Daniel Furbee Buys 10,000 Shares of Amplify Energy Corp. (NYSE:AMPY) Stock

Amplify Energy Corp. (NYSE:AMPY - Get Free Report) insider Daniel Furbee bought 10,000 shares of the business's stock in a transaction that occurred on Friday, May 30th. The shares were purchased at an average price of $2.97 per share, for a total transaction of $29,700.00. Following the completion of the purchase, the insider now directly owns 49,238 shares of the company's stock, valued at approximately $146,236.86. This trade represents a 25.49% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Amplify Energy Stock Performance

AMPY traded up $0.06 on Thursday, reaching $3.30. The company had a trading volume of 458,458 shares, compared to its average volume of 693,310. 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 Corp. has a 1 year low of $2.27 and a 1 year high of $8.15. The stock has a market capitalization of $133.11 million, a PE ratio of 2.14 and a beta of 0.37. The stock has a 50-day moving average price of $2.81 and a 200-day moving average price of $4.55.

Amplify Energy (NYSE:AMPY - Get Free Report) last posted its earnings results 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). The firm had revenue of $72.05 million during the quarter, compared to analysts' expectations of $73.87 million. Amplify Energy had a net margin of 20.99% and a return on equity of 16.22%. As a group, research analysts forecast that Amplify Energy Corp. will post 1.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AMPY. Wall Street Zen upgraded shares of Amplify Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Industrial Alliance Securities set a $8.50 target price on Amplify Energy in a research note on Friday, March 7th. Finally, Alliance Global Partners reaffirmed a "buy" rating on shares of Amplify Energy in a report on Friday, March 7th.

Institutional Investors Weigh In On Amplify Energy

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

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.