Amplify Energy Corp. (NYSE:AMPY) Insider Buys 15,000 Shares

Amplify Energy Corp. (NYSE:AMPY - Get Free Report) insider James Frew acquired 15,000 shares of the stock in a transaction on Friday, March 7th. The stock was bought at an average price of $3.85 per share, with a total value of $57,750.00. Following the transaction, the insider now directly owns 54,222 shares in the company, valued at approximately $208,754.70. This represents a 38.24 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Amplify Energy Trading Down 4.2 %

Shares of NYSE:AMPY traded down $0.17 during midday trading on Thursday, hitting $3.75. The company had a trading volume of 541,334 shares, compared to its average volume of 425,622. The firm has a fifty day simple moving average of $5.33 and a 200 day simple moving average of $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 current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.29. Amplify Energy Corp. has a 12 month low of $3.54 and a 12 month high of $8.15.

Amplify Energy (NYSE:AMPY - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.17). The company had revenue of $69.02 million for the quarter, compared to analyst estimates of $76.04 million. Amplify Energy had a return on equity of 16.22% and a net margin of 20.99%. On average, analysts predict that Amplify Energy Corp. will post 1.25 EPS for the current year.

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Institutional Investors Weigh In On Amplify Energy

Large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new position in shares of Amplify Energy in the 4th quarter valued at $38,000. Quarry LP bought a new position in Amplify Energy during the third quarter worth about $43,000. Quest Partners LLC acquired a new position in Amplify Energy in the third quarter valued at about $45,000. Caption Management LLC bought a new stake in shares of Amplify Energy in the fourth quarter worth about $44,000. Finally, Creative Planning acquired a new stake in shares of Amplify Energy during the third quarter worth about $67,000. Institutional investors own 42.84% of the company's stock.

Analyst Upgrades and Downgrades

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

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.