Segall Bryant & Hamill LLC Purchases New Shares in Amplify Energy Corp. (NYSE:AMPY)

Segall Bryant & Hamill LLC acquired a new position in shares of Amplify Energy Corp. (NYSE:AMPY) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 170,317 shares of the company’s stock, valued at approximately $1,022,000. Segall Bryant & Hamill LLC owned 0.43% of Amplify Energy as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AMPY. Quarry LP acquired a new position in shares of Amplify Energy during the 3rd quarter worth about $43,000. Quest Partners LLC purchased a new stake in Amplify Energy during the 3rd quarter worth approximately $45,000. EP Wealth Advisors LLC acquired a new position in shares of Amplify Energy during the third quarter valued at approximately $69,000. Wellington Management Group LLP purchased a new position in shares of Amplify Energy in the third quarter valued at approximately $70,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Amplify Energy in the fourth quarter valued at approximately $73,000. 42.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amplify Energy

In other Amplify Energy news, Director Deborah G. Adams purchased 10,000 shares of the stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average cost of $4.14 per share, for a total transaction of $41,400.00. Following the acquisition, the director now owns 61,961 shares in the company, valued at $256,518.54. This trade represents a 19.25 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Todd R. Snyder acquired 25,000 shares of Amplify Energy stock in a transaction that occurred on Friday, March 7th. The stock was bought at an average price of $3.83 per share, for a total transaction of $95,750.00. Following the completion of the acquisition, the director now owns 108,416 shares in the company, valued at $415,233.28. This trade represents a 29.97 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 50,000 shares of company stock worth $194,900 in the last ninety days. 1.96% of the stock is owned by insiders.

Amplify Energy Price Performance

NYSE:AMPY opened at $3.89 on Friday. The stock has a 50 day moving average price of $4.77 and a 200 day moving average price of $5.88. The stock has a market cap of $156.69 million, a PE ratio of 2.52 and a beta of 1.88. 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 Corp. has a one year low of $3.54 and a one year high of $8.15.

Amplify Energy (NYSE:AMPY) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.13 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $76.04 million. Equities research analysts expect that Amplify Energy Corp. will post 1.25 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on AMPY. Industrial Alliance Securities set a $8.50 price objective on Amplify Energy in a research note on Friday, March 7th. Benchmark reaffirmed 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 research note on Friday, March 7th.

Amplify Energy 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.