Amplify Energy Corp. (NYSE:AMPY) Director Deborah G. Adams Purchases 10,000 Shares

Amplify Energy Corp. (NYSE:AMPY) Director Deborah G. Adams bought 10,000 shares of the stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average cost of $4.14 per share, for a total transaction of $41,400.00. Following the completion of the purchase, the director now owns 61,961 shares in the company, valued at approximately $256,518.54. This represents a 19.25 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Amplify Energy Price Performance

Shares of Amplify Energy stock opened at $3.92 on Thursday. Amplify Energy Corp. has a 12 month low of $3.54 and a 12 month high of $8.15. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.06 and a quick ratio of 1.06. The business has a 50 day simple moving average of $5.33 and a two-hundred day simple moving average of $6.12. The stock has a market capitalization of $157.90 million, a P/E ratio of 2.54 and a beta of 1.88.

Amplify Energy (NYSE:AMPY) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.13 earnings per share 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 business had revenue of $69.02 million during the quarter, compared to analysts’ expectations of $76.04 million. As a group, analysts predict that Amplify Energy Corp. will post 1.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AMPY. BNP Paribas Financial Markets acquired a new position in Amplify Energy during the fourth quarter worth $38,000. Quarry LP purchased a new stake in shares of Amplify Energy in the third quarter valued at about $43,000. Quest Partners LLC acquired a new stake in Amplify Energy during the third quarter worth about $45,000. Caption Management LLC acquired a new position in Amplify Energy in the 4th quarter valued at about $44,000. Finally, Creative Planning acquired a new stake in shares of Amplify Energy during the 3rd quarter worth approximately $67,000. 42.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AMPY. Industrial Alliance Securities set a $8.50 price target on Amplify Energy in a research report on Friday, March 7th. Alliance Global Partners reissued a “buy” rating on shares of Amplify Energy in a research note on Friday, March 7th. Finally, Benchmark restated a “buy” rating and set a $11.00 price objective on shares of Amplify Energy in a research report on Thursday, January 16th.

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.