy

A number of large investors have recently bought and sold shares of the company. Rhumbline Advisers raised its position in Amplify Energy by 11.9% during the 1st quarter. Rhumbline Advisers now owns 114,161 shares of the company's stock worth $427,000 after buying an additional 12,131 shares during the last quarter. Strs Ohio purchased a new position in Amplify Energy during the 1st quarter worth $36,000. Acadian Asset Management LLC raised its position in Amplify Energy by 71.6% during the 1st quarter. Acadian Asset Management LLC now owns 639,998 shares of the company's stock worth $2,388,000 after buying an additional 266,947 shares during the last quarter. Focus Partners Wealth purchased a new position in Amplify Energy during the 1st quarter worth $54,000. Finally, Jane Street Group LLC raised its position in Amplify Energy by 14.6% during the 1st quarter. Jane Street Group LLC now owns 99,440 shares of the company's stock worth $372,000 after buying an additional 12,655 shares during the last quarter. Hedge funds and other 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.