Amplify Energy Corp. (NYSE:AMPY) Insider James Frew Buys 15,000 Shares

Amplify Energy Corp. (NYSE:AMPY) insider James Frew purchased 15,000 shares of the business’s stock in a transaction on Friday, March 7th. The shares were acquired at an average cost of $3.85 per share, with a total value of $57,750.00. Following the acquisition, 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 is available through this link.

Amplify Energy Stock Up 4.6 %

AMPY opened at $3.97 on Tuesday. 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 debt-to-equity ratio of 0.29, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $159.92 million, a P/E ratio of 2.57 and a beta of 1.88. The stock has a fifty day moving average of $5.41 and a 200-day moving average of $6.16.

Amplify Energy (NYSE:AMPY) last posted its quarterly 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). The company had revenue of $69.02 million during 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%. On average, equities analysts expect that Amplify Energy Corp. will post 1.25 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AMPY. Industrial Alliance Securities set a $8.50 target price on Amplify Energy in a report on Friday. Benchmark reissued a “buy” rating and set a $11.00 target price on shares of Amplify Energy in a report on Thursday, January 16th. Finally, Alliance Global Partners reissued a “buy” rating on shares of Amplify Energy in a report on Friday.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its stake in 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 purchasing an additional 88,707 shares in the last quarter. Rangeley Capital LLC acquired a new position in Amplify Energy in the fourth quarter valued at about $8,154,000. Bridgeway Capital Management LLC raised its stake in Amplify Energy by 0.4% in the fourth quarter. Bridgeway Capital Management LLC now owns 1,345,622 shares of the company’s stock valued at $8,074,000 after purchasing an additional 5,916 shares in the last quarter. American Century Companies Inc. raised its stake in Amplify Energy by 26.8% in the fourth quarter. American Century Companies Inc. now owns 1,085,645 shares of the company’s stock valued at $6,514,000 after purchasing an additional 229,608 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Amplify Energy by 3.5% in the third quarter. Geode Capital Management LLC now owns 883,676 shares of the company’s stock valued at $5,772,000 after purchasing an additional 29,988 shares in the last quarter. Institutional investors and hedge funds own 42.84% of the company’s stock.

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.