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

Amplify Energy Corp. (NYSE:AMPY - Get Free Report) Director Clint D. Coghill bought 92,000 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were purchased at an average cost of $3.26 per share, with a total value of $299,920.00. Following the acquisition, the director now directly owns 2,973,347 shares of the company's stock, valued at approximately $9,693,111.22. This trade represents a 3.19% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Amplify Energy Stock Performance

Shares of AMPY traded up $0.01 during mid-day trading on Friday, reaching $3.26. The company had a trading volume of 486,583 shares, compared to its average volume of 500,558. The stock has a market capitalization of $131.50 million, a P/E ratio of 2.12 and a beta of 0.37. Amplify Energy Corp. has a 52-week low of $2.27 and a 52-week high of $8.15. The stock has a 50 day moving average of $2.80 and a two-hundred day moving average of $4.53. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.29.

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

Hedge Funds Weigh In On Amplify Energy

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

Analysts Set New Price Targets

A number of research firms have issued reports on AMPY. Wall Street Zen raised shares of 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 note on Friday, March 7th. Finally, Alliance Global Partners reissued a "buy" rating on shares of Amplify Energy in a report on Friday, March 7th.

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.

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