Inlight Wealth Management LLC Takes Position in Amplify Energy Corp. (NYSE:AMPY)

Inlight Wealth Management LLC bought a new stake in shares of Amplify Energy Corp. (NYSE:AMPY - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 366,197 shares of the company's stock, valued at approximately $2,197,000. Amplify Energy comprises approximately 0.7% of Inlight Wealth Management LLC's holdings, making the stock its 29th largest position. Inlight Wealth Management LLC owned about 0.92% of Amplify Energy at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Invesco Ltd. bought a new stake in Amplify Energy during the 4th quarter worth approximately $65,000. EP Wealth Advisors LLC bought a new position in Amplify Energy in the 3rd quarter worth approximately $69,000. Wellington Management Group LLP bought a new stake in shares of Amplify Energy during the third quarter valued at approximately $70,000. Proficio Capital Partners LLC purchased a new position in Amplify Energy during the fourth quarter valued at $73,000. Finally, Quantinno Capital Management LP purchased a new stake in Amplify Energy in the 3rd quarter worth $76,000. 42.84% of the stock is currently owned by institutional investors.

Amplify Energy Trading Up 6.2 %

AMPY stock traded up $0.15 during midday trading on Wednesday, reaching $2.57. 374,980 shares of the company traded hands, compared to its average volume of 418,361. The firm has a market capitalization of $103.66 million, a price-to-earnings ratio of 1.67 and a beta of 1.33. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.06 and a current ratio of 1.06. The business has a 50 day moving average of $4.04 and a 200-day moving average of $5.53. Amplify Energy Corp. has a 52-week low of $2.27 and a 52-week high of $8.15.

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

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, Director Deborah G. Adams bought 10,000 shares of Amplify Energy stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of $4.14 per share, with a total value of $41,400.00. Following the completion of the transaction, the director now owns 61,961 shares in the company, valued at $256,518.54. The trade was a 19.25 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider James Frew purchased 15,000 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was purchased at an average price of $3.85 per share, with a total value of $57,750.00. Following the acquisition, the insider now directly owns 54,222 shares of the company's stock, valued at $208,754.70. This trade represents a 38.24 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 50,000 shares of company stock valued at $194,900 over the last 90 days. Insiders own 1.96% of the company's stock.

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.