Insider Buying: Amplify Energy Corp. (NYSE:AMPY) Insider Acquires $57,750.00 in Stock

Amplify Energy Corp. (NYSE:AMPY) insider James Frew bought 15,000 shares of the business’s stock in a transaction on Friday, March 7th. The stock was bought at an average cost of $3.85 per share, with a total value of $57,750.00. Following the completion of the purchase, the insider now directly owns 54,222 shares in the company, valued at approximately $208,754.70. The trade was a 38.24 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Amplify Energy Stock Performance

Shares of Amplify Energy stock opened at $3.92 on Thursday. The business has a 50-day moving average of $5.33 and a 200 day moving average of $6.12. Amplify Energy Corp. has a 12 month low of $3.54 and a 12 month high of $8.15. The stock has a market capitalization of $157.90 million, a price-to-earnings ratio of 2.54 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 (NYSE:AMPY) last announced 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 net margin of 20.99% and a return on equity of 16.22%. The firm had revenue of $69.02 million for the quarter, compared to analysts’ expectations of $76.04 million. As a group, sell-side analysts forecast that Amplify Energy Corp. will post 1.25 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Amplify Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its holdings in Amplify Energy by 18.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,929 shares of the company’s stock valued at $90,000 after acquiring an additional 2,367 shares during the period. Sanctuary Advisors LLC boosted its stake in shares of 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 buying an additional 2,765 shares during the period. Rhumbline Advisers boosted its stake in shares of Amplify Energy by 3.6% in the 4th quarter. Rhumbline Advisers now owns 102,030 shares of the company’s stock valued at $612,000 after buying an additional 3,580 shares during the period. Brandywine Global Investment Management LLC boosted its stake in shares of Amplify Energy by 17.0% in the 4th quarter. Brandywine Global Investment Management LLC now owns 26,870 shares of the company’s stock valued at $161,000 after buying an additional 3,900 shares during the period. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Amplify Energy by 9.1% in the 4th quarter. Exchange Traded Concepts LLC now owns 50,414 shares of the company’s stock valued at $302,000 after buying an additional 4,196 shares during the period. 42.84% of the stock is currently owned by hedge funds and other institutional investors.

About Amplify Energy

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.