Insider Buying: Amplify Energy Corp. (NYSE:AMPY) Insider Acquires 15,000 Shares of Stock

Amplify Energy Corp. (NYSE:AMPY) insider James Frew purchased 15,000 shares of the stock in a transaction dated Friday, March 7th. The shares were acquired at an average price of $3.85 per share, for a total transaction 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 represents a 38.24 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Amplify Energy Price Performance

AMPY opened at $4.05 on Wednesday. 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 1 year low of $3.54 and a 1 year high of $8.15. The stock has a fifty day moving average price of $5.37 and a 200 day moving average price of $6.14. The stock has a market cap of $163.15 million, a price-to-earnings ratio of 2.63 and a beta of 1.88.

Amplify Energy (NYSE:AMPY) last announced its quarterly 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 firm had revenue of $69.02 million for the quarter, compared to analyst estimates of $76.04 million. Amplify Energy had a net margin of 20.99% and a return on equity of 16.22%. Analysts forecast that Amplify Energy Corp. will post 1.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

AMPY has been the subject of a number of research reports. Benchmark restated a “buy” rating and set a $11.00 price objective on shares of Amplify Energy in a research report on Thursday, January 16th. Alliance Global Partners restated a “buy” rating on shares of Amplify Energy in a report on Friday. Finally, Industrial Alliance Securities set a $8.50 price objective on shares of Amplify Energy in a research note on Friday.

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.