Amplify Energy Corp. (NYSE:AMPY) Director Clint D. Coghill Purchases 31,000 Shares

Amplify Energy Corp. (NYSE:AMPY) Director Clint D. Coghill acquired 31,000 shares of the firm’s stock in a transaction on Friday, June 6th. The stock was purchased at an average cost of $3.40 per share, with a total value of $105,400.00. Following the purchase, the director now owns 3,004,347 shares of the company’s stock, valued at $10,214,779.80. The trade was a 1.04% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Amplify Energy Stock Performance

Amplify Energy stock opened at $3.26 on Friday. The company has a 50 day moving average price of $2.79 and a 200-day moving average price of $4.51. 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 fifty-two week low of $2.27 and a fifty-two week high of $8.15. The company has a market capitalization of $131.50 million, a PE ratio of 2.12 and a beta of 0.37.

Amplify Energy (NYSE:AMPY) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). The company had revenue of $72.05 million for the quarter, compared to the consensus estimate of $73.87 million. Amplify Energy had a net margin of 20.99% and a return on equity of 16.22%. As a group, equities analysts forecast that Amplify Energy Corp. will post 1.25 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on AMPY. Alliance Global Partners reissued a “buy” rating on shares of Amplify Energy in a research note on Friday, March 7th. Industrial Alliance Securities set a $8.50 price target on shares of Amplify Energy in a research note on Friday, March 7th. Finally, Wall Street Zen downgraded shares of Amplify Energy from a “hold” rating to a “sell” rating in a research note on Friday.

Hedge Funds Weigh In On Amplify Energy

Several institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its holdings in Amplify Energy by 18.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,929 shares of the company’s stock valued at $90,000 after buying an additional 2,367 shares during the period. Sanctuary Advisors LLC increased its holdings in Amplify Energy by 4.2% during the fourth quarter. Sanctuary Advisors LLC now owns 69,225 shares of the company’s stock valued at $415,000 after buying an additional 2,765 shares during the period. Rhumbline Advisers increased its holdings in Amplify Energy by 3.6% during the fourth quarter. Rhumbline Advisers now owns 102,030 shares of the company’s stock valued at $612,000 after buying an additional 3,580 shares during the period. Brandywine Global Investment Management LLC increased its holdings in Amplify Energy by 17.0% during the fourth quarter. Brandywine Global Investment Management LLC now owns 26,870 shares of the company’s stock valued at $161,000 after buying an additional 3,900 shares during the period. Finally, SG Americas Securities LLC increased its holdings in Amplify Energy by 34.8% during the fourth quarter. SG Americas Securities LLC now owns 18,274 shares of the company’s stock valued at $110,000 after buying an additional 4,720 shares during the period. 42.84% of the stock is owned by hedge funds and other institutional investors.

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.