Insider Buying: Amplify Energy Corp. (NYSE:AMPY) Director Buys 25,000 Shares of Stock

Amplify Energy Corp. (NYSE:AMPY - Get Free Report) Director Todd R. Snyder purchased 25,000 shares of the firm's stock in a transaction on Friday, March 7th. The stock was bought at an average cost of $3.83 per share, with a total value of $95,750.00. Following the acquisition, the director now owns 108,416 shares of the company's stock, valued at approximately $415,233.28. The trade was a 29.97 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Amplify Energy Stock Performance

NYSE:AMPY traded down $0.17 during mid-day trading on Thursday, hitting $3.75. The company's stock had a trading volume of 541,334 shares, compared to its average volume of 425,622. The business's fifty day moving average is $5.33 and its two-hundred day moving average is $6.12. The stock has a market cap of $151.05 million, a price-to-earnings ratio of 2.43 and a beta of 1.88. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.06 and a quick ratio of 1.06. Amplify Energy Corp. has a 1 year low of $3.54 and a 1 year high of $8.15.

Amplify Energy (NYSE:AMPY - Get Free Report) last issued its earnings results 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 return on equity of 16.22% and a net margin of 20.99%. The company had revenue of $69.02 million during the quarter, compared to analysts' expectations of $76.04 million. Analysts anticipate that Amplify Energy Corp. will post 1.25 EPS for the current fiscal year.

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Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Alliance Global Partners reiterated a "buy" rating on shares of Amplify Energy in a research note on Friday, March 7th. Benchmark reaffirmed a "buy" rating and set a $11.00 target price on shares of Amplify Energy in a report on Thursday, January 16th. Finally, Industrial Alliance Securities set a $8.50 price target on shares of Amplify Energy in a report on Friday, March 7th.

Hedge Funds Weigh In On Amplify Energy

Institutional investors have recently made changes to their positions in the company. Barclays PLC raised its holdings in Amplify Energy by 272.4% in the 3rd quarter. Barclays PLC now owns 52,159 shares of the company's stock worth $341,000 after purchasing an additional 38,151 shares during the period. Wellington Management Group LLP purchased a new stake in shares of Amplify Energy in the third quarter valued at approximately $70,000. Geode Capital Management LLC raised its stake in shares of Amplify Energy by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 883,676 shares of the company's stock worth $5,772,000 after buying an additional 29,988 shares during the period. Empowered Funds LLC lifted its position in shares of Amplify Energy by 5.1% during the 4th quarter. Empowered Funds LLC now owns 155,622 shares of the company's stock valued at $934,000 after buying an additional 7,516 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its stake in 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. 42.84% of the stock is owned by hedge funds and other institutional investors.

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.