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

Amplify Energy Corp. (NYSE:AMPY - Get Free Report) was the recipient of some unusual options trading on Thursday. Traders bought 5,005 call options on the stock. This represents an increase of 901% compared to the average daily volume of 500 call options.

Insider Buying and Selling at Amplify Energy

In other Amplify Energy news, Director Todd R. Snyder acquired 25,000 shares of Amplify Energy stock in a transaction that occurred 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 completion of 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 acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Deborah G. Adams acquired 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average price of $4.14 per share, with a total value of $41,400.00. Following the completion of the acquisition, the director now directly owns 61,961 shares of the company's stock, valued at $256,518.54. This trade represents a 19.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders bought 50,000 shares of company stock worth $194,900. 1.96% of the stock is currently owned by insiders.

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Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Rangeley Capital LLC acquired a new stake in Amplify Energy in the fourth quarter worth $8,154,000. Inlight Wealth Management LLC acquired a new stake in shares of Amplify Energy in the 4th quarter valued at about $2,197,000. American Century Companies Inc. increased its position in Amplify Energy by 26.8% in the 4th quarter. American Century Companies Inc. now owns 1,085,645 shares of the company's stock valued at $6,514,000 after buying an additional 229,608 shares in the last quarter. Segall Bryant & Hamill LLC bought a new stake in Amplify Energy in the 4th quarter valued at about $1,022,000. Finally, Dimensional Fund Advisors LP raised its stake in Amplify Energy by 3.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,463,188 shares of the company's stock worth $14,779,000 after buying an additional 88,707 shares during the period. Institutional investors and hedge funds own 42.84% of the company's stock.

Amplify Energy Trading Down 10.9 %

Shares of AMPY stock traded down $0.36 during mid-day trading on Friday, hitting $2.91. The company's stock had a trading volume of 837,418 shares, compared to its average volume of 400,150. The company has a market cap of $117.17 million, a PE ratio of 1.89 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 company's fifty day simple moving average is $4.55 and its 200-day simple moving average is $5.78. Amplify Energy has a 52 week low of $2.76 and a 52 week 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 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.17). The business had revenue of $69.02 million during the quarter, compared to the consensus estimate of $76.04 million. Amplify Energy had a return on equity of 16.22% and a net margin of 20.99%. As a group, equities research analysts expect that Amplify Energy will post 1.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

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