Deborah G. Adams Buys 10,000 Shares of Amplify Energy Corp. (NYSE:AMPY) Stock

Amplify Energy Corp. (NYSE:AMPY) Director Deborah G. Adams bought 10,000 shares of the stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average price of $4.14 per share, with a total value of $41,400.00. Following the completion of the purchase, the director now owns 61,961 shares of the company’s stock, valued at $256,518.54. This represents a 19.25 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Amplify Energy Price Performance

Shares of AMPY stock opened at $4.05 on Wednesday. The stock has a 50-day moving average price of $5.37 and a 200 day moving average price of $6.14. 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 firm has a market cap of $163.15 million, a price-to-earnings ratio of 2.63 and a beta of 1.88. Amplify Energy Corp. has a 12 month low of $3.54 and a 12 month high of $8.15.

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 return on equity of 16.22% and a net margin of 20.99%. The company had revenue of $69.02 million for the quarter, compared to the consensus estimate of $76.04 million. Research analysts expect that Amplify Energy Corp. will post 1.25 EPS for the current year.

Institutional Trading of Amplify Energy

A number of large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Amplify Energy by 3.7% in the 4th 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 in the last quarter. Rangeley Capital LLC bought a new stake in shares of Amplify Energy in the 4th quarter valued at $8,154,000. Bridgeway Capital Management LLC increased its position in shares of 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 buying an additional 5,916 shares in the last quarter. American Century Companies Inc. increased its position in shares of Amplify Energy by 26.8% in the 4th quarter. American Century Companies Inc. now owns 1,085,645 shares of the company’s stock valued at $6,514,000 after buying an additional 229,608 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Amplify Energy by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 883,676 shares of the company’s stock valued at $5,772,000 after buying an additional 29,988 shares in the last quarter. Institutional investors own 42.84% of the company’s stock.

Wall Street Analyst Weigh In

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

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.