Todd R. Snyder Purchases 25,000 Shares of Amplify Energy Corp. (NYSE:AMPY) Stock

Amplify Energy Corp. (NYSE:AMPY) Director Todd R. Snyder acquired 25,000 shares of the business’s stock in a transaction on Friday, March 7th. The stock was purchased at an average cost of $3.83 per share, with a total value of $95,750.00. Following the acquisition, 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 position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Amplify Energy Stock Up 2.1 %

AMPY opened at $4.05 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.29. Amplify Energy Corp. has a twelve month low of $3.54 and a twelve month high of $8.15. The company has a market cap of $163.15 million, a PE ratio of 2.63 and a beta of 1.88. The company has a 50-day moving average price of $5.37 and a 200 day moving average price of $6.14.

Amplify Energy (NYSE:AMPY) last released 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). The firm had revenue of $69.02 million during the quarter, compared to analysts’ expectations of $76.04 million. Amplify Energy had a net margin of 20.99% and a return on equity of 16.22%. Sell-side analysts expect that Amplify Energy Corp. will post 1.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on AMPY. Benchmark restated a “buy” rating and issued a $11.00 price target on shares of Amplify Energy in a research note on Thursday, January 16th. Alliance Global Partners restated a “buy” rating on shares of Amplify Energy in a research report on Friday. Finally, Industrial Alliance Securities set a $8.50 target price on Amplify Energy in a research report on Friday.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMPY. Dimensional Fund Advisors LP raised its position in shares of Amplify Energy by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,463,188 shares of the company’s stock valued at $14,779,000 after buying an additional 88,707 shares during the last quarter. Rangeley Capital LLC purchased a new stake in Amplify Energy during the 4th quarter valued at about $8,154,000. Bridgeway Capital Management LLC raised its holdings in Amplify Energy by 0.4% in the 4th quarter. Bridgeway Capital Management LLC now owns 1,345,622 shares of the company’s stock valued at $8,074,000 after acquiring an additional 5,916 shares during the last quarter. American Century Companies Inc. lifted its stake 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 worth $6,514,000 after purchasing an additional 229,608 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Amplify Energy by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 883,676 shares of the company’s stock worth $5,772,000 after purchasing an additional 29,988 shares during the last quarter. Hedge funds and other institutional investors 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.