Stock Traders Purchase High Volume of Call Options on Amplify Energy (NYSE:AMPY)

Amplify Energy Corp. (NYSE:AMPY - Get Free Report) saw unusually large options trading on Monday. Traders purchased 5,022 call options on the stock. This represents an increase of 659% compared to the typical daily volume of 662 call options.

Insider Buying and Selling

In other Amplify Energy news, Director Todd R. Snyder bought 25,000 shares of the stock in a transaction on Friday, March 7th. The shares were bought at an average price of $3.83 per share, with a total value of $95,750.00. Following the purchase, the director now directly owns 108,416 shares in the company, valued at $415,233.28. This trade represents a 29.97 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider James Frew bought 15,000 shares of Amplify Energy stock in a transaction dated Friday, March 7th. The stock was acquired at an average price of $3.85 per share, with a total value of $57,750.00. Following the completion of the transaction, the insider now directly owns 54,222 shares of the company's stock, valued at approximately $208,754.70. The trade was a 38.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have bought 50,000 shares of company stock worth $194,900. Insiders own 1.96% of the company's stock.

Institutional Trading of Amplify Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD lifted its position in Amplify Energy by 18.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,929 shares of the company's stock valued at $90,000 after buying an additional 2,367 shares during the last quarter. Sanctuary Advisors LLC raised its stake in shares of Amplify Energy by 4.2% in the 4th quarter. Sanctuary Advisors LLC now owns 69,225 shares of the company's stock valued at $415,000 after acquiring an additional 2,765 shares during the period. Rhumbline Advisers lifted its holdings in shares of Amplify Energy by 3.6% in the 4th quarter. Rhumbline Advisers now owns 102,030 shares of the company's stock worth $612,000 after acquiring an additional 3,580 shares during the last quarter. Brandywine Global Investment Management LLC boosted its position in shares of Amplify Energy by 17.0% during the 4th quarter. Brandywine Global Investment Management LLC now owns 26,870 shares of the company's stock worth $161,000 after purchasing an additional 3,900 shares during the period. Finally, Exchange Traded Concepts LLC increased its holdings in Amplify Energy by 9.1% in the 4th quarter. Exchange Traded Concepts LLC now owns 50,414 shares of the company's stock valued at $302,000 after purchasing an additional 4,196 shares during the last quarter. 42.84% of the stock is owned by institutional investors and hedge funds.

Amplify Energy Trading Up 1.5 %

NYSE:AMPY traded up $0.04 on Friday, hitting $2.77. The stock had a trading volume of 794,392 shares, compared to its average volume of 475,720. The company has a fifty day moving average price of $3.37 and a two-hundred day moving average price of $5.15. Amplify Energy has a 1-year low of $2.27 and a 1-year high of $8.15. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.29. The stock has a market cap of $111.73 million, a price-to-earnings ratio of 1.80 and a beta of 1.33.

Amplify Energy (NYSE:AMPY - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.17). Amplify Energy had a net margin of 20.99% and a return on equity of 16.22%. The business had revenue of $69.02 million during the quarter, compared to analyst estimates of $76.04 million. Equities research analysts expect that Amplify Energy will post 1.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMPY has been the topic of several recent research reports. Alliance Global Partners restated a "buy" rating on shares of Amplify Energy in a report on Friday, March 7th. Industrial Alliance Securities set a $8.50 price objective on Amplify Energy in a research note on Friday, March 7th. Finally, Benchmark reaffirmed a "buy" rating and issued a $11.00 target price on shares of Amplify Energy in a research note on Thursday, January 16th.

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.