James Frew Acquires 50,000 Shares of Amplify Energy Corp. (NYSE:AMPY) Stock

Key Points

• James Frew, an insider at Amplify Energy Corp., purchased 50,000 shares of the company stock at an average price of $3.50 per share, increasing his total holdings by 92.21% to 104,222 shares.
• Amplify Energy's stock price rose 3.1% to $3.85 during trading, with a market capitalization of $155.61 million and a P/E ratio of 10.99.
• The company recently reported earnings of ($0.10) per share, missing analyst expectations, with revenue of $68.36 million, which was also below the projected $68.51 million.

Amplify Energy Corp. (NYSE:AMPY - Get Free Report) insider James Frew bought 50,000 shares of Amplify Energy stock in a transaction dated Monday, August 11th. The shares were bought at an average cost of $3.50 per share, for a total transaction of $175,000.00. Following the completion of the transaction, the insider owned 104,222 shares of the company's stock, valued at approximately $364,777. This trade represents a 92.21% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

James Frew also recently made the following trade(s):

• On Tuesday, August 12th, James Frew bought 25,000 shares of Amplify Energy stock. The shares were bought at an average cost of $3.70 per share, for a total transaction of $92,500.00.

Amplify Energy Stock Up 3.1%

AMPY stock traded up $0.12 during trading on Wednesday, hitting $3.85. 557,809 shares of the company's stock traded hands, compared to its average volume of 804,748. The firm has a market capitalization of $155.61 million, a P/E ratio of 10.99 and a beta of 0.49. The business has a fifty day simple moving average of $3.50 and a two-hundred day simple moving average of $3.63. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.32. Amplify Energy Corp. has a 1 year low of $2.27 and a 1 year high of $7.35.

Amplify Energy (NYSE:AMPY - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.12). The firm had revenue of $68.36 million during the quarter, compared to analyst estimates of $68.51 million. Amplify Energy had a net margin of 5.64% and a return on equity of 6.61%. Sell-side analysts anticipate that Amplify Energy Corp. will post 1.25 EPS for the current year.

Institutional Investors Weigh In On Amplify Energy

Several institutional investors have recently bought and sold shares of the company. XTX Topco Ltd acquired a new stake in Amplify Energy in the second quarter valued at approximately $256,000. American Century Companies Inc. lifted its stake in shares of Amplify Energy by 9.0% during the second quarter. American Century Companies Inc. now owns 1,313,218 shares of the company's stock worth $4,202,000 after buying an additional 108,850 shares during the period. Franklin Resources Inc. lifted its stake in shares of Amplify Energy by 31.7% during the second quarter. Franklin Resources Inc. now owns 28,798 shares of the company's stock worth $92,000 after buying an additional 6,935 shares during the period. Catalyst Funds Management Pty Ltd acquired a new stake in shares of Amplify Energy during the second quarter worth $59,000. Finally, Truffle Hound Capital LLC acquired a new stake in shares of Amplify Energy during the second quarter worth $2,560,000. 42.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AMPY. Benchmark reissued a "buy" rating on shares of Amplify Energy in a report on Thursday, July 3rd. Alliance Global Partners began coverage on shares of Amplify Energy in a report on Monday, June 30th. They set a "buy" rating and a $6.00 price objective on the stock. Finally, Wall Street Zen lowered shares of Amplify Energy from a "hold" rating to a "sell" rating in a report on Friday, June 6th.

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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