Amplify Energy Corp. (NYSE:AMPY) Director Todd R. Snyder Buys 25,000 Shares

Amplify Energy Corp. (NYSE:AMPY) Director Todd R. Snyder acquired 25,000 shares of the company’s stock in a transaction that occurred 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 trade represents a 29.97 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Amplify Energy Trading Up 2.1 %

NYSE AMPY opened at $4.05 on Wednesday. Amplify Energy Corp. has a 12 month low of $3.54 and a 12 month high of $8.15. The stock has a market capitalization of $163.15 million, a P/E ratio of 2.63 and a beta of 1.88. The firm’s 50-day moving average is $5.37 and its two-hundred day moving average is $6.14. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.06 and a quick ratio of 1.06.

Amplify Energy (NYSE:AMPY) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $76.04 million. On average, sell-side analysts anticipate that Amplify Energy Corp. will post 1.25 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake 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 in the last quarter. Rangeley Capital LLC purchased a new position in Amplify Energy during the 4th quarter valued at about $8,154,000. Bridgeway Capital Management LLC grew its position 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 in the last quarter. American Century Companies Inc. increased its stake in Amplify Energy by 26.8% during the fourth 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 during the period. Finally, Geode Capital Management LLC lifted its position in shares of Amplify Energy by 3.5% during the third 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 in the last quarter. 42.84% of the stock is currently owned by hedge funds and other institutional investors.

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.