Amplify Energy Corp. (NYSE:AMPY) Director Todd R. Snyder Buys 25,000 Shares

Amplify Energy Corp. (NYSE:AMPY) Director Todd R. Snyder acquired 25,000 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was bought at an average price of $3.83 per share, with a total value of $95,750.00. Following the purchase, the director now directly owns 108,416 shares of the company’s stock, valued at $415,233.28. This represents a 29.97 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Amplify Energy Price Performance

Shares of AMPY opened at $3.78 on Monday. Amplify Energy Corp. has a fifty-two week low of $3.54 and a fifty-two week high of $8.15. The company has a market capitalization of $152.54 million, a price-to-earnings ratio of 2.46 and a beta of 1.88. The firm has a 50-day simple moving average of $5.45 and a 200-day simple moving average of $6.18. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.06 and a current ratio of 1.06.

Amplify Energy (NYSE:AMPY) last issued its earnings results on Wednesday, March 5th. The company reported $0.13 earnings per share (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 company had revenue of $69.02 million during the quarter, compared to analysts’ expectations of $76.04 million. On average, equities research analysts anticipate that Amplify Energy Corp. will post 1.25 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Benchmark restated a “buy” rating and issued a $11.00 price objective on shares of Amplify Energy in a research note on Thursday, January 16th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets purchased a new position in Amplify Energy in the fourth quarter valued at about $38,000. Quarry LP acquired a new stake in shares of Amplify Energy in the third quarter valued at approximately $43,000. Caption Management LLC acquired a new stake in shares of Amplify Energy in the fourth quarter valued at approximately $44,000. Quest Partners LLC acquired a new stake in shares of Amplify Energy in the third quarter valued at approximately $45,000. Finally, Invesco Ltd. acquired a new stake in shares of Amplify Energy in the fourth quarter valued at approximately $65,000. 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.