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

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

Amplify Energy Stock Down 0.7 %

Shares of NYSE:AMPY opened at $3.78 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $152.54 million, a P/E ratio of 2.46 and a beta of 1.88. Amplify Energy Corp. has a 52-week low of $3.54 and a 52-week high of $8.15. The stock’s fifty day simple moving average is $5.45 and its 200-day simple moving average is $6.18.

Amplify Energy (NYSE:AMPY) last announced its earnings results on Wednesday, March 5th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $76.04 million. As a group, equities research analysts forecast that Amplify Energy Corp. will post 1.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Amplify Energy

Institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets acquired a new stake in Amplify Energy during the fourth quarter worth approximately $38,000. Quarry LP purchased a new position in shares of Amplify Energy during the 3rd quarter worth $43,000. Caption Management LLC acquired a new stake in shares of Amplify Energy during the fourth quarter worth $44,000. Quest Partners LLC purchased a new stake in shares of Amplify Energy in the third quarter valued at $45,000. Finally, Invesco Ltd. acquired a new position in Amplify Energy in the fourth quarter valued at $65,000. Institutional investors and hedge funds own 42.84% of the company’s stock.

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.